iSAM Funds UK Ltd Buys 10,474 Shares of Lowe’s Companies, Inc. $LOW

iSAM Funds UK Ltd raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 656.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,069 shares of the home improvement retailer’s stock after buying an additional 10,474 shares during the period. Lowe’s Companies comprises 0.6% of iSAM Funds UK Ltd’s holdings, making the stock its 28th largest position. iSAM Funds UK Ltd’s holdings in Lowe’s Companies were worth $2,678,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in Lowe’s Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at $172,000. Cooper Financial Group grew its holdings in shares of Lowe’s Companies by 9.6% in the 1st quarter. Cooper Financial Group now owns 1,656 shares of the home improvement retailer’s stock valued at $386,000 after buying an additional 145 shares during the period. Finally, Cobblestone Capital Advisors LLC NY increased its holdings in shares of Lowe’s Companies by 5.7% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 4,055 shares of the home improvement retailer’s stock worth $946,000 after acquiring an additional 217 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Activity

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Guggenheim reiterated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 21st. Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Barclays set a $267.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. Argus cut their price objective on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. Finally, Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Sixteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $274.88.

Lowe’s Companies Trading Down 1.4%

Lowe’s Companies stock opened at $245.06 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $280.64. The company has a fifty day simple moving average of $238.92 and a 200 day simple moving average of $238.63. The company has a market cap of $137.46 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 4.12 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The firm had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. During the same period in the previous year, the firm posted $2.89 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be paid a dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio is currently 39.80%.

About Lowe’s Companies

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.