Strathmore Capital Advisors Inc. Takes $2.72 Million Position in Lowe's Companies, Inc. $LOW

Key Points

• Strathmore Capital Advisors Inc. acquired 12,044 shares of Lowe's Companies, valued at approximately $2.7 million, making it the firm’s 14th largest position.
• Lowe's recently reported earnings per share of $4.33 for the quarter, surpassing analyst expectations, while the company had a year-over-year revenue growth of 1.6%.
• The company's quarterly dividend has been set at $0.012 per share, yielding 0.0%, with a payout ratio of 39.44%.

Strathmore Capital Advisors Inc. bought a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,044 shares of the home improvement retailer's stock, valued at approximately $2,717,000. Lowe's Companies makes up 1.2% of Strathmore Capital Advisors Inc.'s portfolio, making the stock its 14th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Lowe's Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Lowe's Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock valued at $266,000 after buying an additional 259 shares during the period. State of Wyoming grew its position in Lowe's Companies by 677.1% during the fourth quarter. State of Wyoming now owns 1,088 shares of the home improvement retailer's stock worth $269,000 after buying an additional 948 shares in the last quarter. Two Sigma Advisers LP increased its stake in Lowe's Companies by 24.7% during the 4th quarter. Two Sigma Advisers LP now owns 42,900 shares of the home improvement retailer's stock worth $10,588,000 after acquiring an additional 8,500 shares during the period. Finally, Woodline Partners LP acquired a new position in Lowe's Companies in the 4th quarter valued at $8,408,000. Institutional investors own 74.06% of the company's stock.

Insider Transactions at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 929 shares of Lowe's Companies stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares of the company's stock, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brandon J. Sink sold 8,192 shares of Lowe's Companies stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the sale, the executive vice president directly owned 21,603 shares of the company's stock, valued at $5,802,133.74. This represents a 27.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is currently owned by company insiders.

Lowe's Companies Stock Performance

NYSE LOW traded down $1.89 during trading hours on Friday, hitting $265.68. The company had a trading volume of 4,079,028 shares, compared to its average volume of 2,502,386. The firm has a market capitalization of $149.00 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.45 and a beta of 0.87. Lowe's Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01. The firm has a 50 day simple moving average of $247.63 and a 200 day simple moving average of $232.64.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe's Companies's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be paid a $0.012 dividend. This represents a $0.05 annualized dividend and a yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio is presently 39.44%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LOW. Mizuho upped their target price on Lowe's Companies from $280.00 to $285.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Sanford C. Bernstein upped their target price on Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. KeyCorp upped their target price on Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Truist Financial upped their target price on Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Finally, Citigroup lowered their price target on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Seventeen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lowe's Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $285.08.

Lowe's Companies Company Profile

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.