Aberdeen Group plc Grows Stake in Lowe's Companies, Inc. $LOW

Key Points

• Aberdeen Group plc increased its stake in Lowe's Companies by 7.0%, acquiring an additional 42,492 shares, bringing its total ownership to approximately 0.12% valued at $142,635,000.
• Analysts have set various price targets for Lowe's, with Barclays at $267.00 and Telsey Advisory Group reaffirming an "outperform" rating with a target of $305.00, indicating strong market confidence.
• Lowe's announced a quarterly dividend of $1.20 per share, payable on November 5th, reflecting an annualized yield of 2.1% and a dividend payout ratio of 39.44%.

Aberdeen Group plc lifted its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 647,781 shares of the home improvement retailer's stock after buying an additional 42,492 shares during the period. Aberdeen Group plc owned approximately 0.12% of Lowe's Companies worth $142,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in shares of Lowe's Companies in the 1st quarter worth $32,000. Olistico Wealth LLC purchased a new position in shares of Lowe's Companies in the 2nd quarter worth $33,000. Inlight Wealth Management LLC purchased a new position in shares of Lowe's Companies in the 1st quarter worth $36,000. TruNorth Capital Management LLC purchased a new position in shares of Lowe's Companies in the 1st quarter worth $38,000. Finally, JNBA Financial Advisors boosted its stake in shares of Lowe's Companies by 147.1% in the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock worth $39,000 after buying an additional 100 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays set a $267.00 price target on Lowe's Companies in a research note on Thursday, August 21st. Citigroup decreased their target price on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a report on Thursday, August 21st. KeyCorp raised their target price on Lowe's Companies from $266.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Wolfe Research initiated coverage on Lowe's Companies in a report on Wednesday, September 17th. They issued an "outperform" rating on the stock. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and a consensus price target of $283.13.

Lowe's Companies Stock Down 1.0%

NYSE:LOW opened at $232.28 on Friday. The business's 50-day simple moving average is $254.92 and its two-hundred day simple moving average is $234.38. The stock has a market cap of $130.27 billion, a PE ratio of 19.09, a P/E/G ratio of 2.17 and a beta of 0.88. Lowe's Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01.

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

Lowe's Companies Announces 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 issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. Lowe's Companies's dividend payout ratio (DPR) is currently 39.44%.

Insiders Place Their Bets

In other Lowe's Companies news, EVP Brandon J. Sink sold 8,192 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was 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 trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 92,931 shares of company stock valued at $24,945,752 in the last ninety days. Insiders own 0.27% of the company's stock.

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.

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