AssuredPartners Investment Advisors LLC Has $368,000 Position in Lowe's Companies, Inc. $LOW

Key Points

• AssuredPartners Investment Advisors LLC has reduced its stake in Lowe's Companies by 67.8%, now holding 1,657 shares valued at approximately $368,000.
• Lowe's reported earnings of $4.33 per share for the last quarter, exceeding analysts' expectations of $4.24, with revenue of $23.96 billion, marking a 1.6% year-over-year increase.
• The company also announced a quarterly dividend of $1.20 per share, with an expected annual yield of 2.0%, set to be paid on November 5th.

AssuredPartners Investment Advisors LLC lessened its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 67.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,657 shares of the home improvement retailer's stock after selling 3,485 shares during the period. AssuredPartners Investment Advisors LLC's holdings in Lowe's Companies were worth $368,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vertex Planning Partners LLC grew its position in shares of Lowe's Companies by 2.9% in the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer's stock valued at $369,000 after buying an additional 44 shares during the last quarter. Quadcap Wealth Management LLC boosted its holdings in Lowe's Companies by 0.5% in the first quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer's stock worth $2,189,000 after acquiring an additional 46 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Lowe's Companies by 0.8% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock worth $1,357,000 after acquiring an additional 47 shares in the last quarter. Appleton Partners Inc. MA boosted its holdings in Lowe's Companies by 1.5% in the second quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer's stock worth $713,000 after acquiring an additional 47 shares in the last quarter. Finally, Fielder Capital Group LLC lifted its holdings in shares of Lowe's Companies by 5.9% in the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock valued at $202,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Up 0.7%

NYSE LOW opened at $244.81 on Friday. The stock's 50-day simple moving average is $255.21 and its two-hundred day simple moving average is $234.69. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $282.70. The company has a market capitalization of $137.30 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.25 and a beta of 0.88.

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

Lowe's Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's payout ratio is currently 39.44%.

Insiders Place Their Bets

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. The trade was a 39.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock worth $24,945,752 in the last quarter. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Wall Street Zen raised Lowe's Companies from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. JPMorgan Chase & Co. increased their price objective on Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Wolfe Research started coverage on Lowe's Companies in a report on Wednesday, September 17th. They issued an "outperform" rating for the company. Finally, Gordon Haskett raised Lowe's Companies to a "hold" rating in a report on Wednesday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $282.91.

Lowe's Companies 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.

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