B. Metzler seel. Sohn & Co. AG Has $12.56 Million Stake in Lowe's Companies, Inc. $LOW

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Lowe's Companies by 14.9%, bringing its total holding to 53,861 shares valued at approximately $12.56 million.
• Lowe's has recently reported earnings with an EPS of $4.33, surpassing estimates, and plans to increase its dividend to $1.20 per share.
• Several analysts have upgraded their price targets for Lowe's shares, with Telsey Advisory Group setting a new target of $305.00, reflecting strong investor confidence.

B. Metzler seel. Sohn & Co. AG increased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 14.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,861 shares of the home improvement retailer's stock after acquiring an additional 6,986 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Lowe's Companies were worth $12,562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LOW. Wood Tarver Financial Group LLC acquired a new stake in shares of Lowe's Companies during the fourth quarter worth $25,000. Fairway Wealth LLC acquired a new stake in shares of Lowe's Companies during the first quarter worth $32,000. Orion Capital Management LLC acquired a new stake in shares of Lowe's Companies during the fourth quarter worth $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Lowe's Companies during the first quarter worth $36,000. Finally, IFS Advisors LLC raised its holdings in shares of Lowe's Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after acquiring an additional 60 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Lowe's Companies news, CEO Marvin R. Ellison sold 40,000 shares of Lowe's Companies 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 completion of the sale, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the sale, the executive vice president owned 31,898 shares of the company's stock, valued at $7,256,795. This trade represents a 3.42% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Lowe's Companies Stock Performance

Shares of LOW stock opened at $258.42 on Wednesday. The company has a market capitalization of $144.83 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 2.40 and a beta of 0.89. The company has a 50-day simple moving average of $231.88 and a 200 day simple moving average of $230.26. 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 announced its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. The business had revenue of $23.96 billion during the quarter, compared to the consensus estimate 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 was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were paid a $1.20 dividend. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date was Wednesday, July 23rd. This represents a $4.80 annualized dividend and a yield of 1.9%. Lowe's Companies's dividend payout ratio is presently 39.44%.

Analysts Set New Price Targets

A number of brokerages recently commented on LOW. Telsey Advisory Group restated an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a report on Thursday, August 21st. JPMorgan Chase & Co. lifted their price target on shares of Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Barclays set a $267.00 price target on shares of Lowe's Companies in a research note on Thursday, August 21st. Royal Bank Of Canada lifted their price target on shares of Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a research note on Thursday, August 21st. Finally, Robert W. Baird lifted their price target on shares of Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and an average target price of $283.92.

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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