Boston Common Asset Management LLC Grows Stake in Lowe's Companies, Inc. $LOW

Key Points

• Boston Common Asset Management LLC has increased its stake in Lowe's Companies by 35.7%, now holding 25,233 shares valued at $5.6 million after acquiring an additional 6,634 shares in the second quarter.
• Lowe's reported $4.33 EPS for the last quarter, surpassing analysts' expectations of $4.24, with revenue totaling $23.96 billion, reflecting a 1.6% increase year-over-year.
• The company announced a quarterly dividend of $1.20 per share, with an annualized yield of 1.9%, set to be paid on November 5th to investors recorded by October 22nd.

Boston Common Asset Management LLC increased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 35.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,233 shares of the home improvement retailer's stock after purchasing an additional 6,634 shares during the quarter. Boston Common Asset Management LLC's holdings in Lowe's Companies were worth $5,598,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in shares of Lowe's Companies during the first quarter worth about $32,000. Inlight Wealth Management LLC purchased a new stake in shares of Lowe's Companies during the first quarter worth about $36,000. TruNorth Capital Management LLC purchased a new stake in shares of Lowe's Companies during the first quarter worth about $38,000. JNBA Financial Advisors grew its position in shares of Lowe's Companies by 147.1% during the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock worth $39,000 after purchasing an additional 100 shares in the last quarter. Finally, Vista Cima Wealth Management LLC purchased a new stake in shares of Lowe's Companies during the first quarter worth about $44,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Performance

Shares of LOW stock opened at $246.24 on Friday. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The firm has a market capitalization of $138.10 billion, a P/E ratio of 20.23, a P/E/G ratio of 2.28 and a beta of 0.88. The stock has a 50 day moving average price of $253.95 and a 200 day moving average price of $234.14.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. During the same period last year, the company earned $4.10 EPS. Lowe's Companies's quarterly revenue was up 1.6% compared to the same quarter last year. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

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 paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is currently 39.44%.

Analysts Set New Price Targets

Several equities analysts have weighed in on LOW shares. UBS Group raised their price target on Lowe's Companies from $300.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. raised their price target on Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Mizuho raised their price target on Lowe's Companies from $280.00 to $285.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Robert W. Baird raised their price target on Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus raised their price target on Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a report on Monday, August 18th. Seventeen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and an average price target of $285.50.

Insiders Place Their Bets

In related news, EVP Brandon J. Sink sold 8,192 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 21,603 shares of the company's stock, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm's 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 sale, the executive vice president directly owned 66,566 shares of the company's stock, valued at $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock valued at $24,945,752 over the last quarter. 0.27% of the stock is currently owned by insiders.

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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