Brandywine Global Investment Management LLC Sells 24,332 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Brandywine Global Investment Management LLC reduced its stake in Lowe's Companies, Inc. by 5.3%, selling 24,332 shares and retaining about 0.08% of the company, valued at approximately $101.5 million.
• Multiple institutional investors significantly increased their stakes in Lowe's, with Pacer Advisors growing its position by 2,984.6% and now owning over 2 million shares.
• Lowe's recently declared a quarterly dividend of $1.20 per share, up from $1.15, translating to an annual yield of 1.9% and a payout ratio of 39.77%.

Brandywine Global Investment Management LLC lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 435,308 shares of the home improvement retailer's stock after selling 24,332 shares during the period. Brandywine Global Investment Management LLC owned about 0.08% of Lowe's Companies worth $101,527,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Wood Tarver Financial Group LLC acquired a new stake in shares of Lowe's Companies during the 4th quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in Lowe's Companies in the first quarter worth approximately $32,000. Orion Capital Management LLC acquired a new position in shares of Lowe's Companies during the 4th quarter worth $36,000. Inlight Wealth Management LLC bought a new position in shares of Lowe's Companies during the 1st quarter valued at $36,000. Finally, IFS Advisors LLC boosted its holdings in Lowe's Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 60 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOW has been the subject of several recent analyst reports. Robert W. Baird decreased their price objective on shares of Lowe's Companies from $295.00 to $285.00 and set an "outperform" rating for the company in a report on Thursday, May 22nd. Truist Financial set a $264.00 target price on shares of Lowe's Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Stifel Nicolaus increased their price target on shares of Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a research note on Monday. Gordon Haskett upgraded shares of Lowe's Companies to a "hold" rating in a research report on Wednesday, August 13th. Finally, DA Davidson reduced their target price on Lowe's Companies from $270.00 to $240.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $271.68.

Insider Transactions at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the transaction, the executive vice president directly owned 31,898 shares of the company's stock, valued at $7,256,795. The trade was a 3.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is owned by corporate insiders.

Lowe's Companies Stock Performance

LOW traded up $5.3180 during trading hours on Tuesday, reaching $256.2080. The company's stock had a trading volume of 4,610,145 shares, compared to its average volume of 2,696,153. 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 cap of $143.59 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 2.38 and a beta of 0.89. The company's 50-day moving average is $227.16 and its 200-day moving average is $229.98.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.04. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%.The firm had revenue of $20.93 billion for the quarter, compared to analysts' expectations of $21.09 billion. During the same quarter last year, the business earned $3.06 EPS. The company's quarterly revenue was down 2.0% compared to the same quarter last year. Lowe's Companies has set its FY 2025 guidance at 12.150-12.400 EPS. Equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.9%. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date was Wednesday, July 23rd. Lowe's Companies's dividend payout ratio is presently 39.77%.

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.