BTC Capital Management Inc. Has $7.34 Million Stock Position in Lowe's Companies, Inc. $LOW

Key Points

• BTC Capital Management Inc. increased its holdings in Lowe's Companies by 7.4%, owning 33,100 shares now valued at $7,344,000 as of its latest SEC filing.
• Several institutional investors notably boosted their positions in Lowe's, with Brighton Jones LLC increasing its stake by 119.7% in the fourth quarter.
• Lowe's recently set its FY 2025 earnings guidance at 12.200-12.450 EPS and reported earnings of $4.33 per share for the last quarter, exceeding analysts' estimates.

BTC Capital Management Inc. lifted its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 7.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,100 shares of the home improvement retailer's stock after buying an additional 2,267 shares during the quarter. BTC Capital Management Inc.'s holdings in Lowe's Companies were worth $7,344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Lowe's Companies by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer's stock worth $12,736,545,000 after purchasing an additional 230,359 shares during the last quarter. Invesco Ltd. increased its stake in Lowe's Companies by 10.6% during the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer's stock worth $1,214,448,000 after purchasing an additional 501,154 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Lowe's Companies by 6.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer's stock worth $1,192,213,000 after purchasing an additional 330,701 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Lowe's Companies by 6.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer's stock worth $881,406,000 after purchasing an additional 225,964 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Lowe's Companies by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,501,740 shares of the home improvement retailer's stock worth $816,711,000 after acquiring an additional 42,676 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Marvin R. Ellison sold 40,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the sale, the chief executive officer directly owned 249,043 shares of the company's stock, valued at $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe's Companies 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 sale, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 over the last three months. Company insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent research reports. Wells Fargo & Company upped their price target on Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Wolfe Research initiated coverage on Lowe's Companies in a research report on Wednesday. They set an "outperform" rating for the company. Guggenheim reaffirmed a "buy" rating and set a $300.00 price target on shares of Lowe's Companies in a research report on Thursday, August 21st. Piper Sandler increased their price objective on Lowe's Companies from $269.00 to $294.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Finally, Truist Financial increased their price objective on Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Seventeen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus target price of $285.08.

Lowe's Companies Trading Down 1.6%

LOW stock traded down $4.34 during trading hours on Monday, hitting $260.86. 3,435,258 shares of the stock were exchanged, compared to its average volume of 2,720,392. The firm has a market capitalization of $146.30 billion, a P/E ratio of 21.43, a P/E/G ratio of 2.45 and a beta of 0.87. The company has a 50-day simple moving average of $247.63 and a two-hundred day simple moving average of $232.50. Lowe's Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.09. The firm 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 company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities research analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a $0.012 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. Lowe's Companies's dividend payout ratio (DPR) is presently 39.44%.

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.