Callan Family Office LLC Has $14.28 Million Stock Position in Lowe's Companies, Inc. $LOW

Key Points

• Callan Family Office LLC significantly increased its stake in Lowe's Companies, Inc., raising its holdings by 120.5% to a total of 64,349 shares, valued at approximately $14.28 million.
• Lowe's Companies recently reported earnings of $4.33 per share, slightly exceeding expectations, with a revenue of $23.96 billion for the quarter, demonstrating a year-over-year growth of 1.6%.
• The company announced a quarterly dividend of $1.20 per share, reflecting a 2.0% dividend yield and a payout ratio of 39.44% as of the recent filing.

Callan Family Office LLC increased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 120.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,349 shares of the home improvement retailer's stock after acquiring an additional 35,160 shares during the quarter. Callan Family Office LLC's holdings in Lowe's Companies were worth $14,277,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC acquired a new position in shares of Lowe's Companies during the 1st quarter worth approximately $32,000. Olistico Wealth LLC acquired a new position in shares of Lowe's Companies during the 2nd quarter worth approximately $33,000. Inlight Wealth Management LLC acquired a new position in Lowe's Companies in the 1st quarter valued at $36,000. TruNorth Capital Management LLC acquired a new position in Lowe's Companies in the 1st quarter valued at $38,000. Finally, JNBA Financial Advisors grew its holdings in Lowe's Companies by 147.1% in the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock valued at $39,000 after buying an additional 100 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Stock Down 1.3%

Shares of LOW stock opened at $234.59 on Friday. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The company has a market cap of $131.57 billion, a P/E ratio of 19.28, a P/E/G ratio of 2.20 and a beta of 0.88. The business has a fifty day simple moving average of $254.80 and a 200 day simple moving average of $234.37.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced 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. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. During the same period in the prior year, the company earned $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. As a group, equities research analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. Royal Bank Of Canada upped their price objective on Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a report on Thursday, August 21st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a report on Thursday, August 21st. UBS Group upped their price objective on Lowe's Companies from $300.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Mizuho upped their price objective on Lowe's Companies from $280.00 to $285.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. upped 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. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $283.13.

Insiders Place Their Bets

In related news, EVP Brandon J. Sink sold 8,192 shares of the company's stock in a transaction 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 in the company, valued at $5,802,133.74. This represents a 27.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the company's stock in a transaction on 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 owned 249,043 shares of the company's stock, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock valued at $24,945,752 in the last quarter. Corporate insiders own 0.27% of the company's stock.

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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