Cardinal Point Capital Management ULC Takes $1.26 Million Position in Lowe's Companies, Inc. $LOW

Cardinal Point Capital Management ULC purchased a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,690 shares of the home improvement retailer's stock, valued at approximately $1,262,000.

Other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in Lowe's Companies during the first quarter worth about $32,000. Olistico Wealth LLC bought a new stake in Lowe's Companies during the second quarter worth about $33,000. TruNorth Capital Management LLC bought a new stake in Lowe's Companies during the first quarter worth about $38,000. JNBA Financial Advisors raised its holdings in 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 acquiring an additional 100 shares in the last quarter. Finally, Orion Capital Management LLC raised its holdings in Lowe's Companies by 34.2% during the first quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer's stock worth $46,000 after acquiring an additional 50 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Trading Up 0.2%

Lowe's Companies stock opened at $243.90 on Friday. Lowe's Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64. The stock's 50 day moving average is $254.82 and its 200-day moving average is $235.23. The company has a market capitalization of $136.79 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.25 and a beta of 0.88.

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, beating the consensus estimate of $4.24 by $0.09. The business had revenue of $23.96 billion during 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 firm's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities research analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

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 paid a $1.20 dividend. 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 payout ratio is 39.44%.

Insider Buying and Selling

In related news, EVP Brandon J. Sink sold 8,192 shares of the business'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 value 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 approximately $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LOW. Wolfe Research began coverage on Lowe's Companies in a report on Wednesday, September 17th. They set an "outperform" rating on the stock. Royal Bank Of Canada boosted their price target on Lowe's Companies from $243.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 21st. UBS Group boosted their price target on Lowe's Companies from $300.00 to $325.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Wells Fargo & Company boosted 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. Finally, JPMorgan Chase & Co. boosted their price target on Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $282.91.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.