Cookson Peirce & Co. Inc. Boosts Stake in Lowe's Companies, Inc. $LOW

Key Points

• Cookson Peirce & Co. Inc. increased its stake in Lowe's by 29.4%, owning a total of 6,819 shares worth approximately $1.5 million as of its latest SEC filing.
• Lowe's recently reported $4.33 earnings per share, exceeding estimates, with a year-over-year revenue increase of 1.6%.
• The company announced a quarterly dividend of $1.20 per share, reflecting an annual yield of 2.0% and a payout ratio of 39.44%.

Cookson Peirce & Co. Inc. raised its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 29.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,819 shares of the home improvement retailer's stock after purchasing an additional 1,550 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Lowe's Companies were worth $1,513,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in shares of Lowe's Companies in the 1st quarter valued at $32,000. Olistico Wealth LLC purchased a new stake in shares of Lowe's Companies in the 2nd quarter valued at $33,000. TruNorth Capital Management LLC purchased a new stake in shares of Lowe's Companies in the 1st quarter valued at $38,000. JNBA Financial Advisors raised its holdings in shares of 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 during the period. Finally, Vista Cima Wealth Management LLC purchased a new stake in shares of Lowe's Companies in the 1st quarter valued at $44,000. Hedge funds and other institutional investors own 74.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Lowe's Companies in a report on Wednesday, October 8th. Barclays set a $267.00 price objective on Lowe's Companies in a report on Thursday, August 21st. Wells Fargo & Company boosted their price objective on Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. UBS Group boosted 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. Finally, Truist Financial upped their price target on Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" 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 assigned a Sell rating to the company. Based on data from MarketBeat, Lowe's Companies currently has an average rating of "Moderate Buy" and an average price target of $282.91.

Insiders Place Their Bets

In other news, EVP Brandon J. Sink sold 8,192 shares of the company's stock in a transaction dated 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 transaction, the executive vice president directly owned 21,603 shares of the company's stock, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president directly owned 30,099 shares of the company's stock, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by insiders.

Lowe's Companies Price Performance

Shares of NYSE LOW opened at $243.54 on Thursday. The stock's 50-day moving average is $255.01 and its two-hundred day moving average is $235.04. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $280.64. The company has a market cap of $136.59 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 2.27 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 for the quarter, topping the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.Lowe's Companies's revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. 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. Stockholders 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 of this dividend is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio is currently 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.

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