Lowe's Companies, Inc. $LOW Shares Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd significantly increased its stake in Lowe's Companies by 609.2%, acquiring an additional 9,699 shares, bringing its total ownership to 11,291 shares valued at approximately $2.63 million.
• Several major hedge funds, including Vanguard Group Inc. and Goldman Sachs Group Inc., have also raised their positions in Lowe's, indicating strong institutional interest in the company.
• Analysts have set new price targets for Lowe's, with recent reports projecting a target price ranging from **$260 to $325**, suggesting a generally positive outlook for the stock.

Dynamic Technology Lab Private Ltd raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 609.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,291 shares of the home improvement retailer's stock after acquiring an additional 9,699 shares during the quarter. Lowe's Companies makes up approximately 0.4% of Dynamic Technology Lab Private Ltd's portfolio, making the stock its 28th biggest position. Dynamic Technology Lab Private Ltd's holdings in Lowe's Companies were worth $2,633,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in LOW. Stance Capital LLC increased its holdings in Lowe's Companies by 816,000.0% during the 1st quarter. Stance Capital LLC now owns 16,322 shares of the home improvement retailer's stock worth $3,807,000 after purchasing an additional 16,320 shares during the period. UniSuper Management Pty Ltd grew its position in shares of Lowe's Companies by 6.4% during the first quarter. UniSuper Management Pty Ltd now owns 36,924 shares of the home improvement retailer's stock worth $8,612,000 after buying an additional 2,206 shares in the last quarter. Richwood Investment Advisors LLC grew its position in shares of Lowe's Companies by 1.3% during the first quarter. Richwood Investment Advisors LLC now owns 6,088 shares of the home improvement retailer's stock worth $1,420,000 after buying an additional 81 shares in the last quarter. Petrus Trust Company LTA increased its stake in shares of Lowe's Companies by 10.4% during the first quarter. Petrus Trust Company LTA now owns 2,062 shares of the home improvement retailer's stock worth $481,000 after buying an additional 194 shares during the period. Finally, Plancorp LLC raised its holdings in Lowe's Companies by 18.9% in the first quarter. Plancorp LLC now owns 2,383 shares of the home improvement retailer's stock valued at $556,000 after acquiring an additional 378 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Insiders Place Their Bets

In other news, EVP Brandon J. Sink sold 8,192 shares of Lowe's Companies 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 sale, the executive vice president directly owned 21,603 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the business'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 completion of the transaction, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,121 shares of company stock worth $13,003,146 in the last quarter. 0.27% of the stock is owned by corporate insiders.

Lowe's Companies Stock Performance

Shares of NYSE:LOW traded down $3.60 during midday trading on Tuesday, hitting $269.42. 3,120,371 shares of the company's stock traded hands, compared to its average volume of 3,068,601. The firm's fifty day moving average price is $240.70 and its two-hundred day moving average price is $231.14. 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 $151.10 billion, a PE ratio of 22.14, a P/E/G ratio of 2.53 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating 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 company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same period last year, the company posted $4.10 earnings per share. The firm's revenue was up 1.6% compared to the same quarter last year. 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 EPS for the current fiscal year.

Lowe's Companies Cuts Dividend

The company 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 dividend of $0.012 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a yield of 0.0%. Lowe's Companies's payout ratio is 39.44%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Truist Financial boosted their price target on shares of Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Barclays set a $267.00 price objective on shares of Lowe's Companies in a research report on Thursday, August 21st. KeyCorp increased their target price on Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Citigroup cut their price target on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Finally, Sanford C. Bernstein upped their price objective on Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $284.13.

Lowe's Companies Company 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.