Lowe's Companies, Inc. $LOW Position Boosted by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec increased its ownership in Lowe's Companies, Inc. by 15.0%, holding 22,871 shares valued at approximately $5.34 million as of the latest SEC filing.
• CEO Marvin R. Ellison sold 40,000 shares of Lowe's stock for over $10 million, reducing his ownership by 13.84%.
• Lowe's reported a quarterly EPS of $4.33, exceeding estimates, while revenue reached $23.96 billion, reflecting a 1.6% increase year-over-year.

Federation des caisses Desjardins du Quebec lifted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 15.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,871 shares of the home improvement retailer's stock after acquiring an additional 2,978 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Lowe's Companies were worth $5,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its holdings in shares of Lowe's Companies by 1.2% in the 1st quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer's stock valued at $29,223,000 after purchasing an additional 1,470 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Lowe's Companies by 8.1% in the 1st quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer's stock worth $3,860,000 after buying an additional 1,242 shares during the last quarter. Advent Capital Management DE boosted its holdings in shares of Lowe's Companies by 20.0% during the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer's stock valued at $4,198,000 after acquiring an additional 3,000 shares during the period. Cornerstone Wealth Group LLC raised its stake in shares of Lowe's Companies by 12.6% during the first quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer's stock valued at $6,848,000 after purchasing an additional 3,295 shares in the last quarter. Finally, Community Trust & Investment Co. grew its holdings in Lowe's Companies by 2.3% during the first quarter. Community Trust & Investment Co. now owns 55,502 shares of the home improvement retailer's stock worth $12,945,000 after acquiring an additional 1,251 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Transactions at Lowe's Companies

In other Lowe's Companies 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 transaction of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares of the company's stock, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $2,200,207.36. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 49,121 shares of company stock worth $13,003,146 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

Lowe's Companies Stock Down 1.3%

Shares of LOW stock traded down $3.60 on Tuesday, reaching $269.42. The company's stock had a trading volume of 3,106,033 shares, compared to its average volume of 2,723,290. The company has a market capitalization of $151.10 billion, a P/E ratio of 22.14, a PEG ratio of 2.50 and a beta of 0.87. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The stock's 50 day simple moving average is $239.88 and its 200-day simple moving average is $230.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. The firm had revenue of $23.96 billion during the quarter, compared to analysts' expectations of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $0.012 per share. The ex-dividend date of this dividend 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 is presently 39.44%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LOW shares. Guggenheim reissued a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a research note on Thursday, August 21st. KeyCorp upped their target price on shares of Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Royal Bank Of Canada boosted their price target 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. UBS Group lifted their price objective on shares of Lowe's Companies from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Finally, Citigroup decreased their target price on shares of Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average target price of $284.13.

About Lowe's Companies

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.