Focused Investors LLC Has $96.94 Million Position in Lowe's Companies, Inc. $LOW

Key Points

• Focused Investors LLC has decreased its stake in Lowe's Companies by 2.1% to $96.94 million, now holding 436,900 shares which represent 3.2% of its investment portfolio.
• Lowe's announced a quarterly dividend of $1.20 per share, to be paid on November 5th, with a dividend yield of 2.0%.
• Analysts have mixed ratings for Lowe's stock, with a consensus target price of $283.83, where 17 analysts recommend a Buy, 9 hold, and 1 suggests a Sell.

Focused Investors LLC lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 436,900 shares of the home improvement retailer's stock after selling 9,300 shares during the period. Lowe's Companies makes up 3.2% of Focused Investors LLC's investment portfolio, making the stock its 18th biggest holding. Focused Investors LLC owned about 0.08% of Lowe's Companies worth $96,935,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Fairway Wealth LLC acquired a new position in Lowe's Companies in the first quarter worth about $32,000. Olistico Wealth LLC acquired a new position in Lowe's Companies in the second quarter worth about $33,000. Inlight Wealth Management LLC acquired a new position in Lowe's Companies in the first quarter worth about $36,000. TruNorth Capital Management LLC acquired a new position in Lowe's Companies in the first quarter worth about $38,000. Finally, JNBA Financial Advisors raised its position in Lowe's Companies by 147.1% in the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock worth $39,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 929 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were 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 trade represents a 2.99% 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 the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the transaction, the executive vice president directly owned 66,566 shares in the company, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock valued at $24,945,752 in the last three months. Insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LOW shares. Gordon Haskett raised shares of Lowe's Companies to a "hold" rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. upped their price objective on shares of Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Evercore ISI decreased their price objective on shares of Lowe's Companies from $275.00 to $250.00 and set an "in-line" rating on the stock in a research note on Tuesday. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research note on Thursday, August 21st. Finally, Wells Fargo & Company upped their price objective on shares of Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Seventeen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and a consensus target price of $283.83.

Lowe's Companies Price Performance

Shares of Lowe's Companies stock opened at $239.58 on Wednesday. The firm has a market cap of $134.36 billion, a P/E ratio of 19.69, a P/E/G ratio of 2.24 and a beta of 0.88. The firm has a 50 day simple moving average of $254.37 and a 200 day simple moving average of $234.34. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01.

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, beating analysts' consensus estimates of $4.24 by $0.09. The business had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe's Companies's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe's Companies's dividend payout ratio (DPR) is presently 39.44%.

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.

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