Guggenheim Capital LLC Has $24.28 Million Stake in Lowe's Companies, Inc. $LOW

Key Points

• Guggenheim Capital LLC has reduced its stake in Lowe's Companies, Inc. to $24.28 million by decreasing its holdings by 7.2% in the first quarter.
• Lowe's reported quarterly earnings of $4.33 EPS, exceeding expectations, with a revenue of $23.96 billion, up 1.6% year-over-year.
• The company has announced an increase in its quarterly dividend from $1.15 to $1.20, marking a 1.9% dividend yield with a payout ratio of 39.44%.

Guggenheim Capital LLC decreased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,109 shares of the home improvement retailer's stock after selling 8,045 shares during the quarter. Guggenheim Capital LLC's holdings in Lowe's Companies were worth $24,281,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LOW. Wood Tarver Financial Group LLC acquired a new stake in shares of Lowe's Companies during the 4th quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in Lowe's Companies during the first quarter valued at approximately $32,000. Orion Capital Management LLC acquired a new position in Lowe's Companies during the fourth quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new position in Lowe's Companies during the first quarter valued at approximately $36,000. Finally, IFS Advisors LLC grew its holdings in Lowe's Companies by 60.0% during the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Trading Down 0.2%

Shares of LOW opened at $258.42 on Wednesday. The company has a market cap of $144.83 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 2.40 and a beta of 0.89. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The company's fifty day simple moving average is $231.88 and its 200 day simple moving average is $230.26.

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 net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same period in the previous year, the company earned $4.10 earnings per share. The company's quarterly revenue was up 1.6% on a year-over-year basis. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, July 23rd. Lowe's Companies's dividend payout ratio (DPR) is currently 39.44%.

Insider Activity at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the sale, the executive vice president owned 31,898 shares of the company's stock, valued at $7,256,795. This trade represents a 3.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer directly 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LOW shares. UBS Group boosted their price objective on shares of Lowe's Companies from $300.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Guggenheim restated a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a report on Thursday, August 21st. Citigroup decreased their price objective on shares of Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Telsey Advisory Group restated an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a report on Thursday, August 21st. Finally, Robert W. Baird lifted their price target on shares of Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Sixteen investment 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $283.92.

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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