Guyasuta Investment Advisors Inc. Boosts Holdings in Lowe's Companies, Inc. $LOW

Key Points

• Guyasuta Investment Advisors Inc. increased its holdings in Lowe's Companies by 0.6%, owning 173,879 shares valued at approximately $38.58 million.
• Lowe's Companies reported earnings of $4.33 per share for the last quarter, surpassing analysts' estimates of $4.24, while both revenue and earnings show year-over-year growth.
• The company is facing a dividend cut, announcing a quarterly dividend of $0.012 per share, which translates to a yield of 0.0% and reflects a payout ratio of 39.44%.

Guyasuta Investment Advisors Inc. raised its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 173,879 shares of the home improvement retailer's stock after acquiring an additional 1,008 shares during the quarter. Lowe's Companies makes up 2.4% of Guyasuta Investment Advisors Inc.'s holdings, making the stock its 11th largest holding. Guyasuta Investment Advisors Inc.'s holdings in Lowe's Companies were worth $38,579,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Lowe's Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock valued at $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Lowe's Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock valued at $266,000 after purchasing an additional 259 shares during the last quarter. GAMMA Investing LLC raised its stake in Lowe's Companies by 26,796.0% during the 1st quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer's stock valued at $386,540,000 after acquiring an additional 1,651,170 shares during the last quarter. Welch Group LLC raised its stake in shares of Lowe's Companies by 11.5% during the 1st quarter. Welch Group LLC now owns 1,079 shares of the home improvement retailer's stock worth $246,000 after buying an additional 111 shares in the last quarter. Finally, Legacy Financial Strategies LLC grew its holdings in Lowe's Companies by 0.9% during the 1st quarter. Legacy Financial Strategies LLC now owns 13,417 shares of the home improvement retailer's stock valued at $3,129,000 after buying an additional 124 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe's Companies Stock Up 0.6%

NYSE:LOW opened at $257.18 on Friday. Lowe's Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01. The firm has a market capitalization of $144.23 billion, a P/E ratio of 21.13, a P/E/G ratio of 2.38 and a beta of 0.87. The company has a fifty day moving average of $251.61 and a 200 day moving average of $233.28.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter last year, the firm posted $4.10 EPS. The business's quarterly 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, analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a $0.012 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%. Lowe's Companies's dividend payout ratio is currently 39.44%.

Insider Transactions at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 929 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the sale, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm's stock in a transaction on 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 sale, the chief executive officer directly owned 249,043 shares of the company's stock, valued at $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock worth $24,945,752 in the last ninety days. Corporate insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on LOW. Barclays set a $267.00 price target on Lowe's Companies in a research note on Thursday, August 21st. Wells Fargo & Company increased their target price on shares of Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. UBS Group raised their price objective on shares of Lowe's Companies from $300.00 to $325.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Citigroup reduced their price target 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. Finally, Sanford C. Bernstein lifted their price target on shares of Lowe's Companies from $266.00 to $279.00 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 issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and a consensus target price of $285.50.

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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