Harbour Trust & Investment Management Co Purchases 1,505 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Harbour Trust & Investment Management Co increased its stake in Lowe's Companies by 4.7% during the 2nd quarter, purchasing an additional 1,505 shares worth approximately $7.36 million.
• Insider selling included EVP Joseph Michael Mcfarland, who sold 43,810 shares for over $11.94 million, marking a significant decrease in his holdings by 39.69%.
• Lowe's recently announced a quarterly dividend of $1.20 per share, reflecting an annualized yield of 2.1% and a dividend payout ratio of approximately 39.44%.

Harbour Trust & Investment Management Co boosted its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,194 shares of the home improvement retailer's stock after purchasing an additional 1,505 shares during the quarter. Harbour Trust & Investment Management Co's holdings in Lowe's Companies were worth $7,365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. Brighton Jones LLC raised its holdings in Lowe's Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after purchasing an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Lowe's Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after purchasing an additional 259 shares during the last quarter. GAMMA Investing LLC raised its holdings in Lowe's Companies by 15.3% during the 1st quarter. GAMMA Investing LLC now owns 7,106 shares of the home improvement retailer's stock worth $1,657,000 after purchasing an additional 944 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Lowe's Companies by 5.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 417,824 shares of the home improvement retailer's stock worth $97,450,000 after purchasing an additional 20,434 shares during the last quarter. Finally, Sound Income Strategies LLC raised its holdings in Lowe's Companies by 25.3% during the 1st quarter. Sound Income Strategies LLC now owns 1,971 shares of the home improvement retailer's stock worth $460,000 after purchasing an additional 398 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the sale, the executive vice president directly owned 66,566 shares of the company's stock, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 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 position. 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 quarter. 0.27% of the stock is owned by company insiders.

Lowe's Companies Stock Performance

NYSE LOW opened at $234.11 on Tuesday. The business has a 50 day simple moving average of $254.92 and a 200 day simple moving average of $234.46. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The stock has a market cap of $131.30 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.15 and a beta of 0.88.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $23.96 billion during the quarter, compared to analysts' expectations of $23.99 billion. During the same period in the prior year, the business earned $4.10 EPS. Lowe's Companies's revenue for the quarter 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. On average, analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio is presently 39.44%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LOW shares. Robert W. Baird upped their price target on Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Lowe's Companies in a research note on Wednesday, October 8th. Barclays set a $267.00 price target on Lowe's Companies in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. upped their price target on Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus price target of $283.13.

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.

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