Haverford Trust Co Has $201.07 Million Holdings in Lowe's Companies, Inc. $LOW

Key Points

• Haverford Trust Co reduced its stake in Lowe's Companies, Inc. by 4.2%, holding a total of $201.07 million in the company's stock, which makes up 2.0% of its investment portfolio.
• The CEO, Marvin R. Ellison, sold 40,000 shares of Lowe's stock for approximately $10.56 million, resulting in a 13.84% decrease in his ownership.
• Lowe's recently increased its quarterly dividend from $1.15 to $1.20, reflecting confidence in financial performance, with an annualized yield of 1.8%.

Haverford Trust Co lessened its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 862,123 shares of the home improvement retailer's stock after selling 38,125 shares during the quarter. Lowe's Companies comprises 2.0% of Haverford Trust Co's investment portfolio, making the stock its 15th biggest position. Haverford Trust Co owned 0.15% of Lowe's Companies worth $201,073,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sax Wealth Advisors LLC acquired a new position in Lowe's Companies in the first quarter valued at about $209,000. AlphaQuest LLC lifted its holdings in shares of Lowe's Companies by 11.2% in the first quarter. AlphaQuest LLC now owns 8,158 shares of the home improvement retailer's stock worth $1,903,000 after acquiring an additional 821 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Lowe's Companies by 1.7% in the 1st quarter. Kestra Advisory Services LLC now owns 79,612 shares of the home improvement retailer's stock valued at $18,568,000 after purchasing an additional 1,355 shares in the last quarter. Gitterman Wealth Management LLC bought a new stake in shares of Lowe's Companies during the 1st quarter valued at approximately $355,000. Finally, RPG Investment Advisory LLC grew its holdings in shares of Lowe's Companies by 106.3% during the 1st quarter. RPG Investment Advisory LLC now owns 56,736 shares of the home improvement retailer's stock valued at $13,233,000 after purchasing an additional 29,234 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

In related news, CEO Marvin R. Ellison sold 40,000 shares of the company'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 value of $10,564,000.00. Following the sale, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Juliette Williams Pryor sold 1,130 shares of the company'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 value of $257,075.00. Following the completion of the sale, the executive vice president owned 31,898 shares in the company, valued at $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LOW shares. KeyCorp upped their price objective on shares of Lowe's Companies from $266.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday. Guggenheim reiterated a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a research report on Thursday. Morgan Stanley lowered their price objective on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Mizuho reiterated an "outperform" rating and set a $280.00 price objective on shares of Lowe's Companies in a research report on Friday, June 13th. Finally, Royal Bank Of Canada upped their price objective on shares of Lowe's Companies from $243.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Thursday. Sixteen equities research 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $284.33.

Lowe's Companies Trading Up 3.1%

NYSE:LOW opened at $263.5780 on Friday. The stock has a market cap of $147.72 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 2.41 and a beta of 0.89. The stock's 50-day moving average is $230.09 and its 200-day moving average is $230.39. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01.

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

Lowe's Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were issued a $1.20 dividend. The ex-dividend date was Wednesday, July 23rd. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 1.8%. Lowe's Companies's dividend payout ratio (DPR) is currently 39.77%.

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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