Hilltop National Bank Purchases Shares of 5,922 Lowe's Companies, Inc. $LOW

Hilltop National Bank bought a new position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,922 shares of the home improvement retailer's stock, valued at approximately $1,314,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Lowe's Companies by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer's stock worth $12,736,545,000 after purchasing an additional 230,359 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Lowe's Companies by 10.6% in the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer's stock worth $1,214,448,000 after purchasing an additional 501,154 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Lowe's Companies by 6.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer's stock worth $1,192,213,000 after purchasing an additional 330,701 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Lowe's Companies by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer's stock worth $881,406,000 after purchasing an additional 225,964 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Lowe's Companies by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,501,740 shares of the home improvement retailer's stock worth $816,711,000 after purchasing an additional 42,676 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

Lowe's Companies stock opened at $247.32 on Friday. The company's 50 day simple moving average is $253.56 and its 200 day simple moving average is $233.92. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01. The firm has a market capitalization of $138.70 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.30 and a beta of 0.88.

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 earnings per share for the quarter, topping 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 business had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same quarter last year, the firm earned $4.10 EPS. Lowe's Companies'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 predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 1.9%. Lowe's Companies's dividend payout ratio (DPR) is presently 39.44%.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe's Companies stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares of the company's stock, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe's Companies stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the completion of the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 92,931 shares of company stock worth $24,945,752. Corporate insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. DA Davidson upped their target price on shares of Lowe's Companies from $240.00 to $266.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Royal Bank Of Canada raised their price objective on shares of Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a research report on Thursday, August 21st. Truist Financial raised their price objective on shares of Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Piper Sandler raised their price objective on shares of Lowe's Companies from $269.00 to $294.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, Oppenheimer raised their price objective on shares of Lowe's Companies from $305.00 to $320.00 and gave the company an "outperform" rating in a research report on Thursday, September 25th. Sixteen equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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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