Integrity Alliance LLC. Grows Stock Position in Lowe's Companies, Inc. $LOW

Key Points

• Integrity Alliance LLC significantly increased its stock position in Lowe's Companies by 610.0%, acquiring over 13,000 additional shares, bringing their total holdings to approximately $3.55 million.
• Lowe's reported earnings of $4.33 per share for the latest quarter, exceeding analysts' estimates by $0.09, while revenue grew by 1.6% year-over-year to $23.96 billion.
• The company announced a quarterly dividend of $0.012 per share, reflecting a 0.0% dividend yield and a 39.44% payout ratio amid ongoing adjustments by hedge funds and institutional investors.

Integrity Alliance LLC. boosted its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 610.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,222 shares of the home improvement retailer's stock after acquiring an additional 13,078 shares during the period. Integrity Alliance LLC.'s holdings in Lowe's Companies were worth $3,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in LOW. Vanguard Group Inc. grew its position in shares of Lowe's Companies by 0.4% in the first quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer's stock valued at $12,736,545,000 after purchasing an additional 230,359 shares during the last quarter. Invesco Ltd. lifted its stake in 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 valued at $1,214,448,000 after buying an additional 501,154 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in 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 valued at $1,192,213,000 after buying an additional 330,701 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Lowe's Companies by 6.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer's stock valued at $1,242,793,000 after buying an additional 323,371 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Lowe's Companies by 6.4% during the first 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 buying an additional 225,964 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe's Companies Price Performance

NYSE LOW opened at $266.53 on Thursday. The company has a market cap of $149.48 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.49 and a beta of 0.87. Lowe's Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01. The company has a 50-day moving average of $241.49 and a 200-day moving average of $231.38.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its 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. The firm had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe's Companies's revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities research 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. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is 39.44%.

Insider Activity at Lowe's Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of Lowe's Companies stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the transaction, the executive vice president directly owned 21,603 shares of the company's stock, valued at $5,802,133.74. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the 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. Over the last 90 days, insiders have sold 49,121 shares of company stock worth $13,003,146. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on LOW shares. KeyCorp upped their price objective on Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Royal Bank Of Canada upped their target price on shares of Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a report on Thursday, August 21st. Mizuho raised their price target on shares of Lowe's Companies from $280.00 to $285.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Citigroup cut 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 research report on Thursday, July 31st. Finally, Wells Fargo & Company upped their price objective 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. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $284.13.

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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