Lowe's Companies, Inc. $LOW is Hardin Capital Partners LLC's Largest Position

Key Points

• Hardin Capital Partners LLC has increased its position in Lowe's Companies by 2.9% in Q2, owning 46.5% of its portfolio in this stock, making it their largest position.
• Lowe's reported $4.33 EPS for the most recent quarter, beating expectations, with a revenue of $23.96 billion — a 1.6% increase year-over-year.
• The company announced a quarterly dividend of $0.012 per share, reflecting a low yield of 0.0% and a dividend payout ratio of 39.44%.

Hardin Capital Partners LLC grew its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 346,542 shares of the home improvement retailer's stock after buying an additional 9,839 shares during the period. Lowe's Companies makes up about 46.5% of Hardin Capital Partners LLC's investment portfolio, making the stock its largest holding. Hardin Capital Partners LLC owned about 0.06% of Lowe's Companies worth $79,233,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. State of Alaska Department of Revenue raised its holdings in Lowe's Companies by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer's stock worth $29,223,000 after buying an additional 1,470 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Lowe's Companies by 8.1% in the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer's stock worth $3,860,000 after acquiring an additional 1,242 shares during the period. Advent Capital Management DE grew its stake in shares of Lowe's Companies by 20.0% in the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer's stock worth $4,198,000 after acquiring an additional 3,000 shares during the period. Cornerstone Wealth Group LLC grew its stake in shares of Lowe's Companies by 12.6% in the first quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer's stock worth $6,848,000 after acquiring an additional 3,295 shares during the period. Finally, Community Trust & Investment Co. grew its stake in shares of Lowe's Companies by 2.3% in the first quarter. Community Trust & Investment Co. now owns 55,502 shares of the home improvement retailer's stock worth $12,945,000 after acquiring an additional 1,251 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LOW has been the subject of a number of research analyst reports. Gordon Haskett upgraded shares of Lowe's Companies to a "hold" rating in a research note on Wednesday, August 13th. DA Davidson lifted their price target on shares of Lowe's Companies from $240.00 to $266.00 and gave the stock a "neutral" rating in a research note on Thursday, August 21st. Wells Fargo & Company lifted their price target on shares of Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Barclays set a $267.00 price target on shares of Lowe's Companies in a research note on Thursday, August 21st. Finally, KeyCorp lifted their price target on shares of Lowe's Companies from $266.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Seventeen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $285.08.

Lowe's Companies Stock Performance

LOW stock traded down $1.89 during mid-day trading on Friday, reaching $265.68. 4,079,028 shares of the stock traded hands, compared to its average volume of 2,502,386. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The stock has a market capitalization of $149.00 billion, a PE ratio of 21.83, a PEG ratio of 2.45 and a beta of 0.87. The business has a 50-day moving average price of $247.63 and a two-hundred day moving average price of $232.57.

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

Lowe's Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be issued a dividend of $0.012 per share. This represents a $0.05 annualized dividend and a yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio is presently 39.44%.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 249,043 shares of the company's stock, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares of the company's stock, valued at approximately $7,741,462.80. The trade was a 2.99% 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 valued at $24,945,752 in the last 90 days. Insiders own 0.27% of the company's stock.

About Lowe's Companies

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.