Lowe's Companies, Inc. $LOW Shares Acquired by Pure Financial Advisors LLC

Key Points

• Pure Financial Advisors LLC significantly increased its stake in Lowe's Companies, Inc. by 829.9% during Q2, owning 24,567 shares worth approximately $5.45 million at the end of the reporting period.
• CEO Marvin R. Ellison sold 40,000 shares of Lowe's stock for over $10.56 million, representing a 13.84% decrease in his position, while other executives also sold significant shares recently.
• Lowe's Companies announced a quarterly dividend of $1.20, translating to an annualized dividend yield of 1.9%, with the ex-dividend date set for October 22nd.

Pure Financial Advisors LLC lifted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 829.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,567 shares of the home improvement retailer's stock after buying an additional 21,925 shares during the quarter. Pure Financial Advisors LLC's holdings in Lowe's Companies were worth $5,451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nuveen LLC purchased a new stake in Lowe's Companies during the first quarter worth approximately $681,215,000. Pacer Advisors Inc. lifted its stake in Lowe's Companies by 2,984.6% during the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer's stock worth $475,339,000 after purchasing an additional 1,971,996 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Lowe's Companies by 1,048.5% during the first quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer's stock worth $172,527,000 after purchasing an additional 675,318 shares during the last quarter. Wellington Management Group LLP lifted its stake in Lowe's Companies by 49.0% during the first quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer's stock worth $438,751,000 after purchasing an additional 618,775 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Lowe's Companies by 10.6% during the first 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. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LOW shares. Wolfe Research started coverage on Lowe's Companies in a research note on Wednesday, September 17th. They issued an "outperform" rating for the company. JPMorgan Chase & Co. boosted their price objective 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. Robert W. Baird boosted their price objective 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. Citigroup reduced their price objective on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Finally, DA Davidson boosted their price objective on Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $285.50.

Insider Transactions at Lowe's Companies

In other news, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction 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 owned 249,043 shares of the company's stock, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. This represents a 39.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Lowe's Companies Trading Down 1.3%

Shares of NYSE LOW opened at $248.12 on Thursday. Lowe's Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The company has a market capitalization of $139.16 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 2.33 and a beta of 0.88. The business has a 50 day simple moving average of $253.13 and a 200-day simple moving average of $233.78.

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 (EPS) for the quarter, beating 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 analyst estimates of $23.99 billion. During the same quarter in the previous year, the firm posted $4.10 EPS. The business'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. As a group, equities analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's payout ratio is currently 39.44%.

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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