Lowe's Companies, Inc. $LOW Shares Purchased by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC increased its stake in Lowe's Companies by 3.0%, owning 43,170 shares valued at approximately $9.58 million after purchasing additional shares in the second quarter.
• CEO Marvin R. Ellison and EVP Brandon J. Sink recently sold significant portions of their shares, with Ellison selling 40,000 shares for $10.56 million, indicating a 13.84% decrease in their holdings.
• Lowe's Companies announced a quarterly dividend of $1.20 per share, with an annualized yield of 2.1%, set to be paid on November 5th to stockholders of record by October 22nd.

Concurrent Investment Advisors LLC increased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,170 shares of the home improvement retailer's stock after purchasing an additional 1,238 shares during the period. Concurrent Investment Advisors LLC's holdings in Lowe's Companies were worth $9,578,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOW. Nuveen LLC acquired a new stake in Lowe's Companies during the first quarter worth about $681,215,000. Pacer Advisors Inc. increased its position 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. Wellington Management Group LLP increased its position 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. Invesco Ltd. increased its position 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. Finally, Goldman Sachs Group Inc. increased its position in Lowe's Companies by 6.9% during the first 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. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe's Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the transaction, the executive vice president owned 21,603 shares of the company's stock, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock was 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 owned 249,043 shares of the company's stock, valued at $65,772,256.30. This represents 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. 0.27% of the stock is owned by company insiders.

Lowe's Companies Stock Performance

NYSE LOW opened at $232.28 on Friday. The firm has a 50 day simple moving average of $254.92 and a 200-day simple moving average of $234.40. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The firm has a market cap of $130.27 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.15 and a beta of 0.88.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $23.99 billion. During the same quarter last year, the firm posted $4.10 earnings per share. 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. Equities analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe's Companies's dividend payout ratio (DPR) is presently 39.44%.

Analysts Set New Price Targets

Several research firms recently issued reports on LOW. Sanford C. Bernstein raised their price objective on shares of Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Citigroup dropped their price target 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. Robert W. Baird lifted their price target on shares of Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Truist Financial lifted their price target 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. Finally, Oppenheimer lifted their price target 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 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $283.13.

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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