Lowe's Companies, Inc. $LOW Shares Purchased by Czech National Bank

Key Points

• The Czech National Bank increased its stake in Lowe's Companies, raising its ownership by 5.5%, bringing its total shares to 136,812, valued at approximately $30.35 million.
• Numerous institutional investors have recently increased their positions in Lowe's, with notable additions from Nuveen LLC and GAMMA Investing LLC, contributing to a total ownership of 74.06% by institutional investors.
• Lowe's reported a Q2 EPS of $4.33, surpassing analysts' expectations, and set its fiscal year 2025 guidance for earnings per share between 12.200 and 12.450.

Czech National Bank raised its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,812 shares of the home improvement retailer's stock after buying an additional 7,121 shares during the period. Czech National Bank's holdings in Lowe's Companies were worth $30,354,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Nuveen LLC acquired a new position in shares of Lowe's Companies in the 1st quarter worth approximately $681,215,000. Pacer Advisors Inc. grew its stake in shares of Lowe's Companies by 2,984.6% in the 1st 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. GAMMA Investing LLC grew its stake in shares of Lowe's Companies by 26,796.0% in the 1st quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer's stock worth $386,540,000 after purchasing an additional 1,651,170 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Lowe's Companies by 1,048.5% in the 1st 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. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Lowe's Companies in the 4th quarter worth approximately $159,029,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Activity

In other news, EVP Juliette Williams Pryor sold 929 shares of Lowe's Companies stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares of the company's stock, valued at $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $11,942,606.00. Following the completion of the transaction, the executive vice president directly owned 66,566 shares in the company, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Royal Bank Of Canada lifted their price objective on shares of Lowe's Companies from $243.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 21st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a research note on Thursday, August 21st. Sanford C. Bernstein lifted 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 note on Thursday, August 21st. Finally, Mizuho lifted their target price on shares of Lowe's Companies from $280.00 to $285.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Sixteen investment 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's stock. According to MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and an average price target of $284.13.

Lowe's Companies Stock Up 0.2%

NYSE LOW opened at $272.25 on Tuesday. The stock has a market capitalization of $152.69 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87. The company has a 50 day moving average price of $244.21 and a two-hundred day moving average price of $231.79. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted 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 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 company's revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company 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 analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current 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 paid a $0.012 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%. Lowe's Companies's payout ratio is 39.44%.

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.

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