Farther Finance Advisors LLC Boosts Stock Position in Lowe's Companies, Inc. $LOW

Key Points

• Farther Finance Advisors LLC increased its stake in Lowe's Companies by 17.3%, owning 15,028 shares worth approximately $3.33 million after acquiring 2,220 shares in the second quarter.
• Lowe's reported earnings of $4.33 per share, exceeding analysts' expectations of $4.24, with revenue of $23.96 billion for the quarter, marking a 1.6% increase from last year.
• The company announced a small quarterly dividend of $0.012, representing an annualized yield of 0.0%, amid a reported dividend payout ratio of 39.44%.

Farther Finance Advisors LLC grew its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 17.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,028 shares of the home improvement retailer's stock after acquiring an additional 2,220 shares during the period. Farther Finance Advisors LLC's holdings in Lowe's Companies were worth $3,334,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of 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. raised its holdings 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 in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Lowe's Companies by 6.9% in 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 buying an additional 330,701 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Lowe's Companies by 6.4% in 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 purchasing an additional 225,964 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Lowe's Companies by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,501,740 shares of the home improvement retailer's stock valued at $816,711,000 after purchasing an additional 42,676 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Buying and Selling at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 929 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the sale, the executive vice president directly 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,931 shares of company stock valued at $24,945,752. Corporate insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. UBS Group raised their price target on Lowe's Companies from $300.00 to $325.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a report on Thursday, August 21st. Mizuho boosted their price objective on Lowe's Companies from $280.00 to $285.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Royal Bank Of Canada upped their price objective on Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a research note on Thursday, August 21st. Finally, Piper Sandler upped their target price on shares of Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Seventeen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus price target of $285.08.

Lowe's Companies Trading Down 1.6%

Lowe's Companies stock traded down $4.34 during midday trading on Monday, hitting $260.86. 3,435,258 shares of the stock were exchanged, compared to its average volume of 2,516,509. The stock has a market capitalization of $146.30 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 2.45 and a beta of 0.87. The stock's 50-day simple moving average is $248.40 and its 200 day simple moving average is $232.62. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analyst estimates 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 was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a $0.012 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. Lowe's Companies's payout ratio is 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.