Lowe's Companies, Inc. $LOW Shares Purchased by RPG Investment Advisory LLC

Key Points

• RPG Investment Advisory LLC increased its stake in Lowe's Companies by 106.3% in Q1, bringing their total holdings to 56,736 shares worth approximately $13.23 million.
• Lowe's announced a quarterly dividend of $1.20 per share, raising its annualized dividend to $4.80 and yielding approximately 1.9%.
• The company reported Q2 earnings of $4.33 per share, exceeding analysts' expectations, with revenue of $23.96 billion, up 1.6% year-over-year.

RPG Investment Advisory LLC boosted its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 106.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,736 shares of the home improvement retailer's stock after acquiring an additional 29,234 shares during the quarter. RPG Investment Advisory LLC's holdings in Lowe's Companies were worth $13,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State of Alaska Department of Revenue raised its holdings in shares of Lowe's Companies by 1.2% in the 1st quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer's stock worth $29,223,000 after purchasing an additional 1,470 shares in the last quarter. Aptus Capital Advisors LLC grew its position in Lowe's Companies by 14.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 106,305 shares of the home improvement retailer's stock worth $26,236,000 after buying an additional 13,092 shares during the last quarter. Larson Financial Group LLC increased its holdings 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 valued at $3,860,000 after buying an additional 1,242 shares in the last quarter. Northern Trust Corp lifted its position in shares of Lowe's Companies by 16.3% during the 4th quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock valued at $1,745,960,000 after acquiring an additional 993,833 shares during the last quarter. Finally, Advent Capital Management DE boosted its stake in shares of Lowe's Companies by 20.0% during the 1st 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 in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Stock Performance

Shares of LOW opened at $255.8520 on Friday. The company has a market capitalization of $143.39 billion, a PE ratio of 21.02, a PEG ratio of 2.43 and a beta of 0.89. The company's 50 day moving average price is $229.15 and its 200 day moving average price is $230.35. Lowe's Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date was Wednesday, July 23rd. Lowe's Companies's dividend payout ratio is presently 39.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research report on Thursday. Barclays boosted their price objective on Lowe's Companies from $245.00 to $277.00 and gave the stock an "equal weight" rating in a report on Thursday. Robert W. Baird raised their target price on shares of Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday. Royal Bank Of Canada boosted their price target on shares of Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a report on Thursday. Finally, Guggenheim restated a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a research report on Thursday. Sixteen 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $284.33.

Insider Activity

In related news, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction that occurred 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 completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the transaction, the executive vice president owned 31,898 shares in the company, valued at $7,256,795. This represents a 3.42% decrease in their position. The disclosure for this sale can be found here. Corporate 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.

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