Lowe's Companies, Inc. $LOW Shares Purchased by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Lowe's Companies by 24.1% in Q2, holding 92,667 shares now valued at $20.57 million.
• Lowe's Companies recently announced a quarterly dividend of $1.20 per share, set to be paid on November 5th, with an annualized yield of 2.1%.
• Analyst ratings for Lowe's show a consensus rating of "Moderate Buy", with target prices reaching up to $285.00 from some analysts.

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 24.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,667 shares of the home improvement retailer's stock after acquiring an additional 18,016 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Lowe's Companies were worth $20,572,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in shares of Lowe's Companies during the first quarter valued at $32,000. Olistico Wealth LLC purchased a new position in shares of Lowe's Companies in the 2nd quarter worth about $33,000. Inlight Wealth Management LLC purchased a new position in shares of Lowe's Companies in the 1st quarter worth about $36,000. TruNorth Capital Management LLC purchased a new position in shares of Lowe's Companies in the 1st quarter worth about $38,000. Finally, JNBA Financial Advisors raised its holdings in shares of Lowe's Companies by 147.1% during the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock valued at $39,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Analyst Ratings Changes

LOW has been the topic of several analyst reports. Stifel Nicolaus raised their target price on Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a report on Monday, August 18th. Barclays set a $267.00 target price on Lowe's Companies in a research report on Thursday, August 21st. Mizuho raised their price target on Lowe's Companies from $280.00 to $285.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. DA Davidson raised their price target on Lowe's Companies from $240.00 to $266.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Finally, Evercore ISI reduced their price target on Lowe's Companies from $275.00 to $250.00 and set an "in-line" rating for the company in a research report on Tuesday, October 7th. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $283.13.

Insiders Place Their Bets

In other Lowe's Companies news, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the transaction, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. This trade represents a 39.69% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by corporate insiders.

Lowe's Companies Stock Down 1.0%

Shares of NYSE LOW opened at $232.28 on Friday. The stock has a market capitalization of $130.27 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.15 and a beta of 0.88. The stock's fifty day simple moving average is $254.92 and its 200 day simple moving average is $234.40. 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 issued 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 business had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Announces Dividend

The firm 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 dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. Lowe's Companies's payout ratio is currently 39.44%.

Lowe's Companies Company 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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