APG Asset Management N.V. Sells 27,741 Shares of Lowe's Companies, Inc. $LOW

Key Points

• APG Asset Management N.V. reduced its stake in Lowe's Companies by 6.6% during the first quarter, lowering its ownership to 393,780 shares valued at approximately $85 million.
• Lowe's reported a quarterly earnings per share (EPS) of $4.33, exceeding expectations, and has given a FY 2025 guidance between $12.200-12.450 EPS.
• The company declared a quarterly dividend of $1.20 per share, reflecting an increase from the previous $1.15, resulting in an annualized yield of 1.8% and a payout ratio of 39.77%.

APG Asset Management N.V. decreased its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 393,780 shares of the home improvement retailer's stock after selling 27,741 shares during the quarter. APG Asset Management N.V. owned approximately 0.07% of Lowe's Companies worth $85,023,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LOW. Vanguard Group Inc. raised its stake in Lowe's Companies by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer's stock worth $12,736,545,000 after acquiring an additional 230,359 shares during the period. Northern Trust Corp increased its stake in shares of Lowe's Companies by 16.3% in the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer's stock worth $1,745,960,000 after purchasing an additional 993,833 shares in the last quarter. Invesco Ltd. raised its position in shares of Lowe's Companies by 10.6% during the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer's stock valued at $1,214,448,000 after purchasing an additional 501,154 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Lowe's Companies by 6.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer's stock valued at $1,192,213,000 after purchasing an additional 330,701 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Lowe's Companies by 6.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer's stock valued at $1,242,793,000 after buying an additional 323,371 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LOW. Truist Financial raised their price target on Lowe's Companies from $264.00 to $283.00 and gave the company a "buy" rating in a report on Thursday, August 21st. UBS Group increased their target price 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. Barclays set a $267.00 price target on Lowe's Companies in a report on Thursday. Mizuho reaffirmed an "outperform" rating and set a $280.00 price objective on shares of Lowe's Companies in a report on Friday, June 13th. Finally, Gordon Haskett upgraded shares of Lowe's Companies to a "hold" rating in a research report on Wednesday, August 13th. Sixteen 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $283.92.

Insider Buying and Selling at Lowe's Companies

In other news, CEO Marvin R. Ellison sold 40,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the sale, the executive vice president owned 31,898 shares of the company's stock, valued at $7,256,795. The trade was 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.

Lowe's Companies Stock Performance

LOW stock traded down $0.45 during mid-day trading on Tuesday, reaching $258.42. 2,865,215 shares of the stock traded hands, compared to its average volume of 3,214,721. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The stock has a market capitalization of $144.83 billion, a PE ratio of 21.45, a PEG ratio of 2.40 and a beta of 0.89. The business has a 50-day moving average price of $230.95 and a two-hundred day moving average price of $230.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $23.96 billion during the quarter, compared to analysts' expectations of $23.99 billion. During the same period in the previous year, the company earned $4.10 EPS. The firm'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. On average, equities analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, July 23rd. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. Lowe's Companies's dividend payout ratio (DPR) is presently 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.