Maj Invest Holding A S lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 694,177 shares of the home improvement retailer's stock after selling 9,374 shares during the period. Lowe's Companies makes up 5.4% of Maj Invest Holding A S's investment portfolio, making the stock its 9th biggest holding. Maj Invest Holding A S owned about 0.12% of Lowe's Companies worth $154,016,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new position in Lowe's Companies during the 1st quarter worth approximately $32,000. Olistico Wealth LLC acquired a new stake in Lowe's Companies in the second quarter valued at approximately $33,000. TruNorth Capital Management LLC bought a new stake in shares of Lowe's Companies during the first quarter valued at approximately $38,000. JNBA Financial Advisors raised its position in shares of Lowe's Companies by 147.1% during the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer's stock worth $39,000 after purchasing an additional 100 shares during the period. Finally, Vista Cima Wealth Management LLC bought a new position in shares of Lowe's Companies in the 1st quarter worth $44,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Lowe's Companies news, EVP Brandon J. Sink sold 8,192 shares of Lowe's Companies stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the sale, the executive vice president owned 21,603 shares of the company's stock, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $11,942,606.00. Following the completion of the transaction, the executive vice president owned 66,566 shares in the company, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
LOW has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price target on shares of Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a research note on Monday, August 18th. DA Davidson lifted their price objective on shares of Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Truist Financial upped their target price on shares of Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. KeyCorp raised their price target on shares of Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, Citigroup cut their price target on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $282.91.
View Our Latest Stock Report on Lowe's Companies
Lowe's Companies Stock Performance
Shares of LOW stock opened at $242.50 on Tuesday. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $282.70. The company has a 50-day simple moving average of $255.26 and a two-hundred day simple moving average of $234.91. The company has a market capitalization of $136.00 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.27 and a beta of 0.88.
Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $4.24 by $0.09. The firm had revenue of $23.96 billion for the quarter, compared to the consensus estimate 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 revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.
Lowe's Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe's Companies's dividend payout ratio (DPR) is currently 39.44%.
Lowe's Companies Profile
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Free Report)
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.
See Also
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