Norinchukin Bank The Increases Position in Lowe's Companies, Inc. $LOW

Key Points

• Norinchukin Bank increased its stake in Lowe's Companies, Inc. by 15.3% in the 1st quarter, owning 30,074 shares valued at approximately $7 million.
• Lowe's Companies raised its quarterly dividend from $1.15 to $1.20 per share, reflecting an annualized dividend of $4.80 and a yield of 1.9%.
• Analysts maintain a consensus rating of "Moderate Buy" for Lowe's Companies, with an average target price of $284.33.

Norinchukin Bank The boosted its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 15.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,074 shares of the home improvement retailer's stock after buying an additional 3,985 shares during the period. Norinchukin Bank The's holdings in Lowe's Companies were worth $7,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. Gen Wealth Partners Inc lifted its position in Lowe's Companies by 1.9% during the 4th quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer's stock worth $534,000 after acquiring an additional 40 shares during the period. Second Line Capital LLC lifted its holdings in shares of Lowe's Companies by 0.9% in the 4th quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock valued at $1,183,000 after buying an additional 44 shares during the period. Vertex Planning Partners LLC lifted its holdings in shares of Lowe's Companies by 2.9% in the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer's stock valued at $369,000 after buying an additional 44 shares during the period. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in shares of Lowe's Companies by 0.8% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock valued at $1,357,000 after buying an additional 47 shares during the period. Finally, Fielder Capital Group LLC lifted its holdings in shares of Lowe's Companies by 5.9% in the 1st quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock valued at $202,000 after buying an additional 48 shares during the period. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Lowe's Companies

In other news, CEO Marvin R. Ellison sold 40,000 shares of Lowe's Companies stock in a transaction 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 $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 Securities & Exchange Commission, which is available at the SEC website. Also, EVP Juliette Williams Pryor sold 1,130 shares of Lowe's Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the completion of the sale, the executive vice president directly owned 31,898 shares of the company's stock, valued at approximately $7,256,795. This represents a 3.42% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LOW. JPMorgan Chase & Co. boosted their price objective on Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Robert W. Baird boosted their price objective on Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Stifel Nicolaus boosted their price objective on Lowe's Companies from $240.00 to $265.00 and gave the stock a "hold" rating in a research note on Monday, August 18th. Mizuho restated an "outperform" rating and issued a $280.00 price target on shares of Lowe's Companies in a research report on Friday, June 13th. Finally, Morgan Stanley dropped their price target on Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $283.92.

Lowe's Companies Stock Performance

Shares of LOW stock traded down $0.45 during mid-day trading on Tuesday, hitting $258.42. 2,862,964 shares of the stock were exchanged, compared to its average volume of 2,715,818. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The stock's fifty day simple moving average is $230.95 and its two-hundred day simple moving average is $230.06. The stock has a market capitalization of $144.83 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 2.44 and a beta of 0.89.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $23.96 billion during 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 firm's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, research 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 business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, July 23rd. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 1.9%. Lowe's Companies's dividend payout ratio (DPR) is 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.