OMERS ADMINISTRATION Corp Sells 3,016 Shares of Lowe's Companies, Inc. $LOW

Key Points

• OMERS ADMINISTRATION Corp has reduced its stake in Lowe's Companies, Inc. to approximately $132.65 million, representing about 1.2% of its investment portfolio.
• Lowe's recently declared a quarterly dividend of $1.20 per share, an increase from its previous dividend of $1.15, resulting in an annualized yield of 1.9%.
• After a recent earnings report, Lowe's Companies' stock is being positively rated by multiple analysts, with target prices raised, averaging around $283.92.

OMERS ADMINISTRATION Corp trimmed its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 568,742 shares of the home improvement retailer's stock after selling 3,016 shares during the period. Lowe's Companies comprises 1.2% of OMERS ADMINISTRATION Corp's holdings, making the stock its 28th largest position. OMERS ADMINISTRATION Corp owned approximately 0.10% of Lowe's Companies worth $132,648,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Truvestments Capital LLC boosted its stake in shares of Lowe's Companies by 27.8% during the 1st quarter. Truvestments Capital LLC now owns 1,328 shares of the home improvement retailer's stock worth $310,000 after buying an additional 289 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in Lowe's Companies in the 1st quarter valued at about $177,000. B. Metzler seel. Sohn & Co. AG lifted its stake in Lowe's Companies by 14.9% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 53,861 shares of the home improvement retailer's stock valued at $12,562,000 after purchasing an additional 6,986 shares during the last quarter. TCM Advisors LLC lifted its stake in Lowe's Companies by 1.9% in the 1st quarter. TCM Advisors LLC now owns 5,376 shares of the home improvement retailer's stock valued at $1,254,000 after purchasing an additional 100 shares during the last quarter. Finally, Quadcap Wealth Management LLC lifted its stake in Lowe's Companies by 0.5% in the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer's stock valued at $2,189,000 after purchasing an additional 46 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 1,130 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president directly owned 31,898 shares of the company's stock, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm'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 transaction of $10,564,000.00. Following the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,059 shares of company stock worth $11,060,014 over the last ninety days. Insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup cut their target price on shares of 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. Barclays set a $267.00 target price on shares of Lowe's Companies in a research note on Thursday, August 21st. Telsey Advisory Group reiterated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research note on Thursday, August 21st. Morgan Stanley cut their target price on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Royal Bank Of Canada raised their target price on shares of Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a research note on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $284.13.

Lowe's Companies Trading Up 0.4%

LOW stock traded up $1.00 during mid-day trading on Friday, hitting $258.54. 2,177,553 shares of the company were exchanged, compared to its average volume of 3,220,431. The business has a 50 day simple moving average of $234.70 and a 200-day simple moving average of $230.34. The stock has a market capitalization of $144.89 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 2.39 and a beta of 0.89. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.09. The firm 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 business's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities research analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Cuts Dividend

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 issued a dividend of $0.012 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. Lowe's Companies's dividend payout ratio is presently 39.44%.

Lowe's Companies 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.