Pensionfund Sabic Has $1.89 Million Stock Position in Lowe's Companies, Inc. $LOW

Key Points

• Pensionfund Sabic reduced its stake in Lowe's Companies by 15.6%, holding a total of 8,100 shares valued at $1.89 million as of the latest filing.
• Insider sales at Lowe's included EVP Brandon J. Sink selling 8,192 shares and EVP Joseph Michael Mcfarland selling 43,810 shares, resulting in significant decreases in their positions.
• Analyst ratings for Lowe's show a consensus of "Moderate Buy" with an average price target of $284.13, with 16 analysts rating it a Buy.

Pensionfund Sabic lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 15.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,100 shares of the home improvement retailer's stock after selling 1,500 shares during the period. Pensionfund Sabic's holdings in Lowe's Companies were worth $1,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Second Line Capital LLC raised its holdings in shares of Lowe's Companies by 0.9% during the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock valued at $1,183,000 after purchasing an additional 44 shares during the period. Vertex Planning Partners LLC raised its holdings in shares of Lowe's Companies by 2.9% during the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer's stock valued at $369,000 after purchasing an additional 44 shares during the period. Quadcap Wealth Management LLC raised its holdings in shares of Lowe's Companies by 0.5% during the first 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 period. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Lowe's Companies by 0.8% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock valued at $1,357,000 after purchasing an additional 47 shares during the period. Finally, Fielder Capital Group LLC raised its holdings in shares of Lowe's Companies by 5.9% during the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock valued at $202,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the transaction, the executive vice president directly owned 21,603 shares of the company's stock, valued at $5,802,133.74. This represents a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 66,566 shares of the company's stock, valued at $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,931 shares of company stock valued at $24,945,752 over the last quarter. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LOW. 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. DA Davidson boosted their price objective on Lowe's Companies from $240.00 to $266.00 and gave the stock a "neutral" 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 report on Thursday, August 21st. Royal Bank Of Canada boosted their price objective on Lowe's Companies from $243.00 to $260.00 and gave the stock a "sector perform" rating in a report on Thursday, August 21st. Finally, Sanford C. Bernstein boosted their price objective on Lowe's Companies from $266.00 to $279.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and an average price target of $284.13.

Lowe's Companies Stock Performance

Shares of LOW stock opened at $271.89 on Friday. Lowe's Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01. The company has a 50-day simple moving average of $243.26 and a two-hundred day simple moving average of $231.83. The company has a market capitalization of $152.48 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.52 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating 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 the consensus estimate of $23.99 billion. During the same period in the prior year, the firm earned $4.10 EPS. The company's revenue 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, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Cuts Dividend

The business 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 $0.012 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio is currently 39.44%.

About Lowe's Companies

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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