PKS Advisory Services LLC Acquires Shares of 1,540 Lowe's Companies, Inc. $LOW

Key Points

• PKS Advisory Services LLC acquired 1,540 shares of Lowe's Companies, valued at approximately $358,000, in the first quarter, highlighting ongoing institutional interest in the retailer.
• Lowe's reported $4.33 EPS for the latest quarter, beating analyst estimates by $0.09, and is projecting FY 2025 EPS guidance in the range of 12.200-12.450.
• The company has increased its quarterly dividend from $1.15 to $1.20, offering an annualized yield of 1.9% with a 39.44% dividend payout ratio.

PKS Advisory Services LLC acquired a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,540 shares of the home improvement retailer's stock, valued at approximately $358,000.

A number of other institutional investors have also recently bought and sold shares of the business. Nuveen LLC acquired a new stake in Lowe's Companies during the first quarter worth about $681,215,000. Pacer Advisors Inc. grew its stake in Lowe's Companies by 2,984.6% during the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer's stock worth $475,339,000 after buying an additional 1,971,996 shares in the last quarter. GAMMA Investing LLC grew its stake in Lowe's Companies by 26,796.0% during the first quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer's stock worth $386,540,000 after buying an additional 1,651,170 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Lowe's Companies by 1,048.5% during the first quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer's stock worth $172,527,000 after buying an additional 675,318 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Lowe's Companies during the fourth quarter worth about $159,029,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

Shares of NYSE LOW opened at $258.42 on Wednesday. The company has a 50 day simple moving average of $231.88 and a 200 day simple moving average of $230.26. The firm has a market cap of $144.83 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 2.40 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, beating analysts' consensus estimates of $4.24 by $0.09. The business had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $4.10 EPS. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, research analysts anticipate 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 $1.20 dividend. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date was Wednesday, July 23rd. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. Lowe's Companies's dividend payout ratio (DPR) is 39.44%.

Insider Activity at Lowe's Companies

In other Lowe's Companies 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 completion of the transaction, the executive vice president owned 31,898 shares in the company, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 owned 249,043 shares of the company's stock, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LOW shares. Morgan Stanley reduced their price objective on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Barclays set a $267.00 price objective on shares of Lowe's Companies in a research note on Thursday, August 21st. JPMorgan Chase & Co. increased their price objective on shares of Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Piper Sandler raised their price target on shares of Lowe's Companies from $269.00 to $294.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Finally, Sanford C. Bernstein raised their price target on shares of Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $283.92.

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.

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