Ransom Advisory Ltd Invests $2.64 Million in Lowe's Companies, Inc. $LOW

Key Points

• Ransom Advisory Ltd has acquired a new stake in Lowe's Companies, Inc. for approximately $2.64 million, purchasing 11,313 shares, which is now the 19th largest position in their portfolio.
• Several institutional investors have shown interest in Lowe's, with a majority owning 74.06% of the company's stock, indicating strong institutional support.
• Analyst ratings for Lowe's Companies show a consensus of "Moderate Buy" with a price target ranging from $260 to $300, suggesting positive expectations for the stock's performance.

Ransom Advisory Ltd purchased a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,313 shares of the home improvement retailer's stock, valued at approximately $2,639,000. Lowe's Companies comprises 1.3% of Ransom Advisory Ltd's portfolio, making the stock its 19th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of LOW. Wood Tarver Financial Group LLC acquired a new stake in Lowe's Companies in the fourth quarter worth $25,000. Fairway Wealth LLC bought a new stake in shares of Lowe's Companies in the 1st quarter valued at $32,000. Orion Capital Management LLC acquired a new stake in Lowe's Companies during the 4th quarter worth $36,000. Inlight Wealth Management LLC bought a new position in Lowe's Companies during the first quarter worth about $36,000. Finally, IFS Advisors LLC grew its stake in Lowe's Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 60 shares during the period. Institutional investors own 74.06% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wells Fargo & Company raised their price target on Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Stifel Nicolaus raised their target price on shares of Lowe's Companies from $240.00 to $265.00 and gave the stock a "hold" rating in a report on Monday, August 18th. Royal Bank Of Canada lifted their price target 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. KeyCorp upped their price target on shares of Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Finally, Barclays set a $267.00 price objective on shares of Lowe's Companies in a report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $284.13.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Brandon J. Sink sold 8,192 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares of the company's stock, valued at $5,802,133.74. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the sale, the executive vice president directly owned 30,099 shares of the company's stock, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,121 shares of company stock worth $13,003,146 over the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

Lowe's Companies Stock Down 1.3%

NYSE LOW opened at $269.42 on Wednesday. The firm's 50 day moving average is $240.70 and its 200-day moving average is $231.14. The company has a market capitalization of $151.10 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 2.53 and a beta of 0.87. Lowe's Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01.

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 business had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter last year, the firm earned $4.10 earnings per share. The firm's revenue for the quarter 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. As a group, sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a dividend of $0.012 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a yield of 0.0%. Lowe's Companies's dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.