Sawyer & Company Inc Has $1.28 Million Position in Lowe's Companies, Inc. $LOW

Key Points

• Sawyer & Company Inc increased its holdings in Lowe's by 23.2% to a total of 5,773 shares, valued at approximately $1.281 million.
• Lowe's reported a quarterly EPS of $4.33, slightly beating the consensus estimate, with a revenue of $23.96 billion, which was 1.6% higher year-over-year.
• The company announced a cut in dividend to $0.012 per share, reflecting a 0.0% yield for its investors.

Sawyer & Company Inc lifted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 23.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,773 shares of the home improvement retailer's stock after buying an additional 1,089 shares during the period. Sawyer & Company Inc's holdings in Lowe's Companies were worth $1,281,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of LOW. State of Alaska Department of Revenue grew its stake in Lowe's Companies by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer's stock valued at $29,223,000 after acquiring an additional 1,470 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Lowe's Companies by 8.1% in the 1st quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer's stock worth $3,860,000 after acquiring an additional 1,242 shares during the last quarter. Advent Capital Management DE lifted its holdings in shares of Lowe's Companies by 20.0% in the 1st quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer's stock worth $4,198,000 after acquiring an additional 3,000 shares during the last quarter. Cornerstone Wealth Group LLC lifted its holdings in shares of Lowe's Companies by 12.6% in the 1st quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer's stock worth $6,848,000 after acquiring an additional 3,295 shares during the last quarter. Finally, Community Trust & Investment Co. lifted its holdings in Lowe's Companies by 2.3% during the 1st quarter. Community Trust & Investment Co. now owns 55,502 shares of the home improvement retailer's stock worth $12,945,000 after buying an additional 1,251 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

In related news, EVP Brandon J. Sink sold 8,192 shares of the business's stock in a transaction 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 transaction, the executive vice president owned 21,603 shares of the company's stock, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business's stock in a transaction on Thursday, September 11th. The stock was 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 in the company, valued at $18,145,891.60. This trade represents a 39.69% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is owned by insiders.

Lowe's Companies Trading Down 0.7%

LOW traded down $1.89 on Friday, reaching $265.68. The company had a trading volume of 4,079,028 shares, compared to its average volume of 2,502,386. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The company has a fifty day moving average of $247.63 and a 200-day moving average of $232.57. The company has a market capitalization of $149.00 billion, a P/E ratio of 21.83, a PEG ratio of 2.45 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. The business had revenue of $23.96 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the company posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Cuts Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.0%. Lowe's Companies's payout ratio is 39.44%.

Analysts Set New Price Targets

A number of equities research analysts have commented on LOW shares. KeyCorp increased their price objective on shares of Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Piper Sandler raised their price objective on shares of Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Guggenheim reissued a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a research report on Thursday, August 21st. Wells Fargo & Company lifted their target price on shares of Lowe's Companies from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus raised their price objective on shares of Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a research note on Monday, August 18th. Seventeen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $285.08.

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.