S.E.E.D. Planning Group LLC Purchases 5,985 Shares of Lowe's Companies, Inc. $LOW

Key Points

• S.E.E.D. Planning Group LLC increased its stake in Lowe's Companies by 25.3%, owning a total of 29,676 shares valued at approximately $6.58 million.
• Major institutional investors such as Vanguard Group and Invesco Ltd. have also raised their stakes in Lowe's Companies, with a total of 74.06% of the stock owned by hedge funds and institutional investors.
• Insider transactions included CEO Marvin R. Ellison selling 40,000 shares for $10.56 million, reflecting a 13.84% decrease in his ownership.

S.E.E.D. Planning Group LLC boosted its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 25.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,676 shares of the home improvement retailer's stock after purchasing an additional 5,985 shares during the period. Lowe's Companies comprises 2.1% of S.E.E.D. Planning Group LLC's investment portfolio, making the stock its 20th largest position. S.E.E.D. Planning Group LLC's holdings in Lowe's Companies were worth $6,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Vertex Planning Partners LLC raised its holdings in Lowe's Companies by 2.9% in the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer's stock worth $369,000 after purchasing an additional 44 shares in the last quarter. Quadcap Wealth Management LLC grew its stake in Lowe's Companies by 0.5% in the first quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer's stock worth $2,189,000 after purchasing an additional 46 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its stake in Lowe's Companies by 0.8% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock worth $1,357,000 after purchasing an additional 47 shares during the period. Fielder Capital Group LLC grew its stake in Lowe's Companies by 5.9% in the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock worth $202,000 after purchasing an additional 48 shares during the period. Finally, Dumont & Blake Investment Advisors LLC grew its stake in Lowe's Companies by 1.1% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 4,570 shares of the home improvement retailer's stock worth $1,066,000 after purchasing an additional 49 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 929 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares of the company's stock, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the transaction, the executive vice president directly owned 66,566 shares in the company, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 in the last ninety days. Insiders own 0.27% of the company's stock.

Lowe's Companies Stock Performance

Shares of NYSE:LOW traded down $1.84 during midday trading on Friday, reaching $265.73. 831,803 shares of the company's stock traded hands, compared to its average volume of 2,699,896. The company has a market cap of $149.03 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 2.48 and a beta of 0.87. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The stock has a 50 day moving average of $246.80 and a 200 day moving average of $232.46.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Cuts Dividend

The firm also recently declared 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 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 presently 39.44%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LOW shares. Piper Sandler upped their price target on Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Mizuho boosted their target price on Lowe's Companies from $280.00 to $285.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Robert W. Baird boosted their target price on Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. boosted their target price on Lowe's Companies from $280.00 to $283.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Citigroup dropped their target price on Lowe's Companies from $253.00 to $242.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Seventeen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $285.08.

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.