UniSuper Management Pty Ltd Acquires 2,206 Shares of Lowe's Companies, Inc. $LOW

Key Points

• UniSuper Management Pty Ltd increased its holdings in Lowe's Companies, Inc. by 6.4% during the first quarter, bringing its total shares to 36,924, valued at approximately $8.6 million.
• Lowe's Companies recently reported $4.33 EPS for its quarter, exceeding estimates, with a revenue of $23.96 billion, marking a 1.6% increase compared to the previous year.
• The company announced a quarterly dividend of $0.012 per share with an ex-dividend date on October 22nd, representing a 0.0% dividend yield and a payout ratio of 39.44%.

UniSuper Management Pty Ltd increased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,924 shares of the home improvement retailer's stock after purchasing an additional 2,206 shares during the quarter. UniSuper Management Pty Ltd's holdings in Lowe's Companies were worth $8,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Second Line Capital LLC lifted 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 in the last quarter. Vertex Planning Partners LLC lifted its holdings in Lowe's Companies by 2.9% in the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer's stock valued at $369,000 after acquiring an additional 44 shares during the period. Quadcap Wealth Management LLC lifted its holdings 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 valued at $2,189,000 after acquiring an additional 46 shares during the period. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings 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 valued at $1,357,000 after acquiring an additional 47 shares during the period. Finally, Fielder Capital Group LLC lifted its holdings 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 valued at $202,000 after acquiring an additional 48 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Stock Up 2.1%

NYSE LOW opened at $270.00 on Monday. The stock's 50-day moving average price is $238.85 and its 200-day moving average price is $230.63. Lowe's Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01. The company has a market capitalization of $151.42 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data 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. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter last year, the company earned $4.10 earnings per share. The business'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. Research analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Cuts Dividend

The firm 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 is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. Lowe's Companies's dividend payout ratio (DPR) is currently 39.44%.

Insider Activity

In related news, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the executive vice president owned 30,099 shares of the company's stock, valued at $7,741,462.80. This represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on LOW. DA Davidson increased their target price on Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Sanford C. Bernstein increased their target price on Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. increased their target price on Lowe's Companies from $280.00 to $283.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Gordon Haskett raised Lowe's Companies to a "hold" rating in a report on Wednesday, August 13th. Finally, UBS Group increased their target price on Lowe's Companies from $300.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $284.13.

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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