Ameriprise Financial Inc. Has $602.71 Million Stock Position in Lowe’s Companies, Inc. $LOW

Ameriprise Financial Inc. boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,609,325 shares of the home improvement retailer’s stock after purchasing an additional 135,245 shares during the quarter. Ameriprise Financial Inc. owned about 0.47% of Lowe’s Companies worth $602,713,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LOW. Vanguard Group Inc. lifted its stake in shares of Lowe’s Companies by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer’s stock valued at $12,736,545,000 after acquiring an additional 230,359 shares during the last quarter. Northern Trust Corp grew its holdings in Lowe’s Companies by 16.3% in the fourth quarter. Northern Trust Corp now owns 7,074,391 shares of the home improvement retailer’s stock worth $1,745,960,000 after purchasing an additional 993,833 shares during the period. Invesco Ltd. grew its stake in shares of Lowe’s Companies by 10.6% in the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock valued at $1,214,448,000 after buying an additional 501,154 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Lowe’s Companies by 6.9% during the first quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock valued at $1,192,213,000 after acquiring an additional 330,701 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Lowe’s Companies by 6.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,035,630 shares of the home improvement retailer’s stock valued at $1,242,793,000 after purchasing an additional 323,371 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Activity at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 40,000 shares of the business’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 value of $10,564,000.00. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 1,130 shares of the 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 sale, the executive vice president directly owned 31,898 shares of the company’s stock, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Lowe’s Companies Trading Down 0.5%

LOW opened at $255.8520 on Friday. The company has a market capitalization of $143.39 billion, a PE ratio of 21.02, a PEG ratio of 2.43 and a beta of 0.89. The firm’s 50 day simple moving average is $229.15 and its two-hundred day simple moving average is $230.35. 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) last issued its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.09. The business had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities analysts forecast 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. Stockholders of record on Wednesday, July 23rd were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, July 23rd. Lowe’s Companies’s dividend payout ratio is currently 39.77%.

Analysts Set New Price Targets

LOW has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Lowe’s Companies from $245.00 to $277.00 and gave the company an “equal weight” rating in a research report on Thursday. Morgan Stanley decreased their price target on Lowe’s Companies from $300.00 to $255.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday. DA Davidson raised their target price on Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Royal Bank Of Canada raised their target price on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.33.

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.