IFP Advisors Inc Has $4.84 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

IFP Advisors Inc increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 63.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,369 shares of the home improvement retailer’s stock after acquiring an additional 8,322 shares during the period. IFP Advisors Inc’s holdings in Lowe’s Companies were worth $4,844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in LOW. Nuveen LLC acquired a new stake in Lowe’s Companies in the first quarter valued at approximately $681,215,000. Pacer Advisors Inc. boosted its position in Lowe’s Companies by 2,984.6% in the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer’s stock valued at $475,339,000 after buying an additional 1,971,996 shares in the last quarter. Wellington Management Group LLP boosted its position in Lowe’s Companies by 49.0% in the first quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock valued at $438,751,000 after buying an additional 618,775 shares in the last quarter. Invesco Ltd. boosted its position in Lowe’s Companies by 10.6% in the first 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Lowe’s Companies by 6.9% in 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 buying an additional 330,701 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the transaction, the executive vice president owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the transaction, the executive vice president directly 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. Insiders sold 92,931 shares of company stock worth $24,945,752 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Down 1.3%

Shares of NYSE LOW opened at $234.59 on Friday. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $287.01. The firm has a fifty day simple moving average of $254.80 and a 200 day simple moving average of $234.37. The company has a market capitalization of $131.57 billion, a PE ratio of 19.28, a P/E/G ratio of 2.20 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping 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. Lowe’s Companies’s quarterly revenue was up 1.6% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Citigroup cut their target price on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. UBS Group lifted their price target on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. DA Davidson lifted their price target on shares of Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus lifted their price target 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. Sixteen 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $283.13.

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.