Ironwood Investment Counsel LLC Buys 1,975 Shares of Lowe’s Companies, Inc. $LOW

Ironwood Investment Counsel LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,630 shares of the home improvement retailer’s stock after purchasing an additional 1,975 shares during the period. Ironwood Investment Counsel LLC’s holdings in Lowe’s Companies were worth $5,687,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. National Pension Service increased its holdings in Lowe’s Companies by 4.3% in the 2nd quarter. National Pension Service now owns 1,253,096 shares of the home improvement retailer’s stock worth $278,024,000 after acquiring an additional 52,147 shares in the last quarter. Pioneer Trust Bank N A OR lifted its holdings in Lowe’s Companies by 0.5% during the second quarter. Pioneer Trust Bank N A OR now owns 27,220 shares of the home improvement retailer’s stock valued at $6,039,000 after purchasing an additional 125 shares in the last quarter. Advyzon Investment Management LLC boosted its position in shares of Lowe’s Companies by 30.7% in the second quarter. Advyzon Investment Management LLC now owns 1,368 shares of the home improvement retailer’s stock worth $304,000 after purchasing an additional 321 shares during the period. Tiemann Investment Advisors LLC increased its stake in shares of Lowe’s Companies by 1.7% in the second quarter. Tiemann Investment Advisors LLC now owns 6,093 shares of the home improvement retailer’s stock worth $1,352,000 after purchasing an additional 100 shares in the last quarter. Finally, Aspen Wealth Strategies LLC increased its stake in shares of Lowe’s Companies by 10.9% in the second quarter. Aspen Wealth Strategies LLC now owns 1,143 shares of the home improvement retailer’s stock worth $254,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $235.53 on Wednesday. The firm has a market capitalization of $132.09 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $280.64. The stock has a 50 day moving average price of $249.68 and a 200 day moving average price of $237.31.

Lowe’s Companies (NYSE:LOW) last released 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. 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 during the quarter, compared to analyst estimates of $23.99 billion. During the same period in the previous year, the company posted $4.10 EPS. 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. Analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Evercore ISI dropped their target price on shares of Lowe’s Companies from $245.00 to $240.00 and set an “in-line” rating for the company in a report on Tuesday. KeyCorp boosted their price objective on Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Royal Bank Of Canada increased their target price on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 21st. DA Davidson lifted their target price on Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Finally, Robert W. Baird upped their price target on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $280.50.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value 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 trade represents a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This represents a 27.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 92,931 shares of company stock worth $24,945,752. Company insiders own 0.27% of the company’s stock.

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.