Lowe’s Companies, Inc. $LOW Shares Bought by Korea Investment CORP

Korea Investment CORP boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 10.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 428,289 shares of the home improvement retailer’s stock after acquiring an additional 42,241 shares during the quarter. Korea Investment CORP owned about 0.08% of Lowe’s Companies worth $95,024,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its holdings in shares of Lowe’s Companies by 8.7% in the 2nd quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 5,000 shares of the home improvement retailer’s stock worth $1,109,000 after acquiring an additional 400 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its holdings in shares of Lowe’s Companies by 22.1% during the second quarter. Elevation Point Wealth Partners LLC now owns 8,960 shares of the home improvement retailer’s stock valued at $1,988,000 after purchasing an additional 1,619 shares during the last quarter. Carlson Capital L.P. boosted its position in shares of Lowe’s Companies by 140.0% in the 2nd quarter. Carlson Capital L.P. now owns 3,600 shares of the home improvement retailer’s stock valued at $799,000 after purchasing an additional 2,100 shares during the period. GM Advisory Group LLC increased its stake in Lowe’s Companies by 17.7% in the 2nd quarter. GM Advisory Group LLC now owns 1,168 shares of the home improvement retailer’s stock worth $259,000 after purchasing an additional 176 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Lowe’s Companies by 28.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 18,654 shares of the home improvement retailer’s stock worth $4,139,000 after buying an additional 4,145 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $241.74 on Thursday. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $280.64. The firm has a market cap of $135.57 billion, a PE ratio of 19.86, a P/E/G ratio of 2.21 and a beta of 0.87. The firm’s 50 day moving average price is $241.25 and its two-hundred day moving average price is $237.76.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, beating the consensus estimate of $2.97 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 $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. During the same period in the previous year, the company posted $2.89 EPS. Lowe’s Companies’s revenue was up 3.2% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be paid a $1.20 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe’s Companies’s payout ratio is 39.80%.

Wall Street Analysts Forecast Growth

LOW has been the topic of several analyst reports. UBS Group dropped their target price on shares of Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Truist Financial reduced their price target on shares of Lowe’s Companies from $267.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. DA Davidson lowered their price objective on shares of Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Oppenheimer boosted their target price on shares of Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Finally, Bank of America reduced their target price on Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Sixteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $274.75.

Insiders Place Their Bets

In related news, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the sale, the executive vice president owned 21,603 shares of the company’s stock, valued at approximately $5,802,133.74. The trade was a 27.49% 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 Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.27% of the stock is currently owned by company insiders.

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.