Lowe’s Companies, Inc. $LOW Shares Purchased by Schnieders Capital Management LLC

Schnieders Capital Management LLC increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 13.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,378 shares of the home improvement retailer’s stock after purchasing an additional 275 shares during the quarter. Schnieders Capital Management LLC’s holdings in Lowe’s Companies were worth $528,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LOW. Fairway Wealth LLC purchased a new stake in shares of Lowe’s Companies in the 1st quarter valued at about $32,000. Olistico Wealth LLC acquired a new position in Lowe’s Companies in the 2nd quarter valued at about $33,000. Inlight Wealth Management LLC acquired a new position in Lowe’s Companies in the 1st quarter valued at about $36,000. TruNorth Capital Management LLC acquired a new position in Lowe’s Companies in the 1st quarter valued at about $38,000. Finally, JNBA Financial Advisors increased its position in Lowe’s Companies by 147.1% in the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after acquiring an additional 100 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 40,000 shares of the company’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 sale, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. This represents a 13.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brandon J. Sink sold 8,192 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was 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 in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,931 shares of company stock worth $24,945,752. 0.27% of the stock is currently owned by insiders.

Lowe’s Companies Price Performance

LOW opened at $244.81 on Monday. The stock has a market cap of $137.30 billion, a P/E ratio of 20.12, a P/E/G ratio of 2.27 and a beta of 0.88. The stock’s 50 day simple moving average is $255.21 and its 200 day simple moving average is $234.78. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $282.70.

Lowe’s Companies (NYSE:LOW) last released its quarterly 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. The business had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

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

Analyst Ratings Changes

LOW has been the topic of several recent research reports. Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada boosted their price target on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a research report on Thursday, August 21st. Truist Financial boosted their target price on Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Oppenheimer boosted their target price on Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Finally, Piper Sandler boosted their target price on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $282.91.

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.