Lowe’s Companies, Inc. $LOW Stake Boosted by Prudential Financial Inc.

Prudential Financial Inc. boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 826,356 shares of the home improvement retailer’s stock after purchasing an additional 5,820 shares during the quarter. Prudential Financial Inc. owned approximately 0.15% of Lowe’s Companies worth $183,344,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SeaBridge Investment Advisors LLC raised its holdings in Lowe’s Companies by 3.7% during the second quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock worth $2,859,000 after purchasing an additional 465 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Lowe’s Companies by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer’s stock valued at $34,322,000 after purchasing an additional 3,947 shares during the period. Advent Capital Management DE raised its stake in shares of Lowe’s Companies by 20.0% in the 1st quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock worth $4,198,000 after buying an additional 3,000 shares in the last quarter. Strathmore Capital Advisors Inc. bought a new stake in shares of Lowe’s Companies in the 2nd quarter worth $2,717,000. Finally, First Pacific Financial lifted its holdings in shares of Lowe’s Companies by 147.3% in the second quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock valued at $611,000 after buying an additional 1,639 shares during the period. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction that occurred 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 directly owned 21,603 shares of the company’s stock, valued at $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the 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 owned 30,099 shares in the company, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 52,931 shares of company stock worth $14,381,752 over the last ninety days. 0.27% of the stock is currently owned by insiders.

Lowe’s Companies Trading Up 2.5%

Shares of NYSE:LOW opened at $234.12 on Friday. The firm has a market cap of $131.30 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $280.64. The business has a fifty day simple moving average of $243.31 and a 200 day simple moving average of $237.49.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. During the same period in the prior year, the firm posted $2.89 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current 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 2.1%. Lowe’s Companies’s payout ratio is 39.80%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Bank of America dropped their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday. Citigroup lowered their price objective on shares of Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. Barclays set a $267.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 21st. Telsey Advisory Group reduced their target price on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Sixteen research 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.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $274.75.

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.