Tandem Investment Partners LLC Has $659,000 Stock Holdings in Lowe’s Companies, Inc. $LOW

Tandem Investment Partners LLC raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 16.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,970 shares of the home improvement retailer’s stock after buying an additional 430 shares during the quarter. Tandem Investment Partners LLC’s holdings in Lowe’s Companies were worth $659,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Boston Common Asset Management LLC increased its stake in shares of Lowe’s Companies by 35.7% during the 2nd quarter. Boston Common Asset Management LLC now owns 25,233 shares of the home improvement retailer’s stock worth $5,598,000 after purchasing an additional 6,634 shares during the last quarter. 111 Capital acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth $1,328,000. Tilia Fiduciary Partners Inc. increased its stake in shares of Lowe’s Companies by 3.2% during the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 11,189 shares of the home improvement retailer’s stock worth $2,483,000 after purchasing an additional 344 shares during the last quarter. QRG Capital Management Inc. increased its stake 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 worth $34,322,000 after purchasing an additional 3,947 shares during the last quarter. Finally, Wallington Asset Management LLC increased its stake in shares of Lowe’s Companies by 0.7% during the 2nd quarter. Wallington Asset Management LLC now owns 44,498 shares of the home improvement retailer’s stock worth $9,873,000 after purchasing an additional 322 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on LOW. Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday. Truist Financial increased their price target on shares of Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. JPMorgan Chase & Co. raised their target price on shares of Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, Barclays set a $267.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 21st. Seventeen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $285.50.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the firm’s 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 sale, the executive vice president directly owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,931 shares of company stock valued at $24,945,752. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $246.24 on Friday. The company has a market cap of $138.10 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 2.28 and a beta of 0.88. The firm has a fifty day moving average price of $253.95 and a two-hundred day moving average price of $234.14. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

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.