Universal Beteiligungs und Servicegesellschaft mbH Purchases 22,204 Shares of Lowe’s Companies, Inc. $LOW

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 648,794 shares of the home improvement retailer’s stock after purchasing an additional 22,204 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Lowe’s Companies worth $143,948,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LOW. Westpac Banking Corp grew its holdings in shares of Lowe’s Companies by 1.1% during the second quarter. Westpac Banking Corp now owns 36,979 shares of the home improvement retailer’s stock valued at $8,205,000 after buying an additional 391 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in Lowe’s Companies in the 2nd quarter worth approximately $289,000. Summitry LLC lifted its position in Lowe’s Companies by 3.8% in the 2nd quarter. Summitry LLC now owns 349,435 shares of the home improvement retailer’s stock valued at $77,529,000 after acquiring an additional 12,912 shares in the last quarter. MTM Investment Management LLC boosted its stake in Lowe’s Companies by 1.1% during the 2nd quarter. MTM Investment Management LLC now owns 44,744 shares of the home improvement retailer’s stock valued at $9,927,000 after purchasing an additional 499 shares during the last quarter. Finally, Cornerstone Advisors LLC increased its holdings in shares of Lowe’s Companies by 115.4% in the 2nd quarter. Cornerstone Advisors LLC now owns 79,500 shares of the home improvement retailer’s stock worth $17,639,000 after purchasing an additional 42,600 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 1.7%

Lowe’s Companies stock opened at $227.59 on Friday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $280.64. The company has a market cap of $127.64 billion, a P/E ratio of 18.70, a P/E/G ratio of 2.21 and a beta of 0.87. The business has a 50-day simple moving average of $247.66 and a two-hundred day simple moving average of $237.39.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.09. The firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is 39.44%.

Insider Buying and Selling

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction dated 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 in the company, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 92,931 shares of company stock valued at $24,945,752 in the last 90 days. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their price target on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, August 21st. DA Davidson upped their target price on shares of Lowe’s Companies from $240.00 to $266.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a report on Thursday. Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Finally, Sanford C. Bernstein increased their price objective on shares of Lowe’s Companies from $279.00 to $282.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $278.91.

About Lowe’s Companies

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.