Sentry Investment Management LLC Acquires 732 Shares of Lowe’s Companies, Inc. $LOW

Sentry Investment Management LLC increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 430.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 902 shares of the home improvement retailer’s stock after purchasing an additional 732 shares during the period. Sentry Investment Management LLC’s holdings in Lowe’s Companies were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president owned 21,603 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the transaction, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. The trade was a 39.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 over the last ninety days. 0.27% of the stock is owned by insiders.

Lowe’s Companies Trading Up 0.7%

LOW stock opened at $244.81 on Monday. The firm’s 50-day moving average price is $255.21 and its two-hundred day moving average price is $234.78. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $282.70. The stock has a market capitalization of $137.30 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.27 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter in the previous year, the company earned $4.10 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed 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. 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 payout ratio is presently 39.44%.

Analysts Set New Price Targets

Several analysts have recently weighed in on LOW shares. Barclays set a $267.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. Wells Fargo & Company raised their price objective on shares of Lowe’s Companies from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. UBS Group raised their price objective on shares of Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Gordon Haskett upgraded shares of Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Finally, Stifel Nicolaus lifted their target price on shares of Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research report on Monday, August 18th. Sixteen equities 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 data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $282.91.

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.