Marco Investment Management LLC Grows Stake in Lowe’s Companies, Inc. $LOW

Marco Investment Management LLC increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,473 shares of the home improvement retailer’s stock after acquiring an additional 1,400 shares during the period. Lowe’s Companies comprises about 2.0% of Marco Investment Management LLC’s investment portfolio, making the stock its 13th biggest holding. Marco Investment Management LLC’s holdings in Lowe’s Companies were worth $23,845,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC grew its position in shares of Lowe’s Companies by 3.7% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after acquiring an additional 465 shares during the period. Larson Financial Group LLC lifted its position in Lowe’s Companies by 8.1% during the first quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock valued at $3,860,000 after purchasing an additional 1,242 shares in the last quarter. Advent Capital Management DE lifted its position in Lowe’s Companies by 20.0% during the first quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock valued at $4,198,000 after purchasing an additional 3,000 shares in the last quarter. Strathmore Capital Advisors Inc. bought a new stake in Lowe’s Companies during the second quarter valued at about $2,717,000. Finally, First Pacific Financial increased its position in 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 worth $611,000 after buying an additional 1,639 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LOW shares. Sanford C. Bernstein lifted their price objective on Lowe’s Companies from $279.00 to $282.00 and gave the company an “outperform” rating in a research report on Friday. DA Davidson raised their target price on shares of Lowe’s Companies from $240.00 to $266.00 and gave the stock 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, August 21st. Gordon Haskett raised shares of Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Finally, 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. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.00.

Lowe’s Companies Stock Performance

LOW stock opened at $232.92 on Friday. The company’s fifty day moving average price is $250.65 and its 200-day moving average price is $236.87. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $280.64. The company has a market capitalization of $130.62 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results 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. The company had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe’s Companies’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

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

Insider Transactions at Lowe’s Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at $18,145,891.60. This represents a 39.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the 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 transaction, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 92,931 shares of company stock valued at $24,945,752 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

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.