InTrack Investment Management Inc Purchases 1,235 Shares of Lowe’s Companies, Inc. $LOW

InTrack Investment Management Inc increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 33.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,885 shares of the home improvement retailer’s stock after acquiring an additional 1,235 shares during the period. InTrack Investment Management Inc’s holdings in Lowe’s Companies were worth $1,084,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LOW. Nuveen LLC acquired a new stake in Lowe’s Companies in the first quarter valued at $681,215,000. Pacer Advisors Inc. increased its holdings in Lowe’s Companies by 2,984.6% in the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer’s stock valued at $475,339,000 after purchasing an additional 1,971,996 shares during the period. Assenagon Asset Management S.A. increased its holdings in Lowe’s Companies by 1,048.5% in the first quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer’s stock valued at $172,527,000 after purchasing an additional 675,318 shares during the period. Wellington Management Group LLP increased its holdings in Lowe’s Companies by 49.0% in the first quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock valued at $438,751,000 after purchasing an additional 618,775 shares during the period. Finally, Invesco Ltd. increased its holdings in Lowe’s Companies by 10.6% in the first quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock valued at $1,214,448,000 after purchasing an additional 501,154 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares of the company’s stock, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their position. The sale 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 firm’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 directly owned 66,566 shares in the company, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 in the last quarter. 0.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LOW. Mizuho increased their price objective on Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Royal Bank Of Canada increased their price target on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, August 21st. Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, August 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lowe’s Companies in a report on Wednesday. Finally, DA Davidson increased their price target on Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. Sixteen 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.13.

Lowe’s Companies Price Performance

Shares of LOW opened at $237.62 on Thursday. The stock has a 50-day moving average of $254.58 and a 200-day moving average of $234.36. The company has a market cap of $133.26 billion, a PE ratio of 19.53, a P/E/G ratio of 2.22 and a beta of 0.88. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. 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 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

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.