Police & Firemen s Retirement System of New Jersey Acquires 3,122 Shares of Lowe’s Companies, Inc. $LOW

Police & Firemen s Retirement System of New Jersey lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,186 shares of the home improvement retailer’s stock after purchasing an additional 3,122 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Lowe’s Companies were worth $18,900,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Solstein Capital LLC increased its holdings in shares of Lowe’s Companies by 627.8% during the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 113 shares in the last quarter. Olistico Wealth LLC bought a new stake in Lowe’s Companies during the 2nd quarter valued at about $33,000. Barnes Dennig Private Wealth Management LLC raised its holdings in Lowe’s Companies by 101.0% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock worth $43,000 after buying an additional 97 shares during the last quarter. Vista Cima Wealth Management LLC bought a new position in shares of Lowe’s Companies in the first quarter worth approximately $44,000. Finally, Orion Capital Management LLC grew its holdings in shares of Lowe’s Companies by 34.2% during the first quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock valued at $46,000 after buying an additional 50 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on 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 sale, the executive vice president directly owned 66,566 shares in the company, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the sale, 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 position. 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 ninety days. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $234.75 on Thursday. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $280.64. The company’s fifty day moving average price is $249.17 and its 200-day moving average price is $237.29. The company has a market capitalization of $131.65 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.21 and a beta of 0.87.

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

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

Wall Street Analyst Weigh In

A number of research firms have commented on LOW. Mizuho lifted their target price on Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Stifel Nicolaus boosted their target price on Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research report on Monday, August 18th. Guggenheim reaffirmed a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, August 21st. Barclays set a $267.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 21st. Finally, Sanford C. Bernstein raised their target price on shares of Lowe’s Companies from $279.00 to $282.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Sixteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $280.50.

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.