Carnegie Investment Counsel Sells 5,219 Shares of Lowe’s Companies, Inc. $LOW

Carnegie Investment Counsel trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 3.3% in the 1st quarter, Holdings Channel reports. The firm owned 153,613 shares of the home improvement retailer’s stock after selling 5,219 shares during the quarter. Carnegie Investment Counsel’s holdings in Lowe’s Companies were worth $36,296,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Swiss RE Ltd. purchased a new stake in Lowe’s Companies in the 4th quarter valued at about $25,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $27,000. OLD Second National Bank of Aurora grew its stake in Lowe’s Companies by 52.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 42 shares in the last quarter. United Financial Planning Group LLC bought a new stake in Lowe’s Companies during the 3rd quarter valued at $31,000. Finally, Sankala Group LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth $33,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the sale, the executive vice president owned 16,142 shares in the company, valued at approximately $3,628,883.02. The trade was a 36.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the completion of the transaction, the executive vice president directly owned 39,785 shares of the company’s stock, valued at $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LOW. Mizuho cut their price target on Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Telsey Advisory Group dropped their target price on shares of Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Gordon Haskett cut their target price on shares of Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. TD Cowen dropped their price objective on shares of Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating on the stock in a research note on Thursday, May 21st. Finally, DA Davidson reissued a “neutral” rating and set a $275.00 price objective on shares of Lowe’s Companies in a report on Wednesday, May 20th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $264.57.

Check Out Our Latest Report on Lowe’s Companies

Lowe’s Companies Price Performance

NYSE LOW traded down $1.31 on Friday, hitting $211.69. The stock had a trading volume of 2,164,000 shares, compared to its average volume of 2,675,786. The business’s fifty day moving average price is $219.20 and its 200 day moving average price is $242.73. Lowe’s Companies, Inc. has a 52-week low of $203.40 and a 52-week high of $293.06. The stock has a market cap of $118.70 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 2.67 and a beta of 0.86.

Lowe’s Companies (NYSE:LOWGet Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating the consensus estimate of $2.97 by $0.06. The firm had revenue of $23.08 billion during the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be issued a $1.25 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is 40.57%.

Lowe’s Companies Company Profile

(Free Report)

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.

Further Reading

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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