J. Safra Sarasin Holding AG Purchases 2,794 Shares of Lowe’s Companies, Inc. $LOW

J. Safra Sarasin Holding AG raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,272 shares of the home improvement retailer’s stock after purchasing an additional 2,794 shares during the period. J. Safra Sarasin Holding AG’s holdings in Lowe’s Companies were worth $25,341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Swiss RE Ltd. bought a new position in shares of Lowe’s Companies in the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter worth $27,000. OLD Second National Bank of Aurora boosted 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 valued at $29,000 after buying an additional 42 shares in the last quarter. Sankala Group LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at about $33,000. Finally, Triumph Capital Management bought a new position in Lowe’s Companies in the third quarter valued at about $34,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Truist Financial dropped their target price on shares of Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Wells Fargo & Company decreased their price target on shares of Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Stifel Nicolaus lowered their price objective on shares of Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Raymond James Financial downgraded shares of Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Finally, Bank of America cut their target price on shares of Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Read Our Latest Research Report on LOW

Lowe’s Companies Trading Up 0.0%

NYSE:LOW opened at $211.69 on Monday. The stock has a market cap of $118.70 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 2.67 and a beta of 0.86. The stock’s 50-day moving average is $219.20 and its 200-day moving average is $242.73. Lowe’s Companies, Inc. has a 1-year low of $203.40 and a 1-year high of $293.06.

Lowe’s Companies (NYSE:LOWGet Free Report) last released its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.06. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The company had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the prior year, the firm posted $2.92 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities analysts forecast 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. Stockholders of record on Wednesday, July 22nd will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. Lowe’s Companies’s payout ratio is 40.57%.

Insider Activity

In related news, EVP Janice Dupre sold 14,150 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the completion of the sale, the executive vice president directly owned 39,785 shares in the company, valued at $8,828,291.50. This represents a 26.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the transaction, the executive vice president directly owned 20,220 shares of the company’s stock, valued at approximately $4,525,842.60. This represents a 11.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 25,980 shares of company stock valued at $5,796,937. Insiders own 0.29% of the company’s stock.

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.

See Also

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

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