Sanctuary Advisors LLC grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 5.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 155,938 shares of the home improvement retailer’s stock after purchasing an additional 8,010 shares during the quarter. Sanctuary Advisors LLC’s holdings in Lowe’s Companies were worth $36,845,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Swiss RE Ltd. purchased a new position in Lowe’s Companies in the 4th quarter worth $25,000. Wilkerson Advisory Group LLC purchased a new stake in Lowe’s Companies during the 4th quarter valued at about $27,000. OLD Second National Bank of Aurora grew its stake in Lowe’s Companies by 52.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 42 shares during the last quarter. Sankala Group LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at about $33,000. Finally, Triumph Capital Management acquired a new position in shares of Lowe’s Companies in the third quarter valued at about $34,000. 74.06% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on LOW shares. Sanford C. Bernstein decreased their target price on Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Mizuho cut their price target on shares of Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Morgan Stanley reduced their price target on shares of Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. William Blair initiated coverage on shares of Lowe’s Companies in a report on Tuesday, May 12th. They issued an “overweight” rating on the stock. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a report on Wednesday, May 20th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $264.57.
Insider Activity at Lowe’s Companies
In related news, EVP Juliette Williams Pryor sold 9,330 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were 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. This trade represents a 36.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of Lowe’s Companies stock in a transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is owned by company insiders.
Lowe’s Companies Trading Up 0.0%
Shares of NYSE:LOW opened at $207.71 on Wednesday. Lowe’s Companies, Inc. has a 12-month low of $203.40 and a 12-month high of $293.06. The company has a market capitalization of $116.47 billion, a PE ratio of 17.56, a PEG ratio of 2.62 and a beta of 0.86. The business has a 50 day moving average of $218.22 and a two-hundred day moving average of $242.24.
Lowe’s Companies (NYSE:LOW – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.97 by $0.06. The business had revenue of $23.08 billion for 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 quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities research analysts predict that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.
Lowe’s Companies Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. 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 is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 40.57%.
About Lowe’s Companies
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.
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