Noesis Capital Mangement Corp raised its stake in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,322 shares of the home improvement retailer’s stock after acquiring an additional 2,443 shares during the quarter. Lowe’s Companies makes up approximately 2.4% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 17th largest position. Noesis Capital Mangement Corp’s holdings in Lowe’s Companies were worth $16,379,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Swiss RE Ltd. acquired a new position in Lowe’s Companies during the 4th quarter worth approximately $25,000. Wilkerson Advisory Group LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at approximately $27,000. OLD Second National Bank of Aurora grew its stake in shares of Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 42 shares during the last quarter. Sankala Group LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth $33,000. Finally, Triumph Capital Management bought a new position in shares of Lowe’s Companies in the 3rd quarter valued at $34,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Lowe’s Companies
In other Lowe’s Companies news, EVP Janice Dupre sold 14,150 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the transaction, the executive vice president directly owned 39,785 shares in the company, valued at approximately $8,828,291.50. This represents a 26.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 9,330 shares of the firm’s stock in a transaction that occurred on 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 directly owned 16,142 shares of the company’s stock, valued at approximately $3,628,883.02. This trade represents a 36.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is currently owned by company insiders.
Lowe’s Companies Trading Up 0.8%
Lowe’s Companies (NYSE:LOW – Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $22.98 billion. During the same period in the previous year, the business earned $2.92 EPS. 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. Equities research analysts forecast that Lowe’s Companies, Inc. will post 12.48 EPS for the current fiscal 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 paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.4%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s payout ratio is presently 40.57%.
Analyst Ratings Changes
A number of brokerages have issued reports on LOW. Gordon Haskett lowered their target price on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Mizuho reduced their price target on Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. HSBC reduced their price target on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. KeyCorp dropped their price objective on shares of Lowe’s Companies from $300.00 to $275.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Finally, Robert W. Baird cut their target price on shares of Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $264.57.
Read Our Latest Analysis on Lowe’s Companies
Lowe’s Companies Company Profile
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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