Pensionfund Sabic Takes $1.95 Million Position in Lowe’s Companies, Inc. $LOW

Pensionfund Sabic bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,100 shares of the home improvement retailer’s stock, valued at approximately $1,953,000.

Other hedge funds also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute acquired a new stake in Lowe’s Companies during the 2nd quarter worth $27,000. Activest Wealth Management increased its stake in Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 51 shares during the period. Vermillion & White Wealth Management Group LLC increased its stake in Lowe’s Companies by 128.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 76 shares during the period. United Financial Planning Group LLC purchased a new stake in shares of Lowe’s Companies in the third quarter valued at about $31,000. Finally, Triumph Capital Management acquired a new stake in shares of Lowe’s Companies during the third quarter worth about $34,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

LOW opened at $234.51 on Wednesday. The company has a market cap of $131.55 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 5.09 and a beta of 0.98. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $293.06. The business’s fifty day moving average is $264.97 and its two-hundred day moving average is $252.75.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. The business had revenue of $20.59 billion during the quarter, compared to analysts’ expectations of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 40.51%.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the transaction, the chief executive officer owned 231,043 shares in the company, valued at approximately $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of a number of research reports. Rothschild & Co Redburn raised their price target on Lowe’s Companies from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Gordon Haskett decreased their price objective on Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Evercore lowered their target price on Lowe’s Companies from $270.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. TD Cowen dropped their target price on Lowe’s Companies from $295.00 to $280.00 and set a “hold” rating on the stock in a report on Thursday, February 26th. Finally, Piper Sandler restated an “overweight” rating and set a $300.00 price target (up from $294.00) on shares of Lowe’s Companies in a research note on Thursday, February 26th. Twenty-one equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $289.76.

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.