Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 41.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,494 shares of the home improvement retailer’s stock after selling 3,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Lowe’s Companies were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the business. Providence Wealth Advisors LLC increased its holdings in shares of Lowe’s Companies by 0.5% in the fourth quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock valued at $1,959,000 after purchasing an additional 36 shares during the last quarter. Rather & Kittrell Inc. lifted its stake in shares of Lowe’s Companies by 0.4% during the 4th quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer’s stock worth $2,503,000 after buying an additional 38 shares during the last quarter. First Command Advisory Services Inc. lifted its stake in shares of Lowe’s Companies by 1.3% during the 4th quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer’s stock worth $711,000 after buying an additional 38 shares during the last quarter. Walkner Condon Financial Advisors LLC grew its stake in Lowe’s Companies by 4.3% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer’s stock valued at $228,000 after buying an additional 39 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE grew its stake in Lowe’s Companies by 1.1% in the 4th quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer’s stock valued at $898,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.
Insider Transactions at Lowe’s Companies
In other news, EVP Margrethe R. Vagell sold 2,500 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Juliette Williams Pryor sold 9,330 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the transaction, the executive vice president owned 16,142 shares in the company, valued at $3,628,883.02. The trade was a 36.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is owned by corporate insiders.
Lowe’s Companies Trading Up 0.8%
Lowe’s Companies (NYSE:LOW – Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $23.08 billion during the quarter, compared to analysts’ expectations of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.92 earnings per share. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio is currently 40.57%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on LOW. Benchmark started coverage on shares of Lowe’s Companies in a research report on Tuesday, May 12th. They set a “hold” rating for the company. DA Davidson reiterated a “neutral” rating and set a $275.00 target price on shares of Lowe’s Companies in a research note on Wednesday, May 20th. JPMorgan Chase & Co. dropped their price target on Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. BTIG Research downgraded Lowe’s Companies to a “reduce” rating in a research note on Tuesday, May 12th. Finally, William Blair initiated coverage on Lowe’s Companies in a report on Tuesday, May 12th. They issued an “overweight” rating on the stock. Twenty-three equities 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 MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $264.57.
Get Our Latest Stock Analysis on LOW
Lowe’s Companies 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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