Generate Investment Management Ltd Takes $3.62 Million Position in Lowe’s Companies, Inc. $LOW

Generate Investment Management Ltd purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,996 shares of the home improvement retailer’s stock, valued at approximately $3,616,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Lowe’s Companies by 0.6% during the third quarter. Vanguard Group Inc. now owns 55,306,162 shares of the home improvement retailer’s stock valued at $13,898,992,000 after buying an additional 329,807 shares in the last quarter. State Street Corp lifted its holdings in Lowe’s Companies by 0.5% during the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock worth $6,291,867,000 after buying an additional 124,501 shares during the last quarter. Norges Bank acquired a new position in shares of Lowe’s Companies in the 2nd quarter worth approximately $1,773,624,000. Northern Trust Corp grew its position in shares of Lowe’s Companies by 1.5% in the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock worth $1,716,467,000 after acquiring an additional 103,827 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Lowe’s Companies by 5.2% in the 3rd quarter. Invesco Ltd. now owns 4,830,373 shares of the home improvement retailer’s stock valued at $1,213,921,000 after acquiring an additional 240,123 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the sale, the chief executive officer owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is currently owned by company insiders.

Lowe’s Companies Trading Down 2.5%

Shares of NYSE LOW opened at $230.07 on Friday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $293.06. The company has a market cap of $128.85 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 5.13 and a beta of 0.98. The stock’s 50 day simple moving average is $262.43 and its 200 day simple moving average is $252.23.

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

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio is currently 40.51%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Mizuho upped their price target on Lowe’s Companies from $272.00 to $294.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Gordon Haskett lowered their target price on shares of Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. JPMorgan Chase & Co. increased their target price on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Wolfe Research reduced their price target on shares of Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Finally, Guggenheim lifted their price target on shares of Lowe’s Companies from $280.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Twenty-two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.