Canoe Financial LP Lowers Holdings in Lowe’s Companies, Inc. $LOW

Canoe Financial LP decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 19.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 44,284 shares of the home improvement retailer’s stock after selling 10,760 shares during the quarter. Canoe Financial LP’s holdings in Lowe’s Companies were worth $10,463,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Swiss RE Ltd. acquired a new stake in shares of Lowe’s Companies during the 4th quarter worth about $25,000. Wilkerson Advisory Group LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at about $27,000. United Financial Planning Group LLC purchased a new position in Lowe’s Companies during the third quarter worth about $31,000. OLD Second National Bank of Aurora boosted its stake in 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 period. Finally, Sankala Group LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the sale, the executive vice president directly owned 20,220 shares in the company, valued at $4,525,842.60. This trade represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of Lowe’s Companies stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the sale, the executive vice president directly owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This trade represents a 26.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 25,980 shares of company stock worth $5,796,937 over the last 90 days. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LOW shares. TD Cowen reduced their price target on shares of Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating on the stock in a research note on Thursday, May 21st. Wells Fargo & Company dropped their target price on shares of Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Evercore cut their target price on Lowe’s Companies from $250.00 to $230.00 in a research report on Thursday, May 21st. Bank of America decreased their price target on Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Finally, UBS Group lowered their price target on Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Stock Down 0.0%

Lowe’s Companies stock opened at $222.42 on Monday. Lowe’s Companies, Inc. has a 52-week low of $203.40 and a 52-week high of $293.06. The firm has a market cap of $124.71 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87. The company’s 50 day moving average is $224.26 and its two-hundred day moving average is $244.56.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results 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. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The business had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the previous year, the firm posted $2.92 earnings per share. The company’s quarterly 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. On average, equities research analysts anticipate 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 paid a $1.25 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s payout ratio is presently 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.