Lowe’s Companies, Inc. $LOW Shares Bought by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,057 shares of the home improvement retailer’s stock after acquiring an additional 3,591 shares during the quarter. Lowe’s Companies accounts for about 1.7% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its 16th biggest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Lowe’s Companies were worth $18,680,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Swiss RE Ltd. acquired a new stake in Lowe’s Companies during the 4th quarter valued at approximately $25,000. Wilkerson Advisory Group LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at approximately $27,000. United Financial Planning Group LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $31,000. OLD Second National Bank of Aurora boosted its stake in shares of Lowe’s Companies by 52.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 42 shares during the last quarter. Finally, Sankala Group LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 1.3%

LOW opened at $219.68 on Tuesday. The company’s 50-day moving average price is $223.81 and its 200 day moving average price is $244.40. Lowe’s Companies, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $293.06. The firm has a market cap of $123.17 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.Lowe’s Companies’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Research analysts anticipate that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s payout ratio is presently 40.57%.

Insider Buying and Selling

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the completion of the transaction, the executive vice president owned 16,142 shares of the company’s stock, valued at approximately $3,628,883.02. The trade was a 36.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the transaction, the executive vice president owned 20,220 shares of the company’s stock, valued at $4,525,842.60. This represents a 11.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,980 shares of company stock worth $5,796,937 in the last three months. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. William Blair started coverage on shares of Lowe’s Companies in a report on Tuesday, May 12th. They set an “overweight” rating for the company. JPMorgan Chase & Co. cut their target price on shares of Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Truist Financial reduced their price target on shares of Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, UBS Group decreased their price target on Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating for the company in a research note 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 given a Sell rating to the company. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

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.