Lowe’s Companies, Inc. $LOW Shares Purchased by National Pension Service

National Pension Service increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,387,918 shares of the home improvement retailer’s stock after purchasing an additional 37,378 shares during the period. National Pension Service’s holdings in Lowe’s Companies were worth $306,022,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Cidel Asset Management Inc. boosted its position in shares of Lowe’s Companies by 8.3% during the second quarter. Cidel Asset Management Inc. now owns 5,917 shares of the home improvement retailer’s stock worth $1,305,000 after buying an additional 452 shares during the period. Plimoth Trust Co. LLC raised its holdings in shares of Lowe’s Companies by 2.0% in the 2nd quarter. Plimoth Trust Co. LLC now owns 16,464 shares of the home improvement retailer’s stock valued at $3,630,000 after buying an additional 320 shares during the period. Capital Analysts LLC raised its holdings in shares of Lowe’s Companies by 3.6% in the 2nd quarter. Capital Analysts LLC now owns 20,941 shares of the home improvement retailer’s stock valued at $4,618,000 after buying an additional 724 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Lowe’s Companies by 10.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 19,825 shares of the home improvement retailer’s stock worth $4,371,000 after acquiring an additional 1,950 shares in the last quarter. Finally, RFG Advisory LLC lifted its stake in Lowe’s Companies by 8.2% during the 2nd quarter. RFG Advisory LLC now owns 7,384 shares of the home improvement retailer’s stock worth $1,628,000 after acquiring an additional 557 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Janice Dupré sold 14,150 shares of Lowe’s Companies stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the completion of the sale, the executive vice president directly owned 39,785 shares of the company’s stock, valued at approximately $8,828,291.50. The trade was a 26.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Juliette Pryor sold 9,330 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 25,980 shares of company stock worth $5,796,937 in the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $198.59 on Thursday. The company has a market cap of $111.42 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 2.67 and a beta of 0.85. The stock’s 50-day moving average is $212.28 and its two-hundred day moving average is $225.83. Lowe’s Companies, Inc. has a 1-year low of $197.14 and a 1-year high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.22 by $0.18. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The business had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter last year, the business posted $4.33 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be paid a $1.25 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. Lowe’s Companies’s payout ratio is currently 42.27%.

Wall Street Analysts Forecast Growth

LOW has been the subject of several research reports. DA Davidson reaffirmed a “neutral” rating and issued a $245.00 target price on shares of Lowe’s Companies in a research report on Wednesday, August 19th. Bank of America cut their price target on shares of 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. Guggenheim lowered their price objective on shares of Lowe’s Companies from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, August 21st. The Goldman Sachs Group dropped their price objective on shares of Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Wolfe Research set a $254.00 price objective on shares of Lowe’s Companies in a report on Thursday, May 21st. Twenty-three 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.63.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.