Lowe’s Companies, Inc. $LOW Shares Bought by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 42,979 shares of the home improvement retailer’s stock after acquiring an additional 2,184 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Lowe’s Companies were worth $10,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Maj Invest Holding A S lifted its stake in Lowe’s Companies by 15.7% in the 3rd quarter. Maj Invest Holding A S now owns 802,990 shares of the home improvement retailer’s stock worth $201,801,000 after purchasing an additional 108,813 shares in the last quarter. Bridges Investment Management Inc. lifted its position in Lowe’s Companies by 13.4% during the third quarter. Bridges Investment Management Inc. now owns 420,832 shares of the home improvement retailer’s stock worth $105,759,000 after buying an additional 49,858 shares in the last quarter. Facet Wealth Inc. acquired a new position in Lowe’s Companies during the third quarter worth $558,000. National Pension Service grew its holdings in Lowe’s Companies by 2.7% in the 3rd quarter. National Pension Service now owns 1,286,782 shares of the home improvement retailer’s stock valued at $323,381,000 after buying an additional 33,686 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after buying an additional 17,413 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on LOW. Wolfe Research reduced their price target on Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Evercore dropped their price objective on shares of Lowe’s Companies from $270.00 to $260.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Gordon Haskett reduced their target price on shares of Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Mizuho boosted their target price on shares of Lowe’s Companies from $272.00 to $294.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, Stifel Nicolaus increased their price target on shares of Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, December 1st. Twenty-two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $289.76.

Lowe’s Companies Trading Down 2.5%

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

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.04. The company had revenue of $20.59 billion during the quarter, compared to the consensus estimate of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.Lowe’s Companies’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be issued a $1.20 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. Lowe’s Companies’s payout ratio is 40.51%.

Insiders Place Their Bets

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

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.