Mn Services Vermogensbeheer B.V. Buys 3,748 Shares of Lowe’s Companies, Inc. $LOW

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 216,793 shares of the home improvement retailer’s stock after purchasing an additional 3,748 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Lowe’s Companies were worth $52,282,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Howard Hughes Medical Institute bought a new stake in Lowe’s Companies during the second quarter worth about $27,000. Activest Wealth Management grew its stake in Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 51 shares in the last quarter. United Financial Planning Group LLC bought a new position in Lowe’s Companies in the 3rd quarter valued at about $31,000. Triumph Capital Management acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $34,000. Finally, Guerra Advisors Inc acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $35,000. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on LOW shares. Sanford C. Bernstein reduced their price target on shares of Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Gordon Haskett lowered their price objective on shares of Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Mizuho upped their target price on Lowe’s Companies from $272.00 to $294.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Truist Financial reduced their target price on Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Wells Fargo & Company lifted their price target on Lowe’s Companies from $280.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Twenty-two investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.76.

Insider Buying and Selling at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the firm’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 value of $4,701,060.00. Following the completion of the transaction, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. This trade represents a 7.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Price Performance

LOW stock opened at $232.35 on Tuesday. The stock has a market cap of $130.13 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 5.00 and a beta of 0.98. The company has a 50 day simple moving average of $261.52 and a 200 day simple moving average of $251.72. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. The firm had revenue of $20.59 billion for the quarter, compared to analysts’ expectations of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS 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 paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.51%.

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.