Lowe’s Companies, Inc. $LOW Position Increased by Weiss Asset Management LP

Weiss Asset Management LP raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 37.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 12,432 shares of the home improvement retailer’s stock after buying an additional 3,385 shares during the quarter. Weiss Asset Management LP’s holdings in Lowe’s Companies were worth $2,937,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LOW. Providence Wealth Advisors LLC raised its holdings in shares of Lowe’s Companies by 0.5% during the fourth quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock valued at $1,959,000 after buying an additional 36 shares during the last quarter. Rather & Kittrell Inc. boosted its position in shares of Lowe’s Companies by 0.4% during the fourth quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer’s stock worth $2,503,000 after buying an additional 38 shares during the period. First Command Advisory Services Inc. grew its holdings in Lowe’s Companies by 1.3% in the 4th quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer’s stock worth $711,000 after buying an additional 38 shares in the last quarter. Walkner Condon Financial Advisors LLC grew its holdings in Lowe’s Companies by 4.3% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer’s stock worth $228,000 after buying an additional 39 shares in the last quarter. Finally, Smithbridge Asset Management Inc. DE increased its position in Lowe’s Companies by 1.1% in the 4th quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer’s stock valued at $898,000 after acquiring an additional 39 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Trading Down 0.1%

Shares of NYSE LOW opened at $207.35 on Monday. Lowe’s Companies, Inc. has a twelve month low of $199.40 and a twelve month high of $293.06. The firm has a 50-day moving average of $215.22 and a two-hundred day moving average of $240.18. The company has a market capitalization of $116.26 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 2.62 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (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 company had revenue of $23.08 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter in the previous year, the company posted $2.92 EPS. The business’s 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. As a group, research analysts predict that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.4%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.27%.

Insider Buying and Selling at Lowe’s Companies

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on LOW shares. Gordon Haskett cut their target price on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Mizuho reduced their price objective on shares of Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. William Blair initiated coverage on shares of Lowe’s Companies in a research report on Tuesday, May 12th. They issued an “overweight” rating for the company. Robert W. Baird dropped their price target on shares of Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Finally, KeyCorp reduced their price target on shares of Lowe’s Companies from $300.00 to $275.00 and set an “overweight” rating for the company in a research note 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, the company presently has an average rating of “Moderate Buy” and an average 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.