Quantinno Capital Management LP Has $93.07 Million Holdings in Lowe’s Companies, Inc. $LOW

Quantinno Capital Management LP increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 30.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 393,883 shares of the home improvement retailer’s stock after buying an additional 90,805 shares during the period. Quantinno Capital Management LP’s holdings in Lowe’s Companies were worth $93,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of LOW. Swiss RE Ltd. bought a new position in shares of Lowe’s Companies in the fourth quarter worth about $25,000. Wilkerson Advisory Group LLC bought a new stake in Lowe’s Companies during the 4th quarter valued at approximately $27,000. OLD Second National Bank of Aurora boosted its stake in 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 purchasing an additional 42 shares during the period. Sankala Group LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at approximately $33,000. Finally, Triumph Capital Management acquired a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on LOW. William Blair assumed coverage on Lowe’s Companies in a report on Tuesday, May 12th. They set an “overweight” rating for the company. Craig Hallum upgraded shares of Lowe’s Companies to a “buy” rating in a research note on Tuesday, May 12th. Morgan Stanley dropped their target price on shares of Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Raymond James Financial cut shares of Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings downgraded shares of Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Trading Up 1.9%

Shares of LOW stock opened at $211.49 on Tuesday. The stock has a 50 day moving average of $215.08 and a two-hundred day moving average of $239.94. Lowe’s Companies, Inc. has a 12 month low of $199.40 and a 12 month high of $293.06. The company has a market capitalization of $118.58 billion, a P/E ratio of 17.88, a P/E/G ratio of 2.62 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The business had revenue of $23.08 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the business posted $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Sell-side analysts predict that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal 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 issued a $1.25 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $5.00 annualized dividend and a yield of 2.4%. Lowe’s Companies’s payout ratio is presently 42.27%.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the transaction, the executive vice president owned 16,142 shares in the company, valued at approximately $3,628,883.02. This represents a 36.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Janice Dupre sold 14,150 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the transaction, the executive vice president directly owned 39,785 shares of the company’s stock, valued at $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,980 shares of company stock valued at $5,796,937 in the last 90 days. 0.29% of the stock is currently owned by company insiders.

Lowe’s Companies Company 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.