Johnson Financial Group Inc. Buys 3,715 Shares of Lowe’s Companies, Inc. $LOW

Johnson Financial Group Inc. lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 86.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,003 shares of the home improvement retailer’s stock after buying an additional 3,715 shares during the quarter. Johnson Financial Group Inc.’s holdings in Lowe’s Companies were worth $1,891,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LOW. Natixis Advisors LLC boosted its holdings in shares of Lowe’s Companies by 3.5% in the 4th quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer’s stock worth $152,161,000 after purchasing an additional 21,119 shares in the last quarter. Bridges Investment Management Inc. raised its holdings in shares of Lowe’s Companies by 6.1% during the 4th quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer’s stock valued at $107,664,000 after buying an additional 25,609 shares in the last quarter. Glenview Trust Co lifted its position in Lowe’s Companies by 9.0% in the 4th quarter. Glenview Trust Co now owns 207,797 shares of the home improvement retailer’s stock worth $50,112,000 after buying an additional 17,225 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in Lowe’s Companies by 133.9% in the first quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer’s stock worth $2,222,000 after buying an additional 5,383 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in Lowe’s Companies by 2.3% in the fourth quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock worth $239,552,000 after buying an additional 22,175 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Juliette Williams Pryor sold 9,330 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the sale, the executive vice president directly owned 16,142 shares of the company’s stock, valued at $3,628,883.02. This trade represents a 36.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Margrethe R. Vagell sold 2,500 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the transaction, the executive vice president owned 20,220 shares in the company, valued at approximately $4,525,842.60. This represents a 11.00% decrease in their position. 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 over the last ninety days. 0.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered 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. Sanford C. Bernstein decreased their target price on shares of Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Mizuho lowered their price target on shares of Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Truist Financial lowered their price target on shares of Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Wells Fargo & Company cut their price target on shares of Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $204.76 on Tuesday. Lowe’s Companies, Inc. has a 52-week low of $203.40 and a 52-week high of $293.06. The company’s 50 day moving average price is $216.62 and its 200-day moving average price is $241.29. The stock has a market capitalization of $114.81 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 2.64 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion during the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be issued a dividend of $1.25 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 40.57%.

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.