Danica Pension Livsforsikringsaktieselskab Has $15.37 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

Danica Pension Livsforsikringsaktieselskab grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 312.0% in the first quarter, HoldingsChannel.com reports. The fund owned 65,061 shares of the home improvement retailer’s stock after acquiring an additional 49,271 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in Lowe’s Companies were worth $15,373,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LOW. Triad Investment Management bought a new position in Lowe’s Companies in the 1st quarter valued at about $422,000. Oslo Pensjonsforsikring AS acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at approximately $504,000. Summit Asset Management LLC lifted its holdings in shares of Lowe’s Companies by 28.5% during the 1st quarter. Summit Asset Management LLC now owns 1,200 shares of the home improvement retailer’s stock worth $284,000 after acquiring an additional 266 shares during the period. Wilkerson Advisory Group LLC lifted its stake in Lowe’s Companies by 85.1% during the first quarter. Wilkerson Advisory Group LLC now owns 211 shares of the home improvement retailer’s stock worth $50,000 after purchasing an additional 97 shares during the last quarter. Finally, Glenview Trust Co lifted its position in shares of Lowe’s Companies by 5.7% during the 1st quarter. Glenview Trust Co now owns 219,654 shares of the home improvement retailer’s stock worth $51,900,000 after buying an additional 11,857 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Lowe’s Companies news, EVP Janice Dupre sold 14,150 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 39,785 shares of the company’s stock, valued at approximately $8,828,291.50. The trade was a 26.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the sale, the executive vice president directly owned 20,220 shares of the company’s stock, valued at approximately $4,525,842.60. This trade represents a 11.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 25,980 shares of company stock worth $5,796,937 over the last three months. 0.29% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LOW has been the subject of several research reports. Weiss Ratings downgraded shares of Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Truist Financial dropped their price objective on shares of Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Mizuho cut their target price on shares of Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. UBS Group decreased their price target on shares of Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Jefferies Financial Group cut their price target on shares of Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Stock Down 0.5%

Shares of NYSE LOW opened at $203.62 on Wednesday. Lowe’s Companies, Inc. has a twelve month low of $201.88 and a twelve month high of $293.06. The firm has a fifty day simple moving average of $216.19 and a 200 day simple moving average of $241.02. The company has a market capitalization of $114.17 billion, a PE ratio of 17.21, a P/E/G ratio of 2.58 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The business had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same period in the previous year, the company posted $2.92 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s payout ratio is 40.57%.

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.