Infusive Asset Management Inc. Sells 8,424 Shares of Lowe’s Companies, Inc. $LOW

Infusive Asset Management Inc. decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 35.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 15,386 shares of the home improvement retailer’s stock after selling 8,424 shares during the period. Lowe’s Companies accounts for 1.8% of Infusive Asset Management Inc.’s portfolio, making the stock its 27th largest position. Infusive Asset Management Inc.’s holdings in Lowe’s Companies were worth $3,635,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LOW. Swiss RE Ltd. purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $25,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth $27,000. OLD Second National Bank of Aurora grew its position in shares of 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 worth $29,000 after buying an additional 42 shares in the last quarter. Sankala Group LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at $33,000. Finally, Triumph Capital Management bought a new stake in shares of Lowe’s Companies in the third quarter valued at about $34,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $201.87 on Friday. The company has a market cap of $113.19 billion, a PE ratio of 17.06, a P/E/G ratio of 2.58 and a beta of 0.86. The business has a 50-day simple moving average of $215.44 and a two-hundred day simple moving average of $240.45. Lowe’s Companies, Inc. has a fifty-two week low of $199.40 and a fifty-two week high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.06. The firm had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, 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 business 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 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 2.5%. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is 42.27%.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Janice Dupre sold 14,150 shares of the business’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 sale, the executive vice president owned 39,785 shares in the company, valued at approximately $8,828,291.50. The trade was a 26.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 20,220 shares of the company’s stock, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 25,980 shares of company stock worth $5,796,937. Company insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Benchmark initiated coverage on shares of Lowe’s Companies in a research report on Tuesday, May 12th. They issued a “hold” rating for the company. Piper Sandler lowered their target price on Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Jefferies Financial Group dropped their target price on Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. William Blair assumed coverage on Lowe’s Companies in a report on Tuesday, May 12th. They issued an “overweight” rating on the stock. Finally, Weiss Ratings lowered Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $264.57.

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.