Lowe’s Companies, Inc. $LOW Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 31.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,358 shares of the home improvement retailer’s stock after selling 49,122 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Lowe’s Companies were worth $24,969,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Providence Wealth Advisors LLC increased its position in Lowe’s Companies by 0.5% during the 4th quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock worth $1,959,000 after purchasing an additional 36 shares in the last quarter. Rather & Kittrell Inc. lifted its holdings in Lowe’s Companies by 0.4% in the 4th quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer’s stock valued at $2,503,000 after purchasing an additional 38 shares in the last quarter. First Command Advisory Services Inc. lifted 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 valued at $711,000 after purchasing an additional 38 shares in the last quarter. Walkner Condon Financial Advisors LLC boosted its stake in shares of Lowe’s Companies by 4.3% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer’s stock worth $228,000 after purchasing an additional 39 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE grew its holdings in shares of Lowe’s Companies by 1.1% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer’s stock worth $898,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Janice Dupre sold 14,150 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total value of $3,139,885.00. Following the completion of the sale, the executive vice president owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This represents a 26.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Juliette Williams Pryor sold 9,330 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the completion of the transaction, the executive vice president directly owned 16,142 shares in the company, valued at approximately $3,628,883.02. This represents a 36.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 25,980 shares of company stock valued at $5,796,937 over the last ninety days. Corporate insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on LOW. Evercore cut their price objective on shares of Lowe’s Companies from $250.00 to $230.00 in a research report on Thursday, May 21st. Weiss Ratings lowered shares of Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Sanford C. Bernstein lowered their target price on shares of Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. BNP Paribas Exane cut their price target on Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating for the company in a report on Thursday, May 21st. Finally, BTIG Research lowered Lowe’s Companies to a “reduce” rating in a research note on Tuesday, May 12th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $264.57.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $208.57 on Friday. Lowe’s Companies, Inc. has a 1-year low of $203.40 and a 1-year high of $293.06. The firm’s 50-day simple moving average is $217.04 and its 200-day simple moving average is $241.57. The firm has a market cap of $116.95 billion, a P/E ratio of 17.63, a PEG ratio of 2.64 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 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. 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 declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be issued a $1.25 dividend. The ex-dividend date is Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a yield of 2.4%. 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.