Pacer Advisors Inc. Sells 16,063 Shares of Lowe’s Companies, Inc. $LOW

Pacer Advisors Inc. decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 36.2% in the 1st quarter, HoldingsChannel reports. The firm owned 28,334 shares of the home improvement retailer’s stock after selling 16,063 shares during the quarter. Pacer Advisors Inc.’s holdings in Lowe’s Companies were worth $6,695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 acquired a new position in Lowe’s Companies during the 4th quarter worth about $27,000. OLD Second National Bank of Aurora increased its stake in shares of Lowe’s Companies by 52.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 42 shares during the period. Sankala Group LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $33,000. Finally, Triumph Capital Management bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at $34,000. 74.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 9,330 shares of the company’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 transaction, the executive vice president directly owned 16,142 shares in the company, valued at $3,628,883.02. This represents a 36.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of the firm’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 completion of the sale, the executive vice president directly owned 20,220 shares in the company, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,980 shares of company stock worth $5,796,937 in the last ninety days. 0.29% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on LOW shares. Bank of America reduced their price target on shares of Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Benchmark started coverage on shares of Lowe’s Companies in a research note on Tuesday, May 12th. They issued a “hold” rating for the company. Wolfe Research set a $254.00 target price on Lowe’s Companies in a research note on Thursday, May 21st. UBS Group decreased their price target on 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, Telsey Advisory Group cut their price objective on Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $263.67.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $219.98 on Thursday. The stock has a market capitalization of $123.35 billion, a PE ratio of 18.60, a P/E/G ratio of 2.76 and a beta of 0.86. Lowe’s Companies, Inc. has a one year low of $199.40 and a one year high of $293.06. The business’s fifty day moving average price is $214.80 and its 200-day moving average price is $237.37.

Lowe’s Companies (NYSE:LOW) last released 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 firm 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 business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.92 EPS. 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 12.46 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd were given a dividend of $1.25 per share. The ex-dividend date was 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 2.3%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.27%.

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.