Dearborn Partners LLC Makes New $834,000 Investment in Lowe’s Companies, Inc. $LOW

Dearborn Partners LLC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,529 shares of the home improvement retailer’s stock, valued at approximately $834,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its position in Lowe’s Companies by 1.8% during the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after purchasing an additional 714,092 shares during the period. State Street Corp lifted its position in shares of Lowe’s Companies by 0.5% in the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock worth $6,291,867,000 after purchasing an additional 124,501 shares during the period. Geode Capital Management LLC boosted its stake in shares of Lowe’s Companies by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock valued at $3,201,329,000 after purchasing an additional 887,579 shares in the last quarter. Norges Bank purchased a new position in Lowe’s Companies during the fourth quarter valued at approximately $1,993,697,000. Finally, Northern Trust Corp raised its stake in Lowe’s Companies by 1.5% in the third quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock worth $1,716,467,000 after buying an additional 103,827 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. UBS Group reduced their price target on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Morgan Stanley restated an “overweight” rating on shares of Lowe’s Companies in a research note on Thursday, August 20th. HSBC cut their target price on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating on the stock in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group reduced their target price 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. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $258.53.

Insider Transactions at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 9,330 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the completion of the sale, the executive vice president owned 20,220 shares of the company’s stock, valued at $4,525,842.60. This trade represents a 11.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 25,980 shares of company stock worth $5,796,937. Insiders own 0.29% of the company’s stock.

Lowe’s Companies Trading Up 0.7%

Shares of LOW opened at $208.20 on Friday. The firm has a market cap of $116.74 billion, a PE ratio of 17.60, a P/E/G ratio of 2.75 and a beta of 0.86. Lowe’s Companies, Inc. has a 12 month low of $199.40 and a 12 month high of $293.06. The stock has a fifty day moving average price of $215.10 and a 200-day moving average price of $230.79.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.22 by $0.18. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The firm had revenue of $25.96 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the business earned $4.33 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 12.26 EPS for the current year.

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.