Hardin Capital Partners LLC Has $103.68 Million Holdings in Lowe’s Companies, Inc. $LOW

Hardin Capital Partners LLC boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 24.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 429,902 shares of the home improvement retailer’s stock after purchasing an additional 84,588 shares during the period. Lowe’s Companies makes up 49.0% of Hardin Capital Partners LLC’s holdings, making the stock its largest holding. Hardin Capital Partners LLC’s holdings in Lowe’s Companies were worth $103,675,000 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. Waterloo Capital L.P. boosted its stake in Lowe’s Companies by 1.2% during the second quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock valued at $767,000 after buying an additional 41 shares during the period. TruWealth Advisors LLC increased its stake in Lowe’s Companies by 2.7% in the 3rd quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock worth $397,000 after acquiring an additional 42 shares during the last quarter. Cypress Wealth Services LLC increased its stake in Lowe’s Companies by 2.0% in the 3rd quarter. Cypress Wealth Services LLC now owns 2,191 shares of the home improvement retailer’s stock worth $551,000 after acquiring an additional 42 shares during the last quarter. Hidden Cove Wealth Management LLC raised its holdings in shares of Lowe’s Companies by 4.6% in the 3rd quarter. Hidden Cove Wealth Management LLC now owns 960 shares of the home improvement retailer’s stock valued at $241,000 after acquiring an additional 42 shares in the last quarter. Finally, Roble Belko & Company Inc raised its holdings in shares of Lowe’s Companies by 21.4% in the 3rd quarter. Roble Belko & Company Inc now owns 250 shares of the home improvement retailer’s stock valued at $63,000 after acquiring an additional 44 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 2.0%

Lowe’s Companies stock opened at $225.03 on Monday. The firm has a fifty day simple moving average of $266.50 and a two-hundred day simple moving average of $253.22. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $293.06. The company has a market capitalization of $126.23 billion, a PE ratio of 18.99, a P/E/G ratio of 4.88 and a beta of 0.98.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. The firm had revenue of $20.58 billion for the quarter, compared to analysts’ expectations of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.51%.

Insider Buying and Selling

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the transaction, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at $60,341,500.31. The trade was a 7.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on LOW. The Goldman Sachs Group boosted their price target on shares of Lowe’s Companies from $283.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Guggenheim lifted their price objective on shares of Lowe’s Companies from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Telsey Advisory Group upped their target price on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. DA Davidson reissued a “neutral” rating and issued a $275.00 target price on shares of Lowe’s Companies in a research note on Thursday, February 26th. Finally, Barclays upgraded Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 price target on the stock in a research report on Wednesday, January 7th. Twenty-one investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.76.

Lowe’s Companies Company 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.