Lowe’s Companies, Inc. $LOW Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 494,513 shares of the home improvement retailer’s stock after selling 18,578 shares during the period. Lowe’s Companies makes up about 1.5% of Bartlett & CO. Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. Bartlett & CO. Wealth Management LLC’s holdings in Lowe’s Companies were worth $111,182,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Swiss RE Ltd. acquired a new stake in Lowe’s Companies during the 4th quarter worth approximately $25,000. Wilkerson Advisory Group LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $27,000. OLD Second National Bank of Aurora raised its stake in shares of Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 42 shares during the last quarter. Sankala Group LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $33,000. Finally, Triumph Capital Management purchased a new stake in shares of Lowe’s Companies during the third quarter worth approximately $34,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their price objective on shares of Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Citigroup upgraded shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 price objective for the company in a research report on Tuesday, May 12th. TD Cowen reduced their target price on shares of Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. Morgan Stanley lowered their target price on shares of Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Finally, Craig Hallum upgraded shares of Lowe’s Companies to a “buy” 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Lowe’s Companies Stock Down 3.5%

Shares of NYSE LOW opened at $208.57 on Friday. The stock has a market capitalization of $116.95 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86. Lowe’s Companies, Inc. has a 52 week low of $203.40 and a 52 week high of $293.06. The firm has a 50-day moving average price of $217.04 and a 200 day moving average price of $241.57.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same period in the prior year, the business posted $2.92 earnings per share. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities research analysts expect that Lowe’s Companies, Inc. will post 12.48 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The company 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 represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s payout ratio is currently 40.57%.

Insider Buying and Selling

In related news, EVP Juliette Williams Pryor sold 9,330 shares of the firm’s stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of Lowe’s Companies stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the transaction, the executive vice president directly owned 39,785 shares of the company’s stock, valued at approximately $8,828,291.50. This represents a 26.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 25,980 shares of company stock worth $5,796,937 in the last quarter. Company insiders own 0.29% of the company’s stock.

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.