Independent Financial Group LLC Buys New Shares in Lowe’s Companies, Inc. $LOW

Independent Financial Group LLC bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 1st quarter, HoldingsChannel.com reports. The fund bought 6,081 shares of the home improvement retailer’s stock, valued at approximately $1,437,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Lowe’s Companies by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock worth $13,560,617,000 after acquiring an additional 924,625 shares during the last quarter. State Street Corp lifted its position in Lowe’s Companies by 0.5% in the third quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock valued at $6,291,867,000 after purchasing an additional 124,501 shares during the last quarter. 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 during the period. Norges Bank purchased a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $1,993,697,000. Finally, Northern Trust Corp grew its holdings in shares of 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 purchasing an additional 103,827 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.1%

NYSE LOW opened at $208.57 on Monday. The firm has a market capitalization of $116.95 billion, a PE ratio of 17.63, a P/E/G ratio of 2.64 and a beta of 0.86. The stock’s 50 day moving average is $217.04 and its 200 day moving average is $241.56. Lowe’s Companies, Inc. has a twelve month low of $203.40 and a twelve month high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The business had revenue of $23.08 billion during 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 firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current 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 paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio (DPR) is 40.57%.

Analysts Set New Price Targets

LOW has been the subject of several analyst reports. Royal Bank Of Canada dropped their price target on shares of Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating for the company in a research report on Thursday, May 21st. TD Cowen decreased their price objective on shares of Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating on the stock in a research report on Thursday, May 21st. BTIG Research downgraded shares of Lowe’s Companies to a “reduce” rating in a research note on Tuesday, May 12th. Piper Sandler dropped their target price on shares of Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Finally, Telsey Advisory Group cut their target price on Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Twenty-three investment 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Insider Buying and Selling

In related news, EVP Juliette Williams Pryor sold 9,330 shares of Lowe’s Companies stock in a transaction dated 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 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 legal filing with the SEC, which is available at this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the sale, the executive vice president directly owned 20,220 shares in the company, valued at $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 sold a total of 25,980 shares of company stock worth $5,796,937 in the last three months. 0.29% of the stock is owned by corporate insiders.

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.