PensionDanmark Pensionsforsikringsaktieselskab Has $19.16 Million Stock Position in Lowe’s Companies, Inc. $LOW

PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 86,874 shares of the home improvement retailer’s stock after buying an additional 8,200 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Lowe’s Companies were worth $19,155,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Swiss RE Ltd. bought a new position in Lowe’s Companies in the fourth quarter valued at $25,000. Wilkerson Advisory Group LLC bought a new stake in Lowe’s Companies during the 4th quarter worth about $27,000. OLD Second National Bank of Aurora boosted its stake in shares of Lowe’s Companies by 52.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 42 shares during the last quarter. Sankala Group LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth about $33,000. Finally, Triumph Capital Management bought a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $34,000. 74.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings lowered Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Craig Hallum upgraded Lowe’s Companies to a “buy” rating in a research note on Tuesday, May 12th. Truist Financial cut their price objective on Lowe’s Companies from $280.00 to $255.00 and set a “buy” 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. Finally, UBS Group decreased their price objective on shares of 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. Twenty-three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $263.67.

Lowe’s Companies Trading Up 2.1%

LOW stock opened at $223.03 on Friday. Lowe’s Companies, Inc. has a 1-year low of $199.40 and a 1-year high of $293.06. The business’s 50 day simple moving average is $214.99 and its 200 day simple moving average is $236.85. The firm has a market capitalization of $125.05 billion, a PE ratio of 18.85, a PEG ratio of 2.76 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.06. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The business had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter last year, the firm posted $2.92 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 12.46 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd were paid a dividend of $1.25 per share. The ex-dividend date was Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio is 42.27%.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 9,330 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 16,142 shares of the company’s stock, valued at $3,628,883.02. This represents a 36.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the completion of the transaction, the executive vice president directly owned 39,785 shares in the company, 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. In the last 90 days, insiders sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is owned by 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.