Pacer Advisors Inc. Has $10.71 Million Position in Lowe’s Companies, Inc. $LOW

Pacer Advisors Inc. cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 20.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 44,397 shares of the home improvement retailer’s stock after selling 11,359 shares during the period. Pacer Advisors Inc.’s holdings in Lowe’s Companies were worth $10,707,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Swiss RE Ltd. bought a new stake in Lowe’s Companies in the 4th quarter valued at approximately $25,000. Wilkerson Advisory Group LLC bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $27,000. United Financial Planning Group LLC bought a new position in shares of Lowe’s Companies during the 3rd quarter worth approximately $31,000. OLD Second National Bank of Aurora raised its holdings in shares of Lowe’s Companies by 52.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 42 shares during the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity

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 sale, the executive vice president owned 16,142 shares of the company’s stock, valued at approximately $3,628,883.02. The trade was a 36.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Janice Dupre sold 14,150 shares of the company’s 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 owned 39,785 shares in the company, valued at approximately $8,828,291.50. This trade represents a 26.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of research reports. Rothschild & Co Redburn boosted their price objective on shares of Lowe’s Companies from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. KGI Securities initiated coverage on shares of Lowe’s Companies in a research report on Tuesday, March 10th. They issued a “neutral” rating and a $255.00 target price for the company. Wolfe Research set a $254.00 price target on shares of Lowe’s Companies in a research note on Thursday, May 21st. Telsey Advisory Group cut their price target on shares of Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Finally, BTIG Research cut shares of Lowe’s Companies to a “reduce” rating in a research report on Tuesday, May 12th. Twenty-three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Lowe’s Companies Trading Down 0.0%

LOW stock opened at $222.10 on Monday. The firm has a market capitalization of $124.53 billion, a PE ratio of 18.77, a PEG ratio of 2.81 and a beta of 0.87. Lowe’s Companies, Inc. has a 1-year low of $203.40 and a 1-year high of $293.06. The business’s 50 day simple moving average is $227.02 and its 200 day simple moving average is $245.52.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter in the prior year, the business earned $2.92 EPS. The firm’s revenue for the quarter 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 12.48 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be given a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, July 22nd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Lowe’s Companies’s payout ratio is currently 40.57%.

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.