Foster & Motley Inc. Has $4.18 Million Position in Lowe’s Companies, Inc. $LOW

Foster & Motley Inc. cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 14.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,676 shares of the home improvement retailer’s stock after selling 2,923 shares during the quarter. Foster & Motley Inc.’s holdings in Lowe’s Companies were worth $4,177,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Lowe’s Companies in the fourth quarter worth $1,993,697,000. Wellington Management Group LLP grew its holdings in shares of Lowe’s Companies by 102.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock valued at $1,056,585,000 after buying an additional 2,122,622 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Lowe’s Companies by 45.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,555,565 shares of the home improvement retailer’s stock valued at $1,580,941,000 after buying an additional 2,039,343 shares during the period. J. Stern & Co. LLP increased its position in shares of Lowe’s Companies by 7,814.9% in the 4th quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer’s stock valued at $359,417,000 after buying an additional 1,471,539 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Lowe’s Companies by 207.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock valued at $517,218,000 after buying an additional 1,388,133 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lowe’s Companies

In other news, EVP Janice Dupre sold 14,150 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total value of $3,139,885.00. Following the sale, the executive vice president directly owned 39,785 shares in the company, valued at $8,828,291.50. This trade represents a 26.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the completion of the sale, the executive vice president directly owned 20,220 shares in the company, valued at approximately $4,525,842.60. This represents a 11.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 25,980 shares of company stock valued at $5,796,937 in the last ninety days. 0.29% of the stock is currently owned by corporate insiders.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $222.04 on Friday. The firm has a market cap of $124.50 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 2.80 and a beta of 0.86. The stock’s 50-day moving average is $224.70 and its 200-day moving average is $244.72. Lowe’s Companies, Inc. has a one year low of $203.40 and a one year 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%.Lowe’s Companies’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last 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, equities analysts expect that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on LOW shares. KGI Securities initiated coverage on Lowe’s Companies in a report on Tuesday, March 10th. They set a “neutral” rating and a $255.00 target price on the stock. Rothschild & Co Redburn increased their price target on Lowe’s Companies from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Stifel Nicolaus cut their price objective on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating on the stock in a report on Monday, May 18th. BTIG Research lowered Lowe’s Companies to a “reduce” rating in a research report on Tuesday, May 12th. Finally, Craig Hallum raised Lowe’s Companies to a “buy” rating in a research note on Tuesday, May 12th. 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.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

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.