Lowe’s Companies, Inc. $LOW Shares Sold by London Co. of Virginia

London Co. of Virginia cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,239,707 shares of the home improvement retailer’s stock after selling 80,582 shares during the period. Lowe’s Companies makes up about 1.8% of London Co. of Virginia’s portfolio, making the stock its 19th largest holding. London Co. of Virginia’s holdings in Lowe’s Companies were worth $292,923,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LOW. Swiss RE Ltd. purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $25,000. Wilkerson Advisory Group LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $27,000. OLD Second National Bank of Aurora grew its stake in Lowe’s Companies by 52.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 42 shares during the period. Sankala Group LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at $33,000. Finally, Triumph Capital Management purchased a new stake in Lowe’s Companies in the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 9,330 shares of the stock in a transaction on 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 trade represents a 36.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the sale, the executive vice president owned 20,220 shares in the company, valued at $4,525,842.60. This trade represents a 11.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,980 shares of company stock valued at $5,796,937 over the last quarter. 0.29% of the stock is owned by insiders.

Lowe’s Companies Trading Up 2.7%

NYSE LOW opened at $207.35 on Friday. Lowe’s Companies, Inc. has a twelve month low of $199.40 and a twelve month high of $293.06. The stock has a market cap of $116.26 billion, a PE ratio of 17.53, a P/E/G ratio of 2.62 and a beta of 0.86. The stock has a fifty day simple moving average of $215.22 and a 200-day simple moving average of $240.22.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion for the quarter, compared to analysts’ expectations 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 revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Research analysts predict that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders 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 represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s payout ratio is currently 42.27%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. KeyCorp reduced their price target on shares of Lowe’s Companies from $300.00 to $275.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Evercore lowered their price objective on Lowe’s Companies from $250.00 to $230.00 in a report on Thursday, May 21st. Wells Fargo & Company cut their price objective on Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Piper Sandler reduced their target price on 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, BTIG Research downgraded 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 issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $264.57.

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.