Summitry LLC Sells 2,563 Shares of Lowe’s Companies, Inc. $LOW

Summitry LLC reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 364,841 shares of the home improvement retailer’s stock after selling 2,563 shares during the period. Lowe’s Companies makes up approximately 3.0% of Summitry LLC’s investment portfolio, making the stock its 5th biggest position. Summitry LLC’s holdings in Lowe’s Companies were worth $86,205,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Wellington Grp LLC grew its stake in Lowe’s Companies by 50.0% during the 1st quarter. Wellington Grp LLC now owns 285 shares of the home improvement retailer’s stock valued at $67,000 after purchasing an additional 95 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new stake in Lowe’s Companies during the 1st quarter worth approximately $93,000. FinArc Investments Inc. acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at approximately $2,951,000. Western Wealth Management LLC raised its position in shares of Lowe’s Companies by 11.6% in the 1st quarter. Western Wealth Management LLC now owns 9,480 shares of the home improvement retailer’s stock valued at $2,240,000 after purchasing an additional 983 shares in the last quarter. Finally, McIlrath & Eck LLC boosted its stake in shares of Lowe’s Companies by 7.1% during the 1st quarter. McIlrath & Eck LLC now owns 2,106 shares of the home improvement retailer’s stock valued at $498,000 after buying an additional 139 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Trading Down 0.7%

Shares of NYSE LOW opened at $208.57 on Friday. Lowe’s Companies, Inc. has a twelve month low of $199.40 and a twelve month high of $293.06. The company has a market capitalization of $116.95 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 2.65 and a beta of 0.86. The business has a 50 day simple moving average of $214.69 and a 200-day simple moving average of $238.83.

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 (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 for the quarter, compared to analyst estimates of $22.98 billion. During the same period in the prior year, the company posted $2.92 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

Insiders Place Their Bets

In related news, EVP Janice Dupre sold 14,150 shares of the business’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 sale, the executive vice president owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This represents a 26.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of the 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 owned 20,220 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 25,980 shares of company stock valued at $5,796,937. Company insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on LOW shares. Bank of America dropped their price target on shares of Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. HSBC reduced their price objective on shares of Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating on the stock in a research note on Thursday, May 21st. Sanford C. Bernstein decreased their price objective on shares of Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. BTIG Research downgraded shares of Lowe’s Companies to a “reduce” rating in a research report on Tuesday, May 12th. Finally, UBS Group cut their target price on shares of Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.67.

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.