International Assets Investment Management LLC Makes New $25.44 Million Investment in Lowe’s Companies, Inc. $LOW

International Assets Investment Management LLC purchased a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 107,684 shares of the home improvement retailer’s stock, valued at approximately $25,444,000. Lowe’s Companies comprises about 0.6% of International Assets Investment Management LLC’s portfolio, making the stock its 14th biggest holding.

A number of other large investors have also made changes to their positions in the stock. Providence Wealth Advisors LLC raised its stake in Lowe’s Companies by 0.5% in the 4th quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock valued at $1,959,000 after purchasing an additional 36 shares during the last quarter. Rather & Kittrell Inc. lifted its holdings in Lowe’s Companies by 0.4% in the 4th quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer’s stock valued at $2,503,000 after purchasing an additional 38 shares in the last quarter. First Command Advisory Services Inc. boosted its stake in shares of Lowe’s Companies by 1.3% during the 4th quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer’s stock worth $711,000 after purchasing an additional 38 shares during the last quarter. Walkner Condon Financial Advisors LLC grew its holdings in shares of Lowe’s Companies by 4.3% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer’s stock worth $228,000 after buying an additional 39 shares in the last quarter. Finally, Smithbridge Asset Management Inc. DE grew its holdings in shares of Lowe’s Companies by 1.1% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer’s stock worth $898,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Margrethe R. Vagell sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were 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 of the company’s stock, valued at approximately $4,525,842.60. This trade represents a 11.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Janice Dupre sold 14,150 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was 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 $8,828,291.50. This represents a 26.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 25,980 shares of company stock worth $5,796,937 in the last 90 days. 0.29% of the stock is owned by company insiders.

Lowe’s Companies Stock Down 0.6%

Shares of NYSE LOW traded down $1.31 during trading on Friday, hitting $211.69. 2,164,000 shares of the company traded hands, compared to its average volume of 2,675,786. The firm has a market capitalization of $118.70 billion, a P/E ratio of 17.89, a P/E/G ratio of 2.67 and a beta of 0.86. The company has a 50-day moving average price of $219.20 and a 200-day moving average price of $242.73. Lowe’s Companies, Inc. has a 1 year low of $203.40 and a 1 year high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.06. The business had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.92 EPS. 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 fiscal year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. This is a boost 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 annualized dividend and a yield of 2.4%. Lowe’s Companies’s dividend payout ratio is presently 40.57%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LOW shares. Wolfe Research set a $254.00 price objective on shares of Lowe’s Companies in a research note on Thursday, May 21st. Telsey Advisory Group lowered their target price on shares of Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Gordon Haskett cut their price target on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Wells Fargo & Company reduced their price target on Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Finally, Stifel Nicolaus decreased 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. Twenty-three investment 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies 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.