SteelPeak Wealth LLC Purchases 22,019 Shares of Lowe’s Companies, Inc. $LOW

SteelPeak Wealth LLC raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 272.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 30,099 shares of the home improvement retailer’s stock after purchasing an additional 22,019 shares during the period. SteelPeak Wealth LLC’s holdings in Lowe’s Companies were worth $7,112,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LOW. Swiss RE Ltd. purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC purchased a new stake in Lowe’s Companies in the 4th quarter worth $27,000. OLD Second National Bank of Aurora increased 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 worth $29,000 after buying an additional 42 shares in the last quarter. Sankala Group LLC bought a new stake in Lowe’s Companies during the fourth quarter valued at about $33,000. Finally, Triumph Capital Management bought a new stake in Lowe’s Companies during the third quarter valued at about $34,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Citigroup raised Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 price objective for the company in a research note on Tuesday, May 12th. Morgan Stanley decreased their target price on Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. HSBC lowered their price target on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. Wolfe Research set a $254.00 price target on Lowe’s Companies in a research note on Thursday, May 21st. Finally, William Blair assumed coverage on shares of Lowe’s Companies in a report on Tuesday, May 12th. They set an “overweight” rating for the company. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 16,142 shares in the company, valued at $3,628,883.02. The trade was a 36.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 25,980 shares of company stock worth $5,796,937 over the last 90 days. 0.29% of the stock is owned by insiders.

Lowe’s Companies Price Performance

NYSE LOW opened at $216.00 on Friday. Lowe’s Companies, Inc. has a 1-year low of $203.40 and a 1-year high of $293.06. The business has a 50 day simple moving average of $217.45 and a two-hundred day simple moving average of $241.80. The stock has a market capitalization of $121.11 billion, a PE ratio of 18.26, a P/E/G ratio of 2.65 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.06. The business 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 company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, analysts anticipate that Lowe’s Companies, Inc. will post 12.48 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. 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%.

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.