Dearborn Partners LLC Takes $834,000 Position in Lowe’s Companies, Inc. $LOW

Dearborn Partners LLC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,529 shares of the home improvement retailer’s stock, valued at approximately $834,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss RE Ltd. bought a new stake in shares of Lowe’s Companies during the fourth quarter worth $25,000. Wilkerson Advisory Group LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at about $27,000. Sankala Group LLC acquired a new position in Lowe’s Companies during the 4th quarter worth about $33,000. Triumph Capital Management acquired a new position in Lowe’s Companies during the 3rd quarter worth about $34,000. Finally, Ares Financial Consulting LLC bought a new stake in Lowe’s Companies during the 4th quarter worth about $36,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 0.4%

Shares of NYSE:LOW opened at $217.02 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $199.40 and a 1-year high of $293.06. The stock has a market capitalization of $121.69 billion, a P/E ratio of 18.35, a P/E/G ratio of 2.87 and a beta of 0.86. The business has a 50-day moving average price of $215.99 and a two-hundred day moving average price of $232.33.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.22 by $0.18. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The company had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same quarter last year, the firm earned $4.33 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 12.29 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, July 22nd. This is a boost 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 42.27%.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was 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 in the company, valued at $3,628,883.02. This trade represents a 36.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Janice Dupre sold 14,150 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 25,980 shares of company stock valued at $5,796,937. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Truist Financial lowered their price objective on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. HSBC reduced their target price on shares of Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating on the stock in a research report on Thursday, May 21st. William Blair initiated coverage on shares of Lowe’s Companies in a report on Tuesday, May 12th. They issued an “overweight” rating for the company. BNP Paribas Exane dropped their price objective on shares of Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating for the company in a research report on Thursday, May 21st. Finally, Wells Fargo & Company dropped their price objective on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a research report on Tuesday, August 11th. Twenty-three investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $258.53.

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.