Lowe’s Companies, Inc. $LOW Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 443,259 shares of the home improvement retailer’s stock after purchasing an additional 32,531 shares during the quarter. Nordea Investment Management AB’s holdings in Lowe’s Companies were worth $107,419,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LOW. Cooper Financial Group grew its stake in Lowe’s Companies by 5.1% during the 4th quarter. Cooper Financial Group now owns 1,987 shares of the home improvement retailer’s stock worth $479,000 after buying an additional 97 shares during the last quarter. Sovereign Financial Group Inc. increased its position in Lowe’s Companies by 56.1% during the 4th quarter. Sovereign Financial Group Inc. now owns 2,419 shares of the home improvement retailer’s stock valued at $583,000 after buying an additional 869 shares in the last quarter. Procyon Advisors LLC raised its stake in Lowe’s Companies by 8.3% in the fourth quarter. Procyon Advisors LLC now owns 6,309 shares of the home improvement retailer’s stock valued at $1,521,000 after buying an additional 485 shares during the last quarter. Magnus Financial Group LLC boosted its holdings in Lowe’s Companies by 7.3% in the fourth quarter. Magnus Financial Group LLC now owns 2,493 shares of the home improvement retailer’s stock worth $601,000 after acquiring an additional 170 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its holdings in Lowe’s Companies by 9.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 10,323 shares of the home improvement retailer’s stock worth $2,489,000 after acquiring an additional 931 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 2.0%

Shares of LOW stock opened at $225.03 on Monday. The stock has a 50 day moving average of $266.50 and a 200 day moving average of $253.22. The stock has a market cap of $126.23 billion, a P/E ratio of 18.99, a P/E/G ratio of 4.88 and a beta of 0.98. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.94 by $0.04. The business had revenue of $20.58 billion for the quarter, compared to analyst estimates of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. Lowe’s Companies’s dividend payout ratio is 40.51%.

Insider Transactions at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the sale, the chief executive officer owned 231,043 shares in the company, valued at approximately $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LOW. Stifel Nicolaus upped their price objective on shares of Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a report on Monday, December 1st. Guggenheim lifted their target price on shares of Lowe’s Companies from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Jefferies Financial Group reissued a “buy” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday, February 25th. Wells Fargo & Company upped their price target on shares of Lowe’s Companies from $280.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Finally, Oppenheimer decreased their price target on shares of Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a report on Friday, December 5th. Twenty-one research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $289.76.

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.