E. Ohman J or Asset Management AB Decreases Stock Holdings in Lowe’s Companies, Inc. $LOW

E. Ohman J or Asset Management AB cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,547 shares of the home improvement retailer’s stock after selling 2,323 shares during the period. E. Ohman J or Asset Management AB’s holdings in Lowe’s Companies were worth $5,196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LOW. Howard Hughes Medical Institute acquired a new stake in shares of Lowe’s Companies in the 2nd quarter worth approximately $27,000. Activest Wealth Management raised its holdings in Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 51 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its holdings in Lowe’s Companies by 128.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 76 shares during the last quarter. United Financial Planning Group LLC purchased a new stake in Lowe’s Companies during the third quarter worth $31,000. Finally, Triumph Capital Management purchased a new stake in Lowe’s Companies during the third quarter worth $34,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Up 4.3%

Shares of NYSE:LOW opened at $234.33 on Tuesday. The company has a market capitalization of $131.44 billion, a P/E ratio of 19.77, a P/E/G ratio of 4.88 and a beta of 0.98. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $293.06. The stock’s fifty day simple moving average is $265.77 and its 200-day simple moving average is $253.00.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The firm had revenue of $20.59 billion during the quarter, compared to analysts’ expectations of $20.34 billion. During the same quarter last year, the business posted $1.93 EPS. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s payout ratio is 40.51%.

Analysts Set New Price Targets

LOW has been the subject of a number of research analyst reports. Sanford C. Bernstein dropped their price target on Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. UBS Group decreased their price objective on shares of Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Lowe’s Companies in a research note on Monday, December 29th. Argus raised their target price on shares of Lowe’s Companies from $286.00 to $288.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Robert W. Baird lifted their target price on shares of Lowe’s Companies from $290.00 to $320.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $289.76.

Insider Buying and Selling at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.27% of the stock is currently owned by corporate insiders.

About Lowe’s Companies

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.