Allen Investment Management LLC Sells 6,443 Shares of Lowe’s Companies, Inc. $LOW

Allen Investment Management LLC lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,098 shares of the home improvement retailer’s stock after selling 6,443 shares during the quarter. Allen Investment Management LLC’s holdings in Lowe’s Companies were worth $8,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LOW. United Financial Planning Group LLC purchased a new stake in shares of Lowe’s Companies during the 3rd quarter valued at about $31,000. OLD Second National Bank of Aurora lifted its position in Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 42 shares during the period. Triumph Capital Management purchased a new stake in Lowe’s Companies in the third quarter worth approximately $34,000. Guerra Advisors Inc bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at $35,000. Finally, Financial Life Planners bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at $36,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $207.62 on Tuesday. Lowe’s Companies, Inc. has a one year low of $207.55 and a one year high of $293.06. The company’s fifty day moving average price is $232.06 and its 200-day moving average price is $247.26. The company has a market capitalization of $116.41 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 2.70 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The business had revenue of $23.08 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same period last year, the firm earned $2.92 earnings per share. The business’s quarterly revenue was up 10.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities research analysts expect that Lowe’s Companies, Inc. will post 12.5 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, July 22nd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. Lowe’s Companies’s dividend payout ratio (DPR) is 40.57%.

Analysts Set New Price Targets

A number of analysts recently commented on LOW shares. Royal Bank Of Canada reduced their price objective on Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating for the company in a research report on Thursday, May 21st. Morgan Stanley cut their price target on Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Evercore reduced their price target on shares of Lowe’s Companies from $250.00 to $230.00 in a research report on Thursday, May 21st. Robert W. Baird dropped their price objective on shares of Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Finally, UBS Group cut their target price on shares of Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.