Lowe’s Companies, Inc. $LOW Shares Acquired by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,057 shares of the home improvement retailer’s stock after purchasing an additional 3,591 shares during the quarter. Lowe’s Companies comprises 1.7% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 16th biggest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Lowe’s Companies were worth $18,680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of LOW. Vanguard Group Inc. boosted its stake in shares of Lowe’s Companies by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock worth $13,560,617,000 after buying an additional 924,625 shares during the last quarter. State Street Corp lifted its stake in Lowe’s Companies by 0.5% in the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock worth $6,291,867,000 after purchasing an additional 124,501 shares in the last quarter. Geode Capital Management LLC boosted its stake in Lowe’s Companies by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock worth $3,201,329,000 after buying an additional 887,579 shares during the last quarter. Norges Bank purchased a new position in Lowe’s Companies during the fourth quarter worth about $1,993,697,000. Finally, Northern Trust Corp increased its stake in Lowe’s Companies by 1.5% during the third quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock worth $1,716,467,000 after acquiring an additional 103,827 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LOW. Evercore dropped their price objective on Lowe’s Companies from $250.00 to $230.00 in a research note on Thursday, May 21st. Argus upped their price objective on shares of Lowe’s Companies from $286.00 to $288.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. TD Cowen cut their target price on shares of Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. Raymond James Financial downgraded Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Finally, KGI Securities initiated coverage on shares of Lowe’s Companies in a research note on Tuesday, March 10th. They issued a “neutral” rating and a $255.00 target price for the company. Twenty-three 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the sale, the executive vice president owned 20,220 shares of the company’s stock, valued at $4,525,842.60. This trade represents a 11.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Juliette Williams Pryor sold 9,330 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the sale, the executive vice president owned 16,142 shares in the company, valued at $3,628,883.02. This represents a 36.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is currently owned by company insiders.

Lowe’s Companies Stock Performance

LOW opened at $219.68 on Tuesday. The stock has a market capitalization of $123.17 billion, a PE ratio of 18.57, a P/E/G ratio of 2.81 and a beta of 0.87. The company’s 50 day simple moving average is $223.81 and its 200 day simple moving average is $244.40. Lowe’s Companies, Inc. has a 1 year low of $203.40 and a 1 year high of $293.06.

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 the consensus estimate of $2.97 by $0.06. The firm had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. Lowe’s Companies’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, July 22nd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio (DPR) is 40.57%.

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.