Lowe’s Companies, Inc. $LOW Shares Sold by Forum Financial Management LP

Forum Financial Management LP reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 65.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,642 shares of the home improvement retailer’s stock after selling 3,132 shares during the period. Forum Financial Management LP’s holdings in Lowe’s Companies were worth $388,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Natixis Advisors LLC boosted its holdings in shares of Lowe’s Companies by 3.5% during the 4th quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer’s stock worth $152,161,000 after purchasing an additional 21,119 shares during the last quarter. Bridges Investment Management Inc. boosted its stake in Lowe’s Companies by 6.1% during the fourth quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer’s stock worth $107,664,000 after buying an additional 25,609 shares during the last quarter. Glenview Trust Co grew its holdings in Lowe’s Companies by 9.0% in the 4th quarter. Glenview Trust Co now owns 207,797 shares of the home improvement retailer’s stock valued at $50,112,000 after buying an additional 17,225 shares in the last quarter. LPL Financial LLC grew its holdings in Lowe’s Companies by 2.3% in the 4th quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock valued at $239,552,000 after buying an additional 22,175 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Lowe’s Companies by 12.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 178,881 shares of the home improvement retailer’s stock worth $43,139,000 after acquiring an additional 19,096 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LOW has been the topic of several analyst reports. DA Davidson reiterated a “neutral” rating and set a $275.00 price target on shares of Lowe’s Companies in a report on Wednesday, May 20th. Gordon Haskett cut their price objective on shares of Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Piper Sandler reduced their target price on shares of Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Robert W. Baird decreased their target price 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, Sanford C. Bernstein dropped their price target on shares of Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $264.57.

Insider Buying and Selling

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

Lowe’s Companies Trading Up 0.3%

NYSE LOW opened at $220.37 on Wednesday. The stock has a fifty day simple moving average of $223.18 and a 200-day simple moving average of $244.22. The stock has a market cap of $123.56 billion, a PE ratio of 18.63, a P/E/G ratio of 2.77 and a beta of 0.87. Lowe’s Companies, Inc. has a twelve month low of $203.40 and a twelve month high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (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 was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Research analysts predict that Lowe’s Companies, Inc. will post 12.48 EPS for the current 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 issued a $1.25 dividend. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.27%.

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.