Burney Co. Lowers Holdings in Lowe’s Companies, Inc. $LOW

Burney Co. decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 15.6% during the first quarter, HoldingsChannel.com reports. The firm owned 31,334 shares of the home improvement retailer’s stock after selling 5,803 shares during the quarter. Burney Co.’s holdings in Lowe’s Companies were worth $7,404,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Swiss RE Ltd. bought a new stake in Lowe’s Companies during the 4th quarter valued at about $25,000. Wilkerson Advisory Group LLC bought a new position in shares of Lowe’s Companies in the fourth quarter worth approximately $27,000. OLD Second National Bank of Aurora lifted its stake in shares of Lowe’s Companies by 52.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 42 shares in the last quarter. United Financial Planning Group LLC purchased a new stake in shares of Lowe’s Companies during the third quarter valued at approximately $31,000. Finally, Sankala Group LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $33,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lowe’s Companies

In related news, EVP Janice Dupre sold 14,150 shares of Lowe’s Companies stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the completion of the sale, the executive vice president owned 39,785 shares of the company’s stock, valued at $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Juliette Williams Pryor sold 9,330 shares of the company’s 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 sale, the executive vice president owned 16,142 shares of the company’s stock, valued at approximately $3,628,883.02. This trade represents a 36.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 25,980 shares of company stock worth $5,796,937 in the last ninety days. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. DA Davidson reissued a “neutral” rating and set a $275.00 price target on shares of Lowe’s Companies in a research report on Wednesday, May 20th. Gordon Haskett lowered their price objective on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Morgan Stanley cut their target price on Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. KGI Securities assumed coverage on Lowe’s Companies in a report on Tuesday, March 10th. They issued a “neutral” rating and a $255.00 target price for the company. Finally, HSBC decreased their price target on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Stock Down 1.6%

LOW opened at $223.80 on Tuesday. The stock has a market capitalization of $125.49 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 2.87 and a beta of 0.86. The firm has a 50 day moving average price of $221.70 and a 200-day moving average price of $243.74. 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 earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company had revenue of $23.08 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter last year, the company posted $2.92 earnings per share. The firm’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. As a group, analysts expect that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders 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 2.2%. The ex-dividend date of this dividend is Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s payout ratio is currently 40.57%.

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.