Cardinal Point Capital Management ULC Cuts Stock Position in Lowe’s Companies, Inc. $LOW

Cardinal Point Capital Management ULC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 72.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,405 shares of the home improvement retailer’s stock after selling 3,760 shares during the quarter. Cardinal Point Capital Management ULC’s holdings in Lowe’s Companies were worth $332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Lowe’s Companies by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock worth $13,560,617,000 after purchasing 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 valued at $6,291,867,000 after buying an additional 124,501 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Lowe’s Companies by 7.1% in the 4th 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 acquired a new stake in Lowe’s Companies in the 4th quarter worth about $1,993,697,000. Finally, Northern Trust Corp increased its stake in Lowe’s Companies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock worth $1,716,467,000 after buying an additional 103,827 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.3%

Shares of LOW opened at $222.04 on Friday. Lowe’s Companies, Inc. has a 52-week low of $203.40 and a 52-week high of $293.06. The stock has a fifty day simple moving average of $224.70 and a two-hundred day simple moving average of $244.72. The company has a market capitalization of $124.50 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.80 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating 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 firm had revenue of $23.08 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter in the previous year, the company posted $2.92 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s payout ratio is presently 40.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. HSBC reduced their target price on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a report on Thursday, May 21st. JPMorgan Chase & Co. dropped their price target on Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Benchmark started coverage on Lowe’s Companies in a research note on Tuesday, May 12th. They issued a “hold” rating for the company. Stifel Nicolaus reduced their price objective on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Finally, Mizuho decreased their price objective on Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Twenty-three equities research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $264.57.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Margrethe R. Vagell sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total transaction of $559,575.00. Following the completion of the sale, the executive vice president owned 20,220 shares in the company, valued at $4,525,842.60. This trade represents a 11.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 directly owned 16,142 shares in the company, valued at approximately $3,628,883.02. The trade was a 36.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 25,980 shares of company stock worth $5,796,937 in the last ninety days. 0.29% of the stock is owned by insiders.

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.