Capricorn Fund Managers Ltd Makes New Investment in Lowe’s Companies, Inc. $LOW

Capricorn Fund Managers Ltd bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,500 shares of the home improvement retailer’s stock, valued at approximately $827,000.

Other hedge funds have also recently modified their holdings of the company. Swiss RE Ltd. purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth approximately $25,000. Wilkerson Advisory Group LLC purchased a new position in Lowe’s Companies during the 4th quarter valued at $27,000. OLD Second National Bank of Aurora boosted its holdings in Lowe’s Companies by 52.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 42 shares during the period. United Financial Planning Group LLC bought a new position in Lowe’s Companies in the 3rd quarter valued at $31,000. Finally, Sankala Group LLC bought a new position in Lowe’s Companies in the 4th quarter valued at $33,000. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LOW shares. Raymond James Financial lowered Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Truist Financial lowered their target price on shares of Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. TD Cowen cut their price target 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. Piper Sandler reduced their price target 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. Finally, Bank of America decreased their price objective on shares of Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Lowe’s Companies Stock Up 0.3%

LOW opened at $220.37 on Wednesday. The stock’s fifty day moving average is $223.18 and its two-hundred day moving average is $244.22. The company has a market capitalization of $123.56 billion, a P/E ratio of 18.63, a PEG ratio of 2.77 and a beta of 0.87. Lowe’s Companies, Inc. has a 52 week low of $203.40 and a 52 week 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 for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $22.98 billion. During the same period in the prior year, the business earned $2.92 EPS. The business’s revenue for the quarter 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. Equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be issued a $1.25 dividend. 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 2.3%. Lowe’s Companies’s dividend payout ratio is presently 42.27%.

Insider Buying and Selling

In related news, EVP Margrethe R. Vagell sold 2,500 shares of the company’s stock in a transaction dated 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 directly owned 20,220 shares of the company’s stock, valued at $4,525,842.60. This represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Janice Dupre sold 14,150 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the transaction, the executive vice president owned 39,785 shares in the company, valued at approximately $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,980 shares of company stock valued at $5,796,937 over the last three months. 0.29% of the stock is owned by company insiders.

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.