Diamant Asset Management Inc. Boosts Stake in Lowe’s Companies, Inc. $LOW

Diamant Asset Management Inc. boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 23,528.0% in the 1st quarter, Holdings Channel reports. The firm owned 344,969 shares of the home improvement retailer’s stock after purchasing an additional 343,509 shares during the period. Diamant Asset Management Inc.’s holdings in Lowe’s Companies were worth $81,509,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. Swiss RE Ltd. acquired a new position in Lowe’s Companies during the fourth quarter worth $25,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at $27,000. OLD Second National Bank of Aurora raised its holdings in shares of Lowe’s Companies by 52.5% in 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 buying an additional 42 shares during the period. United Financial Planning Group LLC purchased a new stake in shares of Lowe’s Companies in the 3rd quarter valued at $31,000. Finally, Sankala Group LLC acquired a new position in Lowe’s Companies during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $222.42 on Friday. The stock’s 50-day moving average is $224.26 and its two-hundred day moving average is $244.57. Lowe’s Companies, Inc. has a 1-year low of $203.40 and a 1-year high of $293.06. The company has a market cap of $124.71 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 2.81 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.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 company earned $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities research 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. Investors of record on Wednesday, July 22nd will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.2%. This is a positive change 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 dividend payout ratio is 40.57%.

Analyst Ratings Changes

A number of equities analysts recently commented on LOW shares. HSBC lowered 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. Mizuho reduced their price target on shares of Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Evercore lowered their price objective on shares of Lowe’s Companies from $250.00 to $230.00 in a research note on Thursday, May 21st. Wells Fargo & Company dropped their price objective on shares of Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Finally, Piper Sandler cut 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. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

Insider Buying and Selling

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 sale, the executive vice president directly owned 20,220 shares of the company’s stock, valued at approximately $4,525,842.60. This represents a 11.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Janice Dupre sold 14,150 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the completion of the sale, the executive vice president owned 39,785 shares in the company, valued at $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 25,980 shares of company stock worth $5,796,937 over the last 90 days. 0.29% of the stock is owned by 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.