Saturna Capital Corp Sells 4,939 Shares of Lowe’s Companies, Inc. $LOW

Saturna Capital Corp cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 414,432 shares of the home improvement retailer’s stock after selling 4,939 shares during the quarter. Lowe’s Companies accounts for approximately 1.4% of Saturna Capital Corp’s investment portfolio, making the stock its 21st largest position. Saturna Capital Corp’s holdings in Lowe’s Companies were worth $97,922,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Providence Wealth Advisors LLC boosted its position in Lowe’s Companies by 0.5% in the 4th quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock valued at $1,959,000 after buying an additional 36 shares during the period. Rather & Kittrell Inc. grew its position in shares of Lowe’s Companies by 0.4% during the 4th quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer’s stock worth $2,503,000 after buying an additional 38 shares in the last quarter. First Command Advisory Services Inc. increased its stake in shares of Lowe’s Companies by 1.3% during the fourth quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer’s stock valued at $711,000 after buying an additional 38 shares during the period. Walkner Condon Financial Advisors LLC increased its stake in shares of Lowe’s Companies by 4.3% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer’s stock valued at $228,000 after buying an additional 39 shares during the period. Finally, Smithbridge Asset Management Inc. DE raised its holdings in shares of Lowe’s Companies by 1.1% in the fourth quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer’s stock valued at $898,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.5%

NYSE:LOW opened at $203.62 on Wednesday. The stock has a market capitalization of $114.17 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 2.58 and a beta of 0.86. Lowe’s Companies, Inc. has a 52 week low of $201.88 and a 52 week high of $293.06. The stock’s 50-day moving average price is $216.19 and its 200-day moving average price is $241.02.

Lowe’s Companies (NYSE:LOW) last announced its 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. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same quarter last year, the firm posted $2.92 EPS. The business’s 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. Sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be paid a $1.25 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is presently 40.57%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LOW shares. Royal Bank Of Canada dropped their price target on Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 21st. BTIG Research cut shares of Lowe’s Companies to a “reduce” rating in a research note on Tuesday, May 12th. Morgan Stanley lowered their price objective on shares of Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. UBS Group dropped their price target on Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Telsey Advisory Group dropped their price objective on shares of Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 9,330 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the transaction, the executive vice president owned 16,142 shares in the company, valued at approximately $3,628,883.02. This trade represents a 36.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $3,139,885.00. Following the sale, the executive vice president directly owned 39,785 shares in the company, valued at approximately $8,828,291.50. This trade represents a 26.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 25,980 shares of company stock valued at $5,796,937 over the last ninety days. Insiders own 0.29% of the company’s stock.

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.