Levin Capital Strategies L.P. Has $9.67 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

Levin Capital Strategies L.P. boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2,629.4% in the first quarter, Holdings Channel reports. The institutional investor owned 40,941 shares of the home improvement retailer’s stock after acquiring an additional 39,441 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Lowe’s Companies were worth $9,674,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Goepper Burkhardt LLC raised its holdings in shares of Lowe’s Companies by 7.8% during the first quarter. Goepper Burkhardt LLC now owns 1,326 shares of the home improvement retailer’s stock worth $313,000 after acquiring an additional 96 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab grew its stake in Lowe’s Companies by 312.0% in the first quarter. Danica Pension Livsforsikringsaktieselskab now owns 65,061 shares of the home improvement retailer’s stock valued at $15,373,000 after purchasing an additional 49,271 shares in the last quarter. Triad Investment Management purchased a new position in Lowe’s Companies in the first quarter valued at about $422,000. Oslo Pensjonsforsikring AS acquired a new position in Lowe’s Companies in the 1st quarter worth about $504,000. Finally, Summit Asset Management LLC increased its position in Lowe’s Companies by 28.5% in the 1st quarter. Summit Asset Management LLC now owns 1,200 shares of the home improvement retailer’s stock worth $284,000 after purchasing an additional 266 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 9,330 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the transaction, the executive vice president owned 16,142 shares in the company, valued at $3,628,883.02. This trade represents a 36.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Janice Dupre sold 14,150 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total value 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. This trade represents a 26.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 25,980 shares of company stock valued at $5,796,937 over the last 90 days. 0.29% of the stock is currently owned by company insiders.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $204.49 on Thursday. Lowe’s Companies, Inc. has a fifty-two week low of $201.88 and a fifty-two week high of $293.06. The business has a 50-day moving average of $215.87 and a two-hundred day moving average of $240.76. The stock has a market capitalization of $114.66 billion, a P/E ratio of 17.29, a P/E/G ratio of 2.57 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last released its quarterly 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. The company had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, research analysts expect that Lowe’s Companies, Inc. will post 12.48 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 40.57%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Robert W. Baird cut their price target on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Gordon Haskett dropped their price objective on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. DA Davidson reaffirmed a “neutral” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, May 20th. Piper Sandler reduced their target price on shares of Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Finally, Royal Bank Of Canada reduced their target price on shares of Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating for the company 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 given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

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.