Rule One Partners LLC Invests $2.36 Million in Lowe’s Companies, Inc. $LOW

Rule One Partners LLC acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 1st quarter, Holdings Channel.com reports. The fund acquired 10,001 shares of the home improvement retailer’s stock, valued at approximately $2,363,000. Lowe’s Companies makes up approximately 2.3% of Rule One Partners LLC’s investment portfolio, making the stock its 6th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in Lowe’s Companies during the fourth quarter worth about $1,993,697,000. Price T Rowe Associates Inc. MD raised its stake in Lowe’s Companies by 45.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,555,565 shares of the home improvement retailer’s stock valued at $1,580,941,000 after acquiring an additional 2,039,343 shares in the last quarter. J. Stern & Co. LLP lifted its holdings in Lowe’s Companies by 7,814.9% in the fourth quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer’s stock worth $359,417,000 after purchasing an additional 1,471,539 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $308,683,000. Finally, Vanguard Group Inc. lifted its position in Lowe’s Companies by 1.7% in the fourth 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 period. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Janice Dupre sold 14,150 shares of the company’s 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 represents a 26.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the executive vice president owned 16,142 shares of the company’s stock, 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. Over the last three months, insiders sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is owned by company insiders.

Lowe’s Companies Trading Up 1.9%

NYSE:LOW opened at $211.49 on Tuesday. The firm has a market capitalization of $118.58 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 2.62 and a beta of 0.86. Lowe’s Companies, Inc. has a 1-year low of $199.40 and a 1-year high of $293.06. The business’s fifty day moving average price is $215.08 and its 200 day moving average price is $239.94.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $22.98 billion. During the same period last year, the company posted $2.92 EPS. The business’s quarterly 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. Equities analysts forecast that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. 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 payout ratio is currently 42.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Piper Sandler reduced their price objective on shares of Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating for the company in a research 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 note on Wednesday, May 20th. Citigroup upgraded shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 target price for the company in a report on Tuesday, May 12th. Wolfe Research set a $254.00 target price on shares of Lowe’s Companies in a research report on Thursday, May 21st. Finally, Royal Bank Of Canada cut their price target on shares of Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating on the stock in a report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies currently has an average 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.