Lowe’s Companies, Inc. $LOW Shares Sold by Maj Invest Holding A S

Maj Invest Holding A S trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 465,406 shares of the home improvement retailer’s stock after selling 61,461 shares during the quarter. Lowe’s Companies accounts for approximately 4.7% of Maj Invest Holding A S’s investment portfolio, making the stock its 12th biggest position. Maj Invest Holding A S owned 0.08% of Lowe’s Companies worth $102,617,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. increased its stake in Lowe’s Companies by 4.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,149 shares of the home improvement retailer’s stock worth $694,000 after purchasing an additional 125 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Lowe’s Companies by 8.7% in the second quarter. Valeo Financial Advisors LLC now owns 7,797 shares of the home improvement retailer’s stock valued at $1,719,000 after purchasing an additional 625 shares during the period. Beaird Harris Wealth Management LLC grew its holdings in shares of Lowe’s Companies by 12.6% in the second quarter. Beaird Harris Wealth Management LLC now owns 829 shares of the home improvement retailer’s stock valued at $183,000 after purchasing an additional 93 shares in the last quarter. Atwood & Palmer Inc. grew its holdings in shares of Lowe’s Companies by 0.3% in the second quarter. Atwood & Palmer Inc. now owns 70,385 shares of the home improvement retailer’s stock valued at $15,519,000 after purchasing an additional 195 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Lowe’s Companies by 6.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,555 shares of the home improvement retailer’s stock worth $784,000 after buying an additional 216 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Janice Dupre sold 14,150 shares of the firm’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 transaction of $3,139,885.00. Following the sale, the executive vice president owned 39,785 shares of the company’s stock, valued at approximately $8,828,291.50. This trade represents a 26.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Juliette Williams Pryor sold 9,330 shares of the business’s 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 sale, the executive vice president owned 16,142 shares of the company’s stock, valued at $3,628,883.02. This represents a 36.63% 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 in the last ninety days. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on LOW. The Goldman Sachs Group decreased their price target on shares of Lowe’s Companies from $300.00 to $293.00 and set a “buy” 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 report on Wednesday, May 20th. TD Cowen reduced their price objective on Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating on the stock in a research note on Thursday, May 21st. Oppenheimer decreased their target price on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating for the company in a report on Monday, May 18th. Finally, 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 research note on Thursday, May 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $263.67.

Lowe’s Companies Stock Up 2.1%

NYSE LOW opened at $223.03 on Friday. Lowe’s Companies, Inc. has a 52 week low of $199.40 and a 52 week high of $293.06. The stock has a market capitalization of $125.05 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 2.83 and a beta of 0.86. The firm has a 50 day moving average of $214.99 and a two-hundred day moving average of $236.85.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The business had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the business earned $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 12.46 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd were 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 yield of 2.2%. The ex-dividend date was Wednesday, July 22nd. Lowe’s Companies’s payout ratio is 42.27%.

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.