Saturna Capital Corp Reduces Position in Lowe’s Companies, Inc. $LOW

Saturna Capital Corp lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% during the 4th quarter, HoldingsChannel reports. The fund owned 419,371 shares of the home improvement retailer’s stock after selling 6,553 shares during the quarter. Lowe’s Companies comprises approximately 1.3% of Saturna Capital Corp’s portfolio, making the stock its 22nd biggest holding. Saturna Capital Corp’s holdings in Lowe’s Companies were worth $101,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. OLD Second National Bank of Aurora raised its position in shares of Lowe’s Companies by 52.5% during 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 purchasing an additional 42 shares during the period. United Financial Planning Group LLC bought a new stake in shares of Lowe’s Companies during the 3rd quarter valued at $31,000. Triumph Capital Management bought a new stake in shares of Lowe’s Companies during the 3rd quarter valued at $34,000. Financial Life Planners bought a new stake in shares of Lowe’s Companies during the 3rd quarter valued at $36,000. Finally, Ares Financial Consulting LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.5%

Lowe’s Companies stock opened at $216.26 on Thursday. The company’s 50-day moving average price is $228.98 and its 200-day moving average price is $246.41. Lowe’s Companies, Inc. has a twelve month low of $203.40 and a twelve month high of $293.06. The company has a market cap of $121.26 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 2.74 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The firm had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same period in the previous year, the firm posted $2.92 EPS. The business’s quarterly 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. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be issued a $1.25 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Lowe’s Companies’s payout ratio is presently 40.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LOW. Raymond James Financial downgraded shares of Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research report on Tuesday, May 12th. UBS Group decreased their price objective on shares of Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Rothschild & Co Redburn raised their price objective on shares of Lowe’s Companies from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. HSBC decreased their price objective on shares of Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating on the stock in a research report on Thursday, May 21st. Finally, Wells Fargo & Company decreased their price objective on shares of Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

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.