Sei Investments Co. Sells 8,813 Shares of Lowe’s Companies, Inc. $LOW

Sei Investments Co. trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 639,810 shares of the home improvement retailer’s stock after selling 8,813 shares during the quarter. Sei Investments Co.’s holdings in Lowe’s Companies were worth $151,178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. Providence Wealth Advisors LLC grew its position in shares of Lowe’s Companies by 0.5% during the 4th quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock worth $1,959,000 after buying an additional 36 shares during the period. Rather & Kittrell Inc. raised its stake in shares of Lowe’s Companies by 0.4% during the fourth 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 during the last quarter. First Command Advisory Services Inc. lifted its holdings in Lowe’s Companies by 1.3% in 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 lifted its holdings in Lowe’s Companies by 4.3% in 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 boosted its stake in 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 during the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $201.87 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 cap of $113.19 billion, a P/E ratio of 17.06, a P/E/G ratio of 2.58 and a beta of 0.86. The firm has a 50 day moving average price of $215.44 and a 200 day moving average price of $240.45.

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 the consensus estimate of $2.97 by $0.06. The company 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 business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the business posted $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, July 22nd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the transaction, the executive vice president directly owned 20,220 shares in the company, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 9,330 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the transaction, the executive vice president directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. KeyCorp cut their price target on Lowe’s Companies from $300.00 to $275.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Sanford C. Bernstein reduced their price target on Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Morgan Stanley decreased their price objective on 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. Finally, Wolfe Research set a $254.00 price objective on Lowe’s Companies 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average 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.