Cannell & Spears LLC Sells 9,548 Shares of Lowe’s Companies, Inc. $LOW

Cannell & Spears LLC lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 117,895 shares of the home improvement retailer’s stock after selling 9,548 shares during the period. Cannell & Spears LLC’s holdings in Lowe’s Companies were worth $27,844,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LOW. Swiss RE Ltd. acquired a new stake in Lowe’s Companies in the fourth quarter valued at $25,000. Wilkerson Advisory Group LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $27,000. OLD Second National Bank of Aurora increased its stake in shares of Lowe’s Companies by 52.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 42 shares during the period. Sankala Group LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $33,000. Finally, Triumph Capital Management bought a new position in shares of Lowe’s Companies during the third quarter worth about $34,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LOW. Piper Sandler decreased 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 report on Thursday, May 21st. Weiss Ratings downgraded shares of Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Evercore reduced their price objective on shares of Lowe’s Companies from $250.00 to $230.00 in a research note on Thursday, May 21st. Robert W. Baird lowered their target price on shares of 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. Finally, Craig Hallum upgraded shares of Lowe’s Companies to a “buy” rating in a report on Tuesday, May 12th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 9,330 shares of the company’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 value 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 $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the sale, the executive vice president owned 20,220 shares of the company’s stock, valued at $4,525,842.60. This represents a 11.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is currently owned by corporate insiders.

Lowe’s Companies Trading Up 2.7%

Shares of NYSE LOW opened at $207.35 on Friday. The firm has a market capitalization of $116.26 billion, a P/E ratio of 17.53, a P/E/G ratio of 2.55 and a beta of 0.86. The firm’s 50-day moving average price is $215.22 and its 200-day moving average price is $240.22. Lowe’s Companies, Inc. has a 1-year low of $199.40 and a 1-year high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced 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 business had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities research analysts forecast that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be issued a dividend of $1.25 per share. 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. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. Lowe’s Companies’s payout ratio is currently 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.