Pitcairn Co. Has $1.54 Million Holdings in Lowe’s Companies, Inc. $LOW

Pitcairn Co. decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 86.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,128 shares of the home improvement retailer’s stock after selling 40,059 shares during the quarter. Pitcairn Co.’s holdings in Lowe’s Companies were worth $1,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Howard Hughes Medical Institute purchased a new stake in Lowe’s Companies in the 2nd quarter valued at $27,000. Activest Wealth Management boosted its holdings in Lowe’s Companies by 78.5% during the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 51 shares during the last quarter. Traub Capital Management LLC purchased a new position in Lowe’s Companies during the 2nd quarter worth $30,000. Vermillion & White Wealth Management Group LLC grew its stake in shares of Lowe’s Companies by 128.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 76 shares in the last quarter. Finally, Guerra Advisors Inc purchased a new stake in shares of Lowe’s Companies in the third quarter valued at about $35,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the transaction, the chief executive officer directly owned 231,043 shares in the company, valued at approximately $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Lowe’s Companies Stock Down 1.1%

Shares of NYSE:LOW opened at $251.89 on Friday. The firm has a market capitalization of $141.30 billion, a PE ratio of 21.26, a P/E/G ratio of 5.53 and a beta of 0.98. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $293.06. The company has a 50-day moving average price of $268.21 and a two-hundred day moving average price of $254.63.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.04. The company had revenue of $20.58 billion for the quarter, compared to analyst estimates of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LOW has been the topic of several analyst reports. Sanford C. Bernstein cut their price target on shares of Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Lowe’s Companies in a report on Monday, December 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Wednesday, February 25th. DA Davidson reiterated a “neutral” rating and set a $275.00 price target on shares of Lowe’s Companies in a report on Thursday, February 26th. Finally, Robert W. Baird raised their target price on Lowe’s Companies from $290.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Twenty-one analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $291.64.

Lowe’s Companies 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.