Keel Point LLC Sells 2,727 Shares of Lowe’s Companies, Inc. $LOW

Keel Point LLC cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 20.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,446 shares of the home improvement retailer’s stock after selling 2,727 shares during the period. Keel Point LLC’s holdings in Lowe’s Companies were worth $2,468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Blue Fin Capital Inc. raised its position in shares of Lowe’s Companies by 24.6% during the first quarter. Blue Fin Capital Inc. now owns 2,570 shares of the home improvement retailer’s stock valued at $607,000 after buying an additional 507 shares during the last quarter. Allen Capital Group LLC raised its holdings in Lowe’s Companies by 14.6% in the 1st quarter. Allen Capital Group LLC now owns 3,008 shares of the home improvement retailer’s stock valued at $711,000 after acquiring an additional 383 shares in the last quarter. Axiom Investment Management LLC bought a new stake in shares of Lowe’s Companies in the 1st quarter worth approximately $149,000. Wellington Grp LLC grew its holdings in shares of Lowe’s Companies by 50.0% during the 1st quarter. Wellington Grp LLC now owns 285 shares of the home improvement retailer’s stock worth $67,000 after purchasing an additional 95 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Lowe’s Companies during the 1st quarter worth approximately $93,000. Institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In other news, EVP Janice Dupre sold 14,150 shares of the stock in a transaction on Tuesday, June 16th. The stock was 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 in the company, valued at approximately $8,828,291.50. This represents a 26.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 9,330 shares of the firm’s stock in a transaction on 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 sale, the executive vice president owned 16,142 shares of the company’s stock, valued at approximately $3,628,883.02. This trade represents a 36.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 25,980 shares of company stock worth $5,796,937. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on LOW. Jefferies Financial Group reduced their target price on Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Gordon Haskett reduced their price objective on shares of Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Raymond James Financial cut shares of Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Wolfe Research set a $254.00 price target on shares of Lowe’s Companies in a research note on Thursday, May 21st. Finally, Evercore lowered their price objective on Lowe’s Companies from $250.00 to $230.00 in a research note 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 presently has a consensus rating of “Moderate Buy” and an average target price of $263.67.

Lowe’s Companies Trading Down 0.7%

NYSE LOW opened at $208.57 on Friday. Lowe’s Companies, Inc. has a 1-year low of $199.40 and a 1-year high of $293.06. The company has a 50 day moving average of $214.69 and a 200-day moving average of $238.83. The firm has a market cap of $116.95 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 2.62 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 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 the consensus estimate of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.Lowe’s Companies’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, analysts forecast that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be paid a $1.25 dividend. This is an increase 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 2.4%. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s payout ratio is presently 42.27%.

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.