3,529 Shares in Lowe’s Companies, Inc. $LOW Bought by Dearborn Partners LLC

Dearborn Partners LLC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,529 shares of the home improvement retailer’s stock, valued at approximately $834,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its position in Lowe’s Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after buying an additional 714,092 shares during the last quarter. State Street Corp lifted its stake in Lowe’s Companies by 0.5% during the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock valued at $6,291,867,000 after acquiring an additional 124,501 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Lowe’s Companies by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock valued at $3,201,329,000 after acquiring an additional 887,579 shares during the last quarter. Norges Bank acquired a new stake in shares of Lowe’s Companies in the fourth quarter worth $1,993,697,000. Finally, Northern Trust Corp increased its stake in shares of Lowe’s Companies by 1.5% in the third quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock worth $1,716,467,000 after acquiring an additional 103,827 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

LOW opened at $208.20 on Friday. The company has a fifty day moving average of $215.10 and a two-hundred day moving average of $230.79. The stock has a market capitalization of $116.74 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 2.75 and a beta of 0.86. Lowe’s Companies, Inc. has a fifty-two week low of $199.40 and a fifty-two week high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.22 by $0.18. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same period in the prior year, the company posted $4.33 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LOW. JPMorgan Chase & Co. decreased their target price on shares of Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. DA Davidson reaffirmed a “neutral” rating and set a $245.00 price target on shares of Lowe’s Companies in a research report on Wednesday, August 19th. Truist Financial decreased their price objective on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a report on Thursday, August 20th. Evercore dropped their target price on Lowe’s Companies from $250.00 to $230.00 in a report on Thursday, May 21st. Finally, Mizuho reduced their price target on Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $258.53.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the business’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 directly owned 16,142 shares in the company, valued at $3,628,883.02. The trade was a 36.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Margrethe R. Vagell sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the transaction, the executive vice president directly owned 20,220 shares of the company’s stock, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is owned by corporate insiders.

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.