Wellington Management Group LLP Sells 557,347 Shares of Lowe’s Companies, Inc. $LOW

Wellington Management Group LLP trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 13.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,514,809 shares of the home improvement retailer’s stock after selling 557,347 shares during the quarter. Wellington Management Group LLP’s holdings in Lowe’s Companies were worth $774,980,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LOW. Providence Wealth Advisors LLC raised its stake in shares of Lowe’s Companies by 0.5% during the fourth quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock worth $1,959,000 after acquiring an additional 36 shares in the last quarter. First Command Advisory Services Inc. raised its position in Lowe’s Companies by 1.3% in the 4th quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer’s stock worth $711,000 after purchasing an additional 38 shares during the period. Smithbridge Asset Management Inc. DE lifted 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 worth $898,000 after purchasing an additional 39 shares during the last quarter. Sumitomo Life Insurance Co. lifted its stake in Lowe’s Companies by 0.6% in the fourth quarter. Sumitomo Life Insurance Co. now owns 6,140 shares of the home improvement retailer’s stock worth $1,481,000 after purchasing an additional 39 shares during the last quarter. Finally, S&CO Inc. boosted its position in Lowe’s Companies by 0.6% during the fourth quarter. S&CO Inc. now owns 6,403 shares of the home improvement retailer’s stock valued at $1,544,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.7%

NYSE:LOW opened at $208.20 on Friday. The firm’s fifty day simple moving average is $215.10 and its 200 day simple moving average is $230.79. The stock has a market cap of $116.74 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 2.77 and a beta of 0.86. Lowe’s Companies, Inc. has a twelve month low of $199.40 and a twelve month high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 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 during the quarter, compared to analyst estimates of $26.13 billion. During the same period in the prior year, the business earned $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, analysts expect that Lowe’s Companies, Inc. will post 12.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LOW has been the topic of several analyst reports. UBS Group decreased their price objective on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Weiss Ratings cut Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Robert W. Baird decreased their price target on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Truist Financial lowered their price objective on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Finally, Benchmark began coverage on Lowe’s Companies in a research note on Tuesday, May 12th. They set a “hold” rating for the company. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $258.53.

Insider Activity at Lowe’s Companies

In related news, EVP Janice Dupre sold 14,150 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total value of $3,139,885.00. Following the completion of the transaction, the executive vice president directly owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This represents a 26.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Juliette Williams Pryor sold 9,330 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,980 shares of company stock worth $5,796,937 over the last 90 days. 0.29% of the stock is owned by company insiders.

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.