Livforsakringsbolaget Skandia Omsesidigt Has $1.06 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 41.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,494 shares of the home improvement retailer’s stock after selling 3,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Lowe’s Companies were worth $1,061,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Swiss RE Ltd. acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $25,000. Wilkerson Advisory Group LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter worth $27,000. OLD Second National Bank of Aurora grew its stake in shares of Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 42 shares during the last quarter. Sankala Group LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth $33,000. Finally, Triumph Capital Management acquired a new position in shares of Lowe’s Companies during the third quarter worth $34,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Up 0.8%

Shares of NYSE:LOW opened at $209.44 on Thursday. The firm has a market cap of $117.44 billion, a P/E ratio of 17.70, a P/E/G ratio of 2.62 and a beta of 0.86. Lowe’s Companies, Inc. has a 12-month low of $203.40 and a 12-month high of $293.06. The business has a fifty day simple moving average of $217.75 and a 200 day simple moving average of $242.00.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The firm 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 business’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. 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%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s payout ratio is currently 40.57%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LOW shares. The Goldman Sachs Group cut their price objective on Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Royal Bank Of Canada lowered their target price on Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating for the company in a report on Thursday, May 21st. Raymond James Financial downgraded Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research report on Tuesday, May 12th. William Blair initiated coverage on Lowe’s Companies in a research note on Tuesday, May 12th. They set an “overweight” rating on the stock. Finally, UBS Group reduced their price target on Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $264.57.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the company’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 sale, the executive vice president directly owned 16,142 shares of the company’s stock, valued at approximately $3,628,883.02. This represents a 36.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 of the company’s stock, valued at approximately $8,828,291.50. This trade represents a 26.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is currently owned by company insiders.

About Lowe’s Companies

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.