Saturna Capital Corp Lowers Stock Holdings in Lowe’s Companies, Inc. $LOW

Saturna Capital Corp trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 419,371 shares of the home improvement retailer’s stock after selling 6,553 shares during the period. Lowe’s Companies makes up approximately 1.3% of Saturna Capital Corp’s holdings, making the stock its 22nd largest position. Saturna Capital Corp owned approximately 0.07% of Lowe’s Companies worth $101,136,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. United Financial Planning Group LLC purchased a new position in shares of Lowe’s Companies during the third quarter valued at approximately $31,000. OLD Second National Bank of Aurora increased its position 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 valued at $29,000 after acquiring an additional 42 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Lowe’s Companies during the third quarter valued at approximately $34,000. Financial Life Planners bought a new stake in shares of Lowe’s Companies during the third quarter valued at approximately $36,000. Finally, Ares Financial Consulting LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $36,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LOW shares. Wells Fargo & Company reduced their price target on shares of Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Truist Financial reduced their price target on shares of Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Sanford C. Bernstein reduced their price target on shares of Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. JPMorgan Chase & Co. reduced their price target on shares of Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Finally, Argus raised their price target on shares of Lowe’s Companies from $286.00 to $288.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Trading Down 0.5%

Shares of LOW opened at $216.26 on Thursday. The firm has a market cap of $121.26 billion, a PE ratio of 18.28, a P/E/G ratio of 2.74 and a beta of 0.86. The firm has a fifty day simple moving average of $228.98 and a two-hundred day simple moving average of $246.41. Lowe’s Companies, Inc. has a 1-year low of $203.40 and a 1-year high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The business had revenue of $23.08 billion during the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company’s quarterly 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. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 12.48 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio is 40.57%.

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.