Investment Management Corp of Ontario Boosts Holdings in Lowe’s Companies, Inc. $LOW

Investment Management Corp of Ontario lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 24.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,597 shares of the home improvement retailer’s stock after buying an additional 11,716 shares during the period. Investment Management Corp of Ontario’s holdings in Lowe’s Companies were worth $14,372,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Providence Wealth Advisors LLC grew its position in shares of Lowe’s Companies by 0.5% in the 4th quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock valued at $1,959,000 after buying an additional 36 shares during the last quarter. Rather & Kittrell Inc. grew its position in shares of Lowe’s Companies by 0.4% in the 4th quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer’s stock valued at $2,503,000 after buying an additional 38 shares during the last quarter. First Command Advisory Services Inc. grew its position in shares of 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 valued at $711,000 after buying an additional 38 shares during the last quarter. Walkner Condon Financial Advisors LLC grew its position in shares of Lowe’s Companies by 4.3% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer’s stock valued at $228,000 after buying an additional 39 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE grew its position in shares of Lowe’s Companies by 1.1% in the 4th quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer’s stock valued at $898,000 after buying an additional 39 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on LOW. Wells Fargo & Company dropped their target price on shares of Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. KeyCorp dropped their target price on shares of Lowe’s Companies from $300.00 to $275.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. TD Cowen dropped their target price on shares of Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating on the stock in a research report on Thursday, May 21st. Benchmark began coverage on shares of Lowe’s Companies in a research report on Tuesday, May 12th. They issued a “hold” rating on the stock. Finally, Rothschild & Co Redburn increased their target price on shares of Lowe’s Companies from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $264.57.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $217.12 on Thursday. Lowe’s Companies, Inc. has a 1 year low of $203.40 and a 1 year high of $293.06. The company has a market capitalization of $121.74 billion, a P/E ratio of 18.35, a PEG ratio of 2.83 and a beta of 0.86. The company’s fifty day moving average is $227.64 and its two-hundred day moving average is $245.84.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same period last year, the firm posted $2.92 EPS. Lowe’s Companies’s revenue for the quarter was up 10.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities analysts expect 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 given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, July 22nd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s payout ratio is 40.57%.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Janice Dupre sold 14,150 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the transaction, the executive vice president directly 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.29% of the company’s stock.

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.