Madison Asset Management LLC Sells 45,502 Shares of Lowe’s Companies, Inc. $LOW

Madison Asset Management LLC lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 12.1% during the first quarter, Holdings Channel reports. The institutional investor owned 330,030 shares of the home improvement retailer’s stock after selling 45,502 shares during the quarter. Madison Asset Management LLC’s holdings in Lowe’s Companies were worth $77,980,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Natixis Advisors LLC lifted its position in Lowe’s Companies by 3.5% during the 4th quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer’s stock worth $152,161,000 after buying an additional 21,119 shares in the last quarter. Bridges Investment Management Inc. increased its position in shares of Lowe’s Companies by 6.1% in the fourth quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer’s stock valued at $107,664,000 after acquiring an additional 25,609 shares during the last quarter. Glenview Trust Co increased its position in shares of Lowe’s Companies by 9.0% in the fourth quarter. Glenview Trust Co now owns 207,797 shares of the home improvement retailer’s stock valued at $50,112,000 after acquiring an additional 17,225 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in Lowe’s Companies by 133.9% during the first quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer’s stock worth $2,222,000 after acquiring an additional 5,383 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in Lowe’s Companies by 2.3% during the fourth quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock worth $239,552,000 after acquiring an additional 22,175 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the completion of the sale, the executive vice president owned 20,220 shares of the company’s stock, valued at $4,525,842.60. This trade represents a 11.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $3,139,885.00. Following the sale, 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 position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 25,980 shares of company stock worth $5,796,937. Company insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on LOW. BNP Paribas Exane decreased their price target on Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating for the company in a research note on Thursday, May 21st. Oppenheimer dropped their price objective on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. Raymond James Financial downgraded Lowe’s Companies from a “market perform” rating to a “market perform” rating in a report on Tuesday, May 12th. Mizuho decreased their target price on shares of Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Finally, Weiss Ratings downgraded shares of Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Twenty-three 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $204.76 on Tuesday. The stock has a 50-day simple moving average of $216.62 and a 200 day simple moving average of $241.29. The stock has a market capitalization of $114.81 billion, a P/E ratio of 17.31, a PEG ratio of 2.64 and a beta of 0.86. Lowe’s Companies, Inc. has a 52 week low of $203.40 and a 52 week high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.06. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same quarter in the prior year, the company earned $2.92 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Research analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be paid a $1.25 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 40.57%.

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.