Whittier Trust Co. Increases Stake in Lowe’s Companies, Inc. $LOW

Whittier Trust Co. raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,746 shares of the home improvement retailer’s stock after purchasing an additional 3,467 shares during the quarter. Whittier Trust Co.’s holdings in Lowe’s Companies were worth $16,875,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after buying an additional 17,413 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after acquiring an additional 259 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Lowe’s Companies by 22.3% during the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock worth $340,000 after acquiring an additional 280 shares in the last quarter. United Bank boosted its holdings in shares of Lowe’s Companies by 1.3% in the second quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after acquiring an additional 155 shares during the period. Finally, Schnieders Capital Management LLC. boosted its holdings in shares of Lowe’s Companies by 13.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock worth $528,000 after acquiring an additional 275 shares during the period. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling

In related news, EVP Juliette Williams Pryor sold 9,330 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 16,142 shares in the company, valued at approximately $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were 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 directly owned 20,220 shares in the company, valued at $4,525,842.60. This represents a 11.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 25,980 shares of company stock worth $5,796,937. Insiders own 0.29% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $227.26 on Monday. The firm has a market capitalization of $127.43 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 2.87 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. The stock has a fifty day moving average of $221.70 and a 200 day moving average of $243.74.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.97 by $0.06. The business had revenue of $23.08 billion during the quarter, compared to analysts’ expectations of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities analysts forecast that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. Lowe’s Companies’s payout ratio is presently 40.57%.

Analyst Ratings Changes

LOW has been the topic of a number of analyst reports. Royal Bank Of Canada decreased their price objective on Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 21st. William Blair began coverage on Lowe’s Companies in a research note on Tuesday, May 12th. They issued an “overweight” rating for the company. Wolfe Research set a $254.00 target price on Lowe’s Companies in a report on Thursday, May 21st. Stifel Nicolaus decreased their price target on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Finally, HSBC lowered their price target on shares of Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

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.