Isthmus Partners LLC Has $12.24 Million Holdings in Lowe’s Companies, Inc. $LOW

Isthmus Partners LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 6.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 51,798 shares of the home improvement retailer’s stock after acquiring an additional 3,152 shares during the period. Isthmus Partners LLC’s holdings in Lowe’s Companies were worth $12,239,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Swiss RE Ltd. acquired a new stake in Lowe’s Companies in the fourth quarter valued at $25,000. Wilkerson Advisory Group LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth about $27,000. OLD Second National Bank of Aurora raised its holdings in shares of Lowe’s Companies by 52.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 42 shares during the period. United Financial Planning Group LLC acquired a new stake in Lowe’s Companies in the 3rd quarter valued at about $31,000. Finally, Sankala Group LLC bought a new position in Lowe’s Companies during the fourth quarter worth about $33,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Margrethe R. Vagell sold 2,500 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $223.83, for a total transaction of $559,575.00. Following the transaction, the executive vice president directly owned 20,220 shares of the company’s stock, valued at approximately $4,525,842.60. This trade represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Janice Dupre sold 14,150 shares of Lowe’s Companies stock in a transaction dated 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 completion of the sale, the executive vice president owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This trade represents a 26.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is owned by company insiders.

Analysts Set New Price Targets

LOW has been the topic of several research analyst reports. TD Cowen dropped their price objective on Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating on the stock in a research note on Thursday, May 21st. Sanford C. Bernstein reduced their target price on Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Piper Sandler decreased their target price on Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Wolfe Research set a $254.00 price target on Lowe’s Companies in a research note on Thursday, May 21st. Finally, Gordon Haskett cut their price target on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Trading Down 3.7%

Lowe’s Companies stock opened at $212.81 on Thursday. The company has a market capitalization of $119.32 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.79 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 stock’s 50 day moving average is $220.18 and its 200-day moving average is $243.14.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share 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 for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm 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 predict that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently announced 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. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s 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.