Lowe’s Companies, Inc. $LOW Shares Sold by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 88.2% in the first quarter, Holdings Channel.com reports. The fund owned 726 shares of the home improvement retailer’s stock after selling 5,409 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Lowe’s Companies were worth $172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LOW. Norges Bank acquired a new position in Lowe’s Companies in the fourth quarter worth $1,993,697,000. Wellington Management Group LLP lifted its position in shares of Lowe’s Companies by 102.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock worth $1,056,585,000 after buying an additional 2,122,622 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Lowe’s Companies by 45.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,555,565 shares of the home improvement retailer’s stock valued at $1,580,941,000 after buying an additional 2,039,343 shares during the period. J. Stern & Co. LLP boosted its holdings in shares of Lowe’s Companies by 7,814.9% in the 4th quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer’s stock valued at $359,417,000 after buying an additional 1,471,539 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Lowe’s Companies during the 4th quarter valued at about $308,683,000. 74.06% of the stock is currently owned by institutional investors.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies 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 sale, the executive vice president owned 20,220 shares of the company’s stock, valued at $4,525,842.60. The trade was a 11.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Juliette Williams Pryor sold 9,330 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the transaction, the executive vice president owned 16,142 shares of the company’s stock, valued at $3,628,883.02. This trade represents a 36.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 25,980 shares of company stock worth $5,796,937. Company insiders own 0.29% of the company’s stock.

Lowe’s Companies Stock Up 0.0%

Shares of NYSE:LOW opened at $212.93 on Friday. The company has a market cap of $119.39 billion, a PE ratio of 18.00, a P/E/G ratio of 2.69 and a beta of 0.86. The company’s 50-day moving average price is $219.64 and its 200 day moving average price is $242.94. Lowe’s Companies, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $293.06.

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. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The firm had revenue of $23.08 billion during the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter in the prior year, the firm earned $2.92 EPS. Lowe’s Companies’s quarterly revenue 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 anticipate that Lowe’s Companies, Inc. will post 12.48 EPS 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. Stockholders of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s payout ratio is presently 40.57%.

Analysts Set New Price Targets

A number of brokerages have issued reports on LOW. Craig Hallum raised shares of Lowe’s Companies to a “buy” rating in a report on Tuesday, May 12th. Oppenheimer lowered their target price on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating for the company in a report on Monday, May 18th. Robert W. Baird lowered their target price on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. KeyCorp dropped their price target on 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. Finally, HSBC cut their price target on 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 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $264.57.

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.