Noesis Capital Mangement Corp Acquires 2,443 Shares of Lowe’s Companies, Inc. $LOW

Noesis Capital Mangement Corp raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,322 shares of the home improvement retailer’s stock after purchasing an additional 2,443 shares during the quarter. Lowe’s Companies makes up 2.4% of Noesis Capital Mangement Corp’s holdings, making the stock its 17th biggest position. Noesis Capital Mangement Corp’s holdings in Lowe’s Companies were worth $16,379,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at $1,993,697,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Lowe’s Companies by 45.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,555,565 shares of the home improvement retailer’s stock worth $1,580,941,000 after buying an additional 2,039,343 shares during the last quarter. J. Stern & Co. LLP lifted its stake in shares of Lowe’s Companies by 7,814.9% during the 4th quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer’s stock worth $359,417,000 after buying an additional 1,471,539 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Lowe’s Companies during the 4th quarter worth about $308,683,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Lowe’s Companies by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock worth $13,560,617,000 after buying an additional 924,625 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $209.44 on Thursday. Lowe’s Companies, Inc. has a 52 week low of $203.40 and a 52 week high of $293.06. The stock has a market capitalization of $117.44 billion, a P/E ratio of 17.70, a PEG ratio of 2.62 and a beta of 0.86. The stock’s fifty day moving average is $217.75 and its 200 day moving average is $242.00.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data 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 net margin of 7.51% and a negative return on equity of 67.96%. Lowe’s Companies’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities 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 company also recently declared 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 a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. Lowe’s Companies’s payout ratio is currently 40.57%.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 2,500 shares of the business’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 transaction, the executive vice president directly owned 20,220 shares in the company, valued at $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Janice Dupre sold 14,150 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the sale, the executive vice president owned 39,785 shares of the company’s stock, valued at $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 25,980 shares of company stock valued at $5,796,937. Company insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on shares of Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Morgan Stanley reduced their price objective on Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Craig Hallum raised Lowe’s Companies to a “buy” rating in a research report on Tuesday, May 12th. Bank of America lowered their target price on Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Finally, Citigroup raised Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 price target for the company in a report on Tuesday, May 12th. 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 stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target 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.