Empowered Funds LLC Has $26.50 Million Holdings in Lowe’s Companies, Inc. $LOW

Empowered Funds LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 112,159 shares of the home improvement retailer’s stock after purchasing an additional 5,126 shares during the quarter. Empowered Funds LLC’s holdings in Lowe’s Companies were worth $26,501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LOW. Quantinno Capital Management LP boosted its stake in shares of Lowe’s Companies by 30.0% in the 1st quarter. Quantinno Capital Management LP now owns 393,883 shares of the home improvement retailer’s stock valued at $93,067,000 after purchasing an additional 90,805 shares during the last quarter. Gateway Wealth Partners LLC raised its stake in Lowe’s Companies by 170.1% during the first quarter. Gateway Wealth Partners LLC now owns 3,536 shares of the home improvement retailer’s stock worth $836,000 after buying an additional 2,227 shares during the last quarter. Weiss Asset Management LP lifted its holdings in Lowe’s Companies by 37.4% in the first quarter. Weiss Asset Management LP now owns 12,432 shares of the home improvement retailer’s stock valued at $2,937,000 after buying an additional 3,385 shares during the period. Lombard Odier Asset Management Switzerland SA lifted its holdings in Lowe’s Companies by 15.1% in the first quarter. Lombard Odier Asset Management Switzerland SA now owns 28,806 shares of the home improvement retailer’s stock valued at $6,806,000 after buying an additional 3,772 shares during the period. Finally, Lombard Odier Asset Management USA Corp bought a new stake in Lowe’s Companies during the first quarter valued at $338,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. BTIG Research lowered Lowe’s Companies to a “reduce” rating in a research report on Tuesday, May 12th. Piper Sandler lowered their target price on Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Telsey Advisory Group dropped their price target on Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Finally, Mizuho cut their price target on Lowe’s Companies from $294.00 to $280.00 and set an “outperform” 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 issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $264.57.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 9,330 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the transaction, the executive vice president 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 filing with the SEC, which is accessible through this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of the firm’s stock in a transaction 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. This trade represents a 11.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, 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

LOW stock opened at $211.49 on Tuesday. The stock’s 50 day simple moving average is $215.08 and its 200 day simple moving average is $239.94. The company has a market cap of $118.58 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 2.62 and a beta of 0.86. Lowe’s Companies, Inc. has a fifty-two week low of $199.40 and a fifty-two week high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The firm 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 company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities analysts predict 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. Shareholders of record on Wednesday, July 22nd will be paid 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 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 presently 42.27%.

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.