Mariner Investment Group LLC Invests $24.36 Million in Lowe’s Companies, Inc. $LOW

Mariner Investment Group LLC bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 101,000 shares of the home improvement retailer’s stock, valued at approximately $24,357,000. Lowe’s Companies comprises approximately 1.4% of Mariner Investment Group LLC’s portfolio, making the stock its 17th largest holding.

A number of other large investors have also bought and sold shares of the business. Brighton Jones LLC boosted its stake in Lowe’s Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after buying an additional 259 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Lowe’s Companies by 22.3% in the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock valued at $340,000 after buying an additional 280 shares during the last quarter. United Bank raised 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 valued at $2,690,000 after buying an additional 155 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised 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 valued at $528,000 after buying an additional 275 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LOW has been the topic of a number of research analyst reports. Oppenheimer decreased their price objective on shares of Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. BTIG Research lowered shares of Lowe’s Companies to a “reduce” rating in a research report on Tuesday, May 12th. Mizuho decreased their price target on shares of Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Benchmark assumed coverage on Lowe’s Companies in a report on Tuesday, May 12th. They set a “hold” rating on the stock. Finally, Sanford C. Bernstein decreased their price objective on Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Insider Transactions at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 9,330 shares of Lowe’s Companies stock in a transaction that occurred 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 of the company’s stock, valued at $3,628,883.02. This trade represents a 36.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Janice Dupre sold 14,150 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were 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 directly owned 39,785 shares of the company’s stock, valued at $8,828,291.50. The trade was a 26.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

Lowe’s Companies Trading Up 2.2%

Shares of NYSE LOW opened at $222.10 on Friday. Lowe’s Companies, Inc. has a 1 year low of $203.40 and a 1 year high of $293.06. The firm’s 50-day moving average is $227.46 and its 200-day moving average is $245.69. The firm has a market capitalization of $124.53 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.74 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same period in the previous year, the firm posted $2.92 earnings per share. Lowe’s Companies’s revenue for the quarter was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. 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. Lowe’s Companies’s payout ratio is presently 40.57%.

Lowe’s Companies Company 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.