Deutsche Bank AG Boosts Holdings in Lowe’s Companies, Inc. $LOW

Deutsche Bank AG lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,583,569 shares of the home improvement retailer’s stock after buying an additional 25,199 shares during the quarter. Deutsche Bank AG’s holdings in Lowe’s Companies were worth $349,161,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. Vanguard Group Inc. boosted its position 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 valued at $13,560,617,000 after acquiring an additional 924,625 shares during the last quarter. State Street Corp raised its position in Lowe’s Companies by 0.5% in the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock worth $6,291,867,000 after purchasing an additional 124,501 shares during the period. Geode Capital Management LLC lifted its stake in shares of Lowe’s Companies by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock worth $3,201,329,000 after acquiring an additional 887,579 shares during the last quarter. Norges Bank purchased a new stake in shares of Lowe’s Companies during the fourth quarter valued at $1,993,697,000. Finally, Northern Trust Corp boosted its position in Lowe’s Companies by 1.5% in the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock valued at $1,716,467,000 after buying an additional 103,827 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

NYSE LOW opened at $215.67 on Tuesday. The company has a market cap of $120.93 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.79 and a beta of 0.86. Lowe’s Companies, Inc. has a one year low of $199.40 and a one year high of $293.06. The business has a fifty day moving average price of $216.15 and a 200 day moving average price of $234.16.

Lowe’s Companies (NYSE:LOW) last issued its 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. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The business had revenue of $23.08 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same period in the previous year, the firm posted $2.92 EPS. The business’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, sell-side analysts predict that Lowe’s Companies, Inc. will post 12.43 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a 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 was Wednesday, July 22nd. Lowe’s Companies’s payout ratio is 42.27%.

Insider Activity

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 9,330 shares of the business’s 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 completion of the transaction, the executive vice president owned 16,142 shares in the company, valued at $3,628,883.02. The trade was a 36.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the sale, the executive vice president directly owned 20,220 shares of the company’s stock, 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 ninety days, insiders sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein dropped their price target 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. HSBC reduced their price target on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating on the stock in a research report on Thursday, May 21st. Telsey Advisory Group dropped their target price on shares of Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. UBS Group cut their price objective on Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Gordon Haskett reduced their target price on shares of 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 assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $262.63.

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.