Lowe’s Companies, Inc. $LOW Shares Acquired by National Pension Service

National Pension Service grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,387,918 shares of the home improvement retailer’s stock after acquiring an additional 37,378 shares during the quarter. National Pension Service owned about 0.25% of Lowe’s Companies worth $306,022,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in Lowe’s Companies by 21,712.9% in the 2nd quarter. California State Teachers Retirement System now owns 182,933,056 shares of the home improvement retailer’s stock valued at $40,334,910,000 after purchasing an additional 182,094,408 shares during the last quarter. BlackRock Inc. lifted its holdings in Lowe’s Companies by 1.8% in the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after purchasing an additional 714,092 shares in the last quarter. State Street Corp boosted its stake in Lowe’s Companies by 0.5% during 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 last quarter. Geode Capital Management LLC grew its holdings in shares of Lowe’s Companies by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock worth $3,201,329,000 after buying an additional 887,579 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth $1,993,697,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Janice Dupré sold 14,150 shares of Lowe’s Companies 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 in the company, valued at $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Juliette Pryor sold 9,330 shares of Lowe’s Companies stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the sale, the executive vice president owned 16,142 shares in the company, valued at $3,628,883.02. This represents a 36.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 25,980 shares of company stock valued at $5,796,937 over the last quarter. 0.29% of the stock is owned by insiders.

Lowe’s Companies Price Performance

NYSE:LOW opened at $198.59 on Thursday. The company’s 50-day moving average is $212.28 and its two-hundred day moving average is $225.83. Lowe’s Companies, Inc. has a 1-year low of $197.14 and a 1-year high of $293.06. The firm has a market capitalization of $111.42 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 2.67 and a beta of 0.85.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.22 by $0.18. The business had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.5%. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LOW shares. Mizuho decreased their price target on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. HSBC dropped their price objective on shares of Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. Wells Fargo & Company decreased their target price on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 11th. UBS Group decreased their target price on shares of Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Finally, Stifel Nicolaus dropped their price target on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating for the company in a research report on Monday, May 18th. 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $257.63.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.