Tidal Investments LLC Has $31.95 Million Stock Position in Lowe’s Companies, Inc. $LOW

Tidal Investments LLC increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 21.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 144,891 shares of the home improvement retailer’s stock after buying an additional 25,448 shares during the quarter. Tidal Investments LLC’s holdings in Lowe’s Companies were worth $31,947,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Natixis Advisors LLC boosted its stake in shares of Lowe’s Companies by 3.5% during the fourth quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer’s stock valued at $152,161,000 after purchasing an additional 21,119 shares in the last quarter. Bridges Investment Management Inc. grew its holdings in shares of Lowe’s Companies by 6.1% during the fourth quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer’s stock worth $107,664,000 after purchasing an additional 25,609 shares during the last quarter. Kathmere Capital Management LLC increased its stake in shares of Lowe’s Companies by 133.9% in the first quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer’s stock valued at $2,222,000 after buying an additional 5,383 shares during the period. Glenview Trust Co increased its stake in shares of Lowe’s Companies by 9.0% in the fourth quarter. Glenview Trust Co now owns 207,797 shares of the home improvement retailer’s stock valued at $50,112,000 after buying an additional 17,225 shares during the period. Finally, LPL Financial LLC raised its holdings in Lowe’s Companies by 2.3% in the 4th quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock valued at $239,552,000 after buying an additional 22,175 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lowe’s Companies

In related news, EVP Juliette Pryor sold 9,330 shares of the 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 directly owned 16,142 shares of the company’s stock, valued at $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies 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 sale, the executive vice president directly owned 20,220 shares of the company’s stock, valued at approximately $4,525,842.60. This trade represents a 11.00% decrease in their ownership of the stock. 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 in the last quarter. 0.29% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LOW has been the topic of several recent research reports. Citigroup cut their target price on shares of Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. Sanford C. Bernstein decreased their price target on shares of Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating for the company in a research report on Wednesday. Morgan Stanley reiterated an “overweight” rating on shares of Lowe’s Companies in a report on Thursday, August 20th. Evercore reduced their price objective on shares of Lowe’s Companies from $250.00 to $230.00 in a research note on Thursday, May 21st. Finally, Weiss Ratings lowered Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 17th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $257.63.

Lowe’s Companies Stock Down 1.1%

LOW opened at $198.59 on Thursday. Lowe’s Companies, Inc. has a twelve month low of $197.14 and a twelve month high of $293.06. The company has a fifty day moving average of $212.28 and a 200-day moving average of $225.83. The stock has a market cap of $111.42 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.67 and a beta of 0.85.

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

Lowe’s Companies Announces Dividend

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

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.