Royal London Asset Management Ltd. Sells 5,020 Shares of Lowe’s Companies, Inc. $LOW

Royal London Asset Management Ltd. reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 253,218 shares of the home improvement retailer’s stock after selling 5,020 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Lowe’s Companies were worth $55,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mufg Securities Americas Inc. lifted its holdings in shares of Lowe’s Companies by 8.7% during the 2nd quarter. Mufg Securities Americas Inc. now owns 16,868 shares of the home improvement retailer’s stock valued at $3,719,000 after buying an additional 1,346 shares during the period. Nissay Asset Management Corp Japan lifted its position in shares of Lowe’s Companies by 4.0% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 75,116 shares of the home improvement retailer’s stock valued at $16,562,000 after buying an additional 2,882 shares in the last quarter. BNP Paribas boosted its position in shares of Lowe’s Companies by 50.0% in the second quarter. BNP Paribas now owns 1,200 shares of the home improvement retailer’s stock worth $265,000 after purchasing an additional 400 shares during the period. Field & Main Bank bought a new position in Lowe’s Companies in the 2nd quarter worth $60,000. Finally, Tilia Fiduciary Partners Inc. boosted its stake in shares of Lowe’s Companies by 4.6% in the second quarter. Tilia Fiduciary Partners Inc. now owns 12,353 shares of the home improvement retailer’s stock worth $2,724,000 after acquiring an additional 539 shares during the period. Institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In related news, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Janice Dupre sold 14,150 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the completion of the transaction, the executive vice president directly owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This trade represents a 26.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 25,980 shares of company stock valued at $5,796,937. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the subject of several research analyst reports. Mizuho cut their target price on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. BTIG Research lowered Lowe’s Companies to a “reduce” rating in a report on Tuesday, May 12th. BNP Paribas Exane reduced their price objective on shares of Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating on the stock in a research report on Thursday, May 21st. Truist Financial decreased their target price on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Finally, Benchmark assumed coverage on shares of Lowe’s Companies in a research note on Tuesday, May 12th. They issued a “hold” rating on the stock. Twenty-three investment 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. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $258.53.

Lowe’s Companies Trading Up 0.7%

Shares of Lowe’s Companies stock opened at $208.20 on Friday. The stock’s fifty day moving average price is $215.10 and its 200-day moving average price is $230.79. The firm has a market cap of $116.74 billion, a P/E ratio of 17.60, a P/E/G ratio of 2.77 and a beta of 0.86. Lowe’s Companies, Inc. has a 12 month low of $199.40 and a 12 month high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same period in the prior year, the firm earned $4.33 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Analysts forecast that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current year.

Lowe’s Companies 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.