Nordea Investment Management AB Acquires 32,531 Shares of Lowe’s Companies, Inc. $LOW

Nordea Investment Management AB increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 443,259 shares of the home improvement retailer’s stock after purchasing an additional 32,531 shares during the period. Nordea Investment Management AB owned 0.08% of Lowe’s Companies worth $107,419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LOW. Howard Hughes Medical Institute bought a new stake in shares of Lowe’s Companies during the second quarter valued at approximately $27,000. Activest Wealth Management lifted its holdings in shares of Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 51 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in shares of Lowe’s Companies by 128.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 76 shares during the last quarter. United Financial Planning Group LLC bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at about $31,000. Finally, Triumph Capital Management bought a new position in Lowe’s Companies during the third quarter valued at approximately $34,000. 74.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on LOW shares. Guggenheim increased their price objective on shares of Lowe’s Companies from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Telsey Advisory Group upped their price objective on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday, February 25th. The Goldman Sachs Group raised their price target on Lowe’s Companies from $283.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Gordon Haskett cut their target price on shares of Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Twenty-one analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $289.76.

Insider Buying and Selling at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the transaction, the chief executive officer owned 231,043 shares of the company’s stock, valued at $60,341,500.31. The trade was a 7.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Down 2.0%

LOW opened at $225.03 on Monday. The firm has a market cap of $126.23 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 4.88 and a beta of 0.98. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $293.06. The stock has a fifty day moving average price of $266.50 and a 200-day moving average price of $253.22.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The company had revenue of $20.58 billion for the quarter, compared to the consensus estimate of $20.34 billion. During the same quarter last year, the company earned $1.93 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 40.51%.

About Lowe’s Companies

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.