Cane Capital Partners LLC Acquires New Shares in Lowe’s Companies, Inc. $LOW

Cane Capital Partners LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,040 shares of the home improvement retailer’s stock, valued at approximately $2,180,000. Lowe’s Companies makes up about 0.9% of Cane Capital Partners LLC’s holdings, making the stock its 27th biggest holding.

Several other large investors have also bought and sold shares of LOW. Wellington Management Group LLP grew its position in Lowe’s Companies by 102.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock worth $1,056,585,000 after acquiring an additional 2,122,622 shares during the last quarter. Victory Capital Management Inc. grew its position in Lowe’s Companies by 207.2% during the 3rd quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock worth $517,218,000 after acquiring an additional 1,388,133 shares during the last quarter. Worldquant Millennium Advisors LLC grew its position in Lowe’s Companies by 243.2% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock worth $247,817,000 after acquiring an additional 791,526 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Lowe’s Companies by 101.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,244,941 shares of the home improvement retailer’s stock worth $312,866,000 after acquiring an additional 626,829 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Lowe’s Companies by 45.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,899,114 shares of the home improvement retailer’s stock worth $477,266,000 after acquiring an additional 593,779 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. Robert W. Baird lifted their target price on Lowe’s Companies from $290.00 to $320.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Evercore cut their target price on Lowe’s Companies from $250.00 to $245.00 in a report on Tuesday, March 31st. Guggenheim lifted their target price on Lowe’s Companies from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. DA Davidson reaffirmed a “neutral” rating and set a $275.00 target price on shares of Lowe’s Companies in a report on Thursday, February 26th. Finally, Morgan Stanley lifted their target price on Lowe’s Companies from $270.00 to $296.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Twenty-two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $289.24.

Lowe’s Companies Trading Down 1.6%

Shares of LOW opened at $231.34 on Wednesday. The company has a market capitalization of $129.56 billion, a PE ratio of 19.52, a PEG ratio of 5.02 and a beta of 0.97. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $293.06. The stock’s 50-day moving average price is $256.58 and its two-hundred day moving average price is $250.21.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.94 by $0.04. The firm had revenue of $20.59 billion for the quarter, compared to the consensus estimate of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be paid 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 of this dividend is Wednesday, April 22nd. Lowe’s Companies’s payout ratio is currently 40.51%.

Insider Activity

In other news, CEO Marvin R. Ellison sold 18,000 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the transaction, the chief executive officer directly 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by corporate insiders.

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.