Danica Pension Livsforsikringsaktieselskab Acquires 49,271 Shares of Lowe’s Companies, Inc. $LOW

by · The Cerbat Gem

Danica Pension Livsforsikringsaktieselskab boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 312.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,061 shares of the home improvement retailer’s stock after buying an additional 49,271 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in Lowe’s Companies were worth $15,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LOW. Swiss RE Ltd. bought a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $25,000. Wilkerson Advisory Group LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $27,000. OLD Second National Bank of Aurora increased its holdings in shares of Lowe’s Companies by 52.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 42 shares during the last quarter. Sankala Group LLC bought a new stake in Lowe’s Companies in the 4th quarter valued at $33,000. Finally, Triumph Capital Management bought a new stake in Lowe’s Companies in the 3rd quarter valued at $34,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.5%

NYSE:LOW opened at $203.62 on Wednesday. The stock has a market cap of $114.17 billion, a P/E ratio of 17.21, a PEG ratio of 2.58 and a beta of 0.86. The stock has a 50 day simple moving average of $216.19 and a 200 day simple moving average of $241.02. Lowe’s Companies, Inc. has a 1-year low of $201.88 and a 1-year high of $293.06.

Lowe’s Companies (NYSE:LOWGet Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The firm had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is currently 40.57%.

Insider Activity at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 9,330 shares of the firm’s stock in a transaction dated 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 approximately $3,628,883.02. This trade represents a 36.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction dated Thursday, June 18th. The stock was 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 owned 20,220 shares of the company’s stock, valued at $4,525,842.60. This trade represents a 11.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 25,980 shares of company stock worth $5,796,937. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on LOW. KeyCorp reduced their price objective on shares of Lowe’s Companies from $300.00 to $275.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. DA Davidson reiterated a “neutral” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a report on Wednesday, May 20th. The Goldman Sachs Group dropped their price objective on shares of Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Bank of America cut their target price on shares of Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Finally, Wolfe Research set a $254.00 target price on shares of Lowe’s Companies in a report on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $264.57.

Read Our Latest Stock Analysis on Lowe’s Companies

About Lowe’s Companies

(Free Report)

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.

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