Varma Mutual Pension Insurance Co Has $21.26 Million Stake in Lowe’s Companies, Inc. $LOW

Varma Mutual Pension Insurance Co boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 4.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,163 shares of the home improvement retailer’s stock after purchasing an additional 3,400 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Lowe’s Companies were worth $21,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LOW. Brighton Jones LLC raised its stake in Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after buying an additional 259 shares during the period. Sivia Capital Partners LLC increased its holdings in Lowe’s Companies by 22.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock valued at $340,000 after buying an additional 280 shares during the period. United Bank increased its holdings in Lowe’s Companies by 1.3% in the 2nd quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock valued at $2,690,000 after buying an additional 155 shares during the period. Finally, Schnieders Capital Management LLC. increased its holdings in Lowe’s Companies by 13.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock valued at $528,000 after buying an additional 275 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on LOW. Wells Fargo & Company raised their target price on shares of Lowe’s Companies from $280.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Barclays raised shares of Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 target price on the stock in a report on Wednesday, January 7th. Robert W. Baird raised their target price on shares of Lowe’s Companies from $290.00 to $320.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Sanford C. Bernstein decreased their target price on shares of Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Finally, Argus raised their target price on shares of Lowe’s Companies from $286.00 to $288.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $289.10.

View Our Latest Research Report on LOW

Lowe’s Companies Trading Up 0.1%

Shares of Lowe’s Companies stock opened at $233.55 on Monday. The firm has a market capitalization of $130.80 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 5.07 and a beta of 0.91. The firm’s 50 day moving average is $245.40 and its 200 day moving average is $249.98. Lowe’s Companies, Inc. has a 1 year low of $210.33 and a 1 year high of $293.06.

Lowe’s Companies (NYSE:LOW – Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.04. The company had revenue of $20.59 billion for the quarter, compared to analyst estimates of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 12.61 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe’s Companies’s payout ratio is 40.51%.

Lowe’s Companies Profile

(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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