AlTi Global Inc. Sells 5,483 Shares of Lowe's Companies, Inc. $LOW

Key Points

• AlTi Global cut its Lowe’s stake by 50.7% in the second quarter, selling 5,483 shares and retaining 5,334 shares worth approximately $1.18 million.
• Lowe’s reported quarterly EPS of $3.03, exceeding estimates of $2.97, while revenue rose 10.3% year over year to $23.08 billion. The company also increased its quarterly dividend to $1.25 per share, implying a 2.3% yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $262.63, although several firms recently reduced their targets. The stock opened at $218.19, below its 200-day moving average of $234.57.

AlTi Global Inc. lessened its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 50.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,334 shares of the home improvement retailer's stock after selling 5,483 shares during the period. AlTi Global Inc.'s holdings in Lowe's Companies were worth $1,176,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Swiss RE Ltd. purchased a new position in Lowe's Companies in the fourth quarter valued at approximately $25,000. Wilkerson Advisory Group LLC purchased a new position in shares of Lowe's Companies during the 4th quarter valued at $27,000. Sankala Group LLC bought a new position in shares of Lowe's Companies during the 4th quarter worth $33,000. Triumph Capital Management bought a new position in shares of Lowe's Companies during the 3rd quarter worth $34,000. Finally, Ares Financial Consulting LLC bought a new position in shares of Lowe's Companies during the 4th quarter worth $36,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Down 0.1%

Shares of NYSE LOW opened at $218.19 on Monday. The stock's 50-day simple moving average is $216.00 and its two-hundred day simple moving average is $234.57. Lowe's Companies, Inc. has a twelve month low of $199.40 and a twelve month high of $293.06. The firm has a market capitalization of $122.34 billion, a P/E ratio of 18.44, a P/E/G ratio of 2.79 and a beta of 0.86.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.97 by $0.06. Lowe's Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter last year, the company posted $2.92 EPS. The company's revenue for the quarter was up 10.3% on a year-over-year basis. Lowe's Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, research analysts anticipate that Lowe's Companies, Inc. will post 12.43 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd were given a dividend of $1.25 per share. This is an increase from Lowe's Companies's previous quarterly dividend of $1.20. The ex-dividend date was Wednesday, July 22nd. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Lowe's Companies's dividend payout ratio is 42.27%.

Analyst Ratings Changes

LOW has been the topic of a number of research reports. Benchmark began coverage on Lowe's Companies in a research note on Tuesday, May 12th. They issued a "hold" rating on the stock. Stifel Nicolaus reduced their target price on shares of Lowe's Companies from $270.00 to $220.00 and set a "hold" rating for the company in a research note on Monday, May 18th. Evercore lowered their price target on shares of Lowe's Companies from $250.00 to $230.00 in a research report on Thursday, May 21st. William Blair began coverage on shares of Lowe's Companies in a report on Tuesday, May 12th. They issued an "overweight" rating for the company. Finally, Raymond James Financial lowered shares of Lowe's Companies from a "market perform" rating to a "market perform" rating in a research note on Tuesday, May 12th. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $262.63.

Key Lowe's Companies News

Here are the key news stories impacting Lowe's Companies this week:

• Positive Sentiment: Lowe’s is described as trading at its lowest forward price-to-earnings multiple in more than two years. Its status as a Dividend King, along with a recent dividend increase, strengthens the long-term income-investment case. 1 Number That Makes Lowe's Stock an Obvious Buy Before Aug. 19
• Positive Sentiment: Several analysts remain moderately optimistic despite the recent underperformance. Citigroup retained a “buy” rating while lowering its price target to $267 from $285, and Wells Fargo’s reduced target of $245 still implies meaningful upside from recent levels. Citigroup Lowe's Price Target Update
• Positive Sentiment: Investor articles argue that a series of downward Q2 EPS estimate revisions may have lowered expectations and created the potential for a favorable earnings surprise. The longer-term bull case remains tied to Lowe’s brand strength, home-improvement demand and operating potential. Lowe's Q2 EPS Revisions
• Neutral Sentiment: Wall Street projections for the quarter ended July 2026 are focusing on key operating metrics beyond revenue and EPS. The Aug. 19 report is the next major catalyst and could determine the near-term direction of the shares. Insights Into Lowe's Q2 Wall Street Projections
• Neutral Sentiment: Lowe’s has completed a five-year, $100 million hometown revitalization commitment and announced additional community investments. These efforts may support brand reputation but are unlikely to materially affect near-term earnings. Is Lowe's Companies Undervalued As Its Earnings Call Nears?
• Negative Sentiment: Royal Bank of Canada lowered its expectations for Lowe’s, adding to concerns about near-term performance ahead of earnings. The company also faces elevated expectations around its upcoming results despite recent estimate reductions. Royal Bank of Canada Lowe's Expectations

Insider Activity

In related news, EVP Janice Dupre sold 14,150 shares of the company's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total value of $3,139,885.00. Following the completion of the transaction, the executive vice president directly owned 39,785 shares in the company, valued at approximately $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Juliette Williams Pryor sold 9,330 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the transaction, the executive vice president directly owned 16,142 shares in the company, valued at approximately $3,628,883.02. This represents a 36.63% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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