Convergence Financial LLC Increases Stock Holdings in Lowe's Companies, Inc. $LOW

Key Points

• Convergence Financial increased its Lowe’s position by 82.1% in the second quarter, adding 7,319 shares for a total holding of 16,229 shares valued at approximately $3.58 million. Institutional investors collectively own 74.06% of the company.
• Lowe’s reported quarterly EPS of $3.03, topping estimates of $2.97, while revenue rose 10.3% year over year to $23.08 billion. The company also raised its quarterly dividend to $1.25 per share, equivalent to a 2.3% yield.
• Shares opened at $218.19, well below the 52-week high of $293.06. Analysts maintain a “Moderate Buy” consensus with an average price target of $262.63, although several firms recently lowered their targets and company insiders sold shares.

Convergence Financial LLC raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 82.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,229 shares of the home improvement retailer's stock after acquiring an additional 7,319 shares during the quarter. Convergence Financial LLC's holdings in Lowe's Companies were worth $3,578,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LOW. Swiss RE Ltd. acquired a new stake in shares of Lowe's Companies during the fourth quarter worth about $25,000. Wilkerson Advisory Group LLC acquired a new position in shares of Lowe's Companies in the fourth quarter valued at approximately $27,000. Sankala Group LLC acquired a new position in shares of Lowe's Companies in the fourth quarter valued at approximately $33,000. Triumph Capital Management purchased a new stake in Lowe's Companies during the 3rd quarter worth approximately $34,000. Finally, Ares Financial Consulting LLC purchased a new stake in Lowe's Companies during the 4th quarter worth approximately $36,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe's Companies Stock Down 0.1%

Shares of Lowe's Companies stock opened at $218.19 on Monday. Lowe's Companies, Inc. has a 52-week low of $199.40 and a 52-week high of $293.06. The company has a 50 day moving average of $216.00 and a 200 day moving average of $234.57. The company 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 announced 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. Lowe's Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same period in the prior year, the firm posted $2.92 EPS. The company's quarterly revenue was up 10.3% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

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

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 9,330 shares of Lowe's Companies stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the completion of the sale, the executive vice president directly owned 16,142 shares of the company's stock, valued at $3,628,883.02. The trade was a 36.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Margrethe R. Vagell sold 2,500 shares of the company's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the transaction, the executive vice president directly owned 20,220 shares of the company's stock, valued at approximately $4,525,842.60. This represents a 11.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 25,980 shares of company stock valued at $5,796,937 over the last quarter. 0.29% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Jefferies Financial Group decreased their price target on shares of Lowe's Companies from $305.00 to $278.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. Sanford C. Bernstein cut their price objective on Lowe's Companies from $303.00 to $281.00 and set an "outperform" rating on the stock in a research report on Thursday, May 14th. William Blair started coverage on Lowe's Companies in a research report on Tuesday, May 12th. They set an "overweight" rating on the stock. Stifel Nicolaus reduced their price objective on Lowe's Companies from $270.00 to $220.00 and set a "hold" rating on the stock in a research note on Monday, May 18th. Finally, KeyCorp decreased their target price on Lowe's Companies from $300.00 to $275.00 and set an "overweight" rating for the company in a report on Thursday, May 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and an average 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

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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