Deutsche Bank AG Has $349.16 Million Holdings in Lowe's Companies, Inc. $LOW

Key Points

• Deutsche Bank increased its Lowe’s position by 1.6% in the second quarter, owning 1.58 million shares valued at approximately $349.16 million. Institutional investors and hedge funds collectively own 74.06% of Lowe’s stock.
• Lowe’s insiders sold 25,980 shares worth about $5.8 million over the past 90 days, while insider ownership stands at just 0.29%.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $262.63. Lowe’s recently beat quarterly earnings and revenue estimates and raised its quarterly dividend from $1.20 to $1.25 per share.

Deutsche Bank AG boosted its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,583,569 shares of the home improvement retailer's stock after purchasing an additional 25,199 shares during the quarter. Deutsche Bank AG owned about 0.28% of Lowe's Companies worth $349,161,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Natixis Advisors LLC increased its position in shares of Lowe's Companies by 3.5% in the fourth quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer's stock worth $152,161,000 after purchasing an additional 21,119 shares during the period. Bridges Investment Management Inc. increased its position in Lowe's Companies by 6.1% during the 4th quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer's stock worth $107,664,000 after purchasing an additional 25,609 shares in the last quarter. Kathmere Capital Management LLC lifted its stake in shares of Lowe's Companies by 133.9% in the 1st quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer's stock valued at $2,222,000 after acquiring an additional 5,383 shares during the last quarter. Glenview Trust Co raised its position in Lowe's Companies by 9.0% in the fourth quarter. Glenview Trust Co now owns 207,797 shares of the home improvement retailer's stock valued at $50,112,000 after purchasing an additional 17,225 shares during the last quarter. Finally, LPL Financial LLC boosted its position in Lowe's Companies by 2.3% during the 4th quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer's stock worth $239,552,000 after buying an additional 22,175 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Insiders Place Their Bets

In related news, EVP Margrethe R. Vagell sold 2,500 shares of Lowe's Companies stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value 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. The trade was a 11.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Janice Dupre sold 14,150 shares of the firm's stock in a transaction dated Tuesday, June 16th. The stock was 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 $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Sanford C. Bernstein decreased their price objective on shares of Lowe's Companies from $303.00 to $281.00 and set an "outperform" rating for the company in a research report on Thursday, May 14th. HSBC dropped their price target on Lowe's Companies from $260.00 to $220.00 and set a "hold" rating on the stock in a report on Thursday, May 21st. Morgan Stanley lowered their target price on Lowe's Companies from $292.00 to $277.00 and set an "overweight" rating on the stock in a research note on Thursday, May 21st. TD Cowen dropped their price target on shares of Lowe's Companies from $280.00 to $235.00 and set a "hold" rating on the stock in a research note on Thursday, May 21st. Finally, Stifel Nicolaus decreased their target price 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. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $262.63.

Lowe's Companies Price Performance

LOW stock opened at $215.67 on Tuesday. The firm has a 50-day moving average of $216.15 and a 200 day moving average of $234.16. The company has a market cap of $120.93 billion, a P/E ratio of 18.23, a PEG ratio of 2.79 and a beta of 0.86. Lowe's Companies, Inc. has a 1 year low of $199.40 and a 1 year high of $293.06.

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 the consensus estimate 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 business had revenue of $23.08 billion during the quarter, compared to analyst estimates of $22.98 billion. During the same quarter last year, the firm posted $2.92 earnings per share. 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. On average, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Wednesday, July 22nd. This is an increase from Lowe's Companies's previous quarterly dividend of $1.20. Lowe's Companies's dividend payout ratio (DPR) is presently 42.27%.

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.

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