Public Employees Retirement System of Ohio Sells 19,989 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Ohio’s public employees’ retirement system cut its Lowe’s stake by 8.5% in the second quarter, selling 19,989 shares and retaining 215,440 shares valued at approximately $47.5 million. Institutional investors and hedge funds collectively own 74.06% of the stock.
• Lowe’s reported mixed quarterly results, with EPS of $4.40 exceeding estimates of $4.22, while revenue of $25.96 billion missed the $26.13 billion consensus; revenue nevertheless rose 8.3% year over year.
• The stock opened at $206.98, below its 50-day and 200-day moving averages, while analysts maintained a “Moderate Buy” consensus with an average price target of $258.53. DIY weakness, subdued housing activity and tariff-related costs remain key risks.

Public Employees Retirement System of Ohio reduced its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 215,440 shares of the home improvement retailer's stock after selling 19,989 shares during the period. Public Employees Retirement System of Ohio's holdings in Lowe's Companies were worth $47,502,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Natixis Advisors LLC raised its holdings in 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. grew its holdings in shares of Lowe's Companies by 6.1% in the 4th quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer's stock valued at $107,664,000 after buying an additional 25,609 shares during the period. Kathmere Capital Management LLC increased its position 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 buying an additional 5,383 shares in the last quarter. Glenview Trust Co increased its position in shares of Lowe's Companies by 9.0% in the 4th quarter. Glenview Trust Co now owns 207,797 shares of the home improvement retailer's stock valued at $50,112,000 after buying an additional 17,225 shares in the last quarter. Finally, LPL Financial LLC raised its stake 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. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Janice Dupre sold 14,150 shares of the business'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 transaction, the executive vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of the company's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total transaction of $559,575.00. Following the sale, the executive vice president directly owned 20,220 shares in the company, 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. Insiders sold 25,980 shares of company stock valued at $5,796,937 over the last quarter. Insiders own 0.29% of the company's stock.

Lowe's Companies Price Performance

NYSE:LOW opened at $206.98 on Friday. The firm's 50 day simple moving average is $215.38 and its 200 day simple moving average is $230.95. Lowe's Companies, Inc. has a one year low of $199.40 and a one year high of $293.06. The company has a market cap of $116.05 billion, a PE ratio of 17.50, a P/E/G ratio of 2.80 and a beta of 0.86.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.22 by $0.18. The firm had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. Lowe's Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $4.33 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities research analysts expect that Lowe's Companies, Inc. will post 12.26 EPS for the current year.

Key Headlines Impacting Lowe's Companies

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

• Positive Sentiment: Professional and online sales are key growth drivers. Lowe’s said Pro-customer demand and e-commerce growth helped offset weakness in DIY-related purchases, providing support while housing turnover remains subdued. Lowe's Q2 2027 Earnings Call Transcript
• Positive Sentiment: Valuation may be attractive for long-term investors. Morningstar reportedly estimates Lowe’s shares trade at roughly a 15% discount to fair value and sees stronger long-term prospects, supporting the stock’s housing-recovery thesis. Home Depot Or Lowe’s? Morningstar Says One Home-Improvement Stock Looks Cheaper
• Positive Sentiment: Dividend support remains an important part of the investment case. Recent commentary suggests Lowe’s long dividend history is backed by a more durable position than some other retailers, although investors are monitoring balance-sheet leverage and payout coverage. Target or Lowe’s: Whose Dividend Streak Cracks First?
• Neutral Sentiment: Recent earnings were mixed. Lowe’s exceeded consensus earnings expectations with $4.40 per share versus $4.22 expected, but revenue of $25.96 billion fell short of the $26.13 billion estimate. Revenue still increased 8.3% year over year. Lowe’s Just Reported Earnings
• Negative Sentiment: DIY weakness and frozen housing activity remain the main overhangs. Fewer home transactions and limited remodeling activity are pressuring discretionary projects, making Lowe’s increasingly dependent on Pro customers and online channels for growth. Home Depot vs. Lowe’s: One Housing Recovery Play Stands Out
• Negative Sentiment: Tariffs are adding cost pressure. Lowe’s and other big-box retailers are using tariff refunds and other measures to offset higher costs, but the need to absorb or manage those expenses could weigh on margins if inflation persists. How Big Box Retailers Are Using Tariff Refunds

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LOW shares. Wolfe Research set a $254.00 price target on Lowe's Companies in a report on Thursday, May 21st. Mizuho dropped their price target on Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating on the stock in a research note on Thursday, August 20th. The Goldman Sachs Group cut their price target 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. Gordon Haskett lowered their target price on shares of Lowe's Companies from $280.00 to $250.00 and set a "buy" rating on the stock in a report on Thursday, May 21st. Finally, KeyCorp reiterated an "overweight" rating and set a $275.00 target price on shares of Lowe's Companies in a research note on Thursday, August 20th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $258.53.

Lowe's Companies Company 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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