Lowe’s Companies, Inc. $LOW Stock Sold by International Assets Investment Management LLC

International Assets Investment Management LLC trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 58.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,000 shares of the home improvement retailer’s stock after selling 62,816 shares during the quarter. International Assets Investment Management LLC’s holdings in Lowe’s Companies were worth $8,293,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Markowski Investments acquired a new stake in shares of Lowe’s Companies in the 2nd quarter valued at about $33,000. IAG Wealth Partners LLC lifted its position in shares of Lowe’s Companies by 178.6% during the first quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer’s stock worth $37,000 after purchasing an additional 100 shares during the last quarter. William Mack & Associates Inc. acquired a new position in Lowe’s Companies in the third quarter worth about $31,000. Latitude Advisors LLC acquired a new position in Lowe’s Companies in the third quarter worth about $32,000. Finally, Legacy Wealth Managment LLC ID increased its holdings in Lowe’s Companies by 219.7% in the first quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer’s stock valued at $46,000 after buying an additional 134 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LOW. Telsey Advisory Group cut their price objective on Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. Evercore set a $190.00 target price on Lowe’s Companies in a report on Tuesday, October 6th. KeyCorp reiterated an “overweight” rating and issued a $275.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 20th. Morgan Stanley reiterated an “overweight” rating on shares of Lowe’s Companies in a report on Thursday, August 20th. Finally, Melius Research set a $244.00 target price on shares of Lowe’s Companies in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $253.48.

Lowe’s Companies Trading Up 0.9%

NYSE:LOW opened at $209.18 on Friday. Lowe’s Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06. The company has a 50-day moving average of $196.23 and a 200-day moving average of $226.43. The firm has a market cap of $117.36 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.75 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping analysts’ consensus estimates of $4.22 by $0.18. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business had revenue of $25.96 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the firm earned $4.33 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, research analysts forecast that Lowe’s Companies, Inc. will post 12.25 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.