Lowe’s Companies, Inc. $LOW Stock Sold by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 58.7% during the third quarter, Holdings Channel.com reports. The fund owned 2,440 shares of the home improvement retailer’s stock after selling 3,461 shares during the period. Summit Wealth Group LLC Co.’s holdings in Lowe’s Companies were worth $450,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Lowe’s Companies by 1.8% during the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after purchasing an additional 714,092 shares during the period. State Street Corp grew its stake in Lowe’s Companies by 3.6% during the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock worth $5,584,873,000 after buying an additional 880,815 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Lowe’s Companies by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,104,782 shares of the home improvement retailer’s stock valued at $905,063,000 after buying an additional 57,167 shares during the period. Amundi increased its holdings in Lowe’s Companies by 57.3% in the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after buying an additional 1,053,237 shares during the period. Finally, Swiss National Bank raised its position in shares of Lowe’s Companies by 7.1% in the 1st quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock valued at $388,992,000 after buying an additional 109,520 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Lowe’s Companies

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

• Positive Sentiment: Housing stocks, including Lowe’s, rallied after Democrats’ election gains as interest rates edged lower and investors saw signs inflation could ease. Lower borrowing costs could support housing activity and renovation spending. Read article
• Positive Sentiment: An institutional investor reportedly established a $6.93 million stake in Lowe’s ahead of earnings. The investment may signal confidence, although the article provides no details about the investor’s rationale and the stake alone does not establish a broader trend. Read article
• Positive Sentiment: Georgia Ports named Lowe’s its Supply Chain Impact Partner of the Year, recognizing the retailer’s supply-chain relationship. The recognition is favorable but does not indicate a specific financial benefit. Read article
• Neutral Sentiment: A report says Lowe’s plans to open new stores, but the supplied information does not specify locations, timing, or expected investment, limiting insight into the potential impact. Read article

Analyst Ratings Changes

A number of brokerages have weighed in on LOW. Stifel Nicolaus reduced their target price on Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating on the stock in a report on Monday, October 26th. Gordon Haskett lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a report on Thursday, September 24th. Citigroup decreased their price target on shares of Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Weiss Ratings cut shares of Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 17th. Finally, UBS Group dropped their price objective on shares of Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $253.48.

Lowe’s Companies Stock Up 7.5%

Shares of Lowe’s Companies stock opened at $229.42 on Thursday. The stock has a market cap of $128.72 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 1.79 and a beta of 0.81. Lowe’s Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06. The company’s fifty day moving average is $196.48 and its 200 day moving average is $225.60.

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

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. Lowe’s Companies’s dividend payout ratio is presently 42.27%.

Lowe’s Companies Company Profile

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.