Lowe’s Companies, Inc. $LOW Stock: Pictet Asset Management Holding SA Boosts Position

Pictet Asset Management Holding SA boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the third quarter, Holdings Channel reports. The firm owned 503,946 shares of the home improvement retailer’s stock after buying an additional 2,899 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Lowe’s Companies were worth $92,872,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Lowe’s Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after buying an additional 714,092 shares in the last quarter. State Street Corp boosted its position in shares of Lowe’s Companies by 3.6% in the 2nd 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 boosted its position in shares of 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 worth $905,063,000 after buying an additional 57,167 shares in the last quarter. Amundi boosted its position in shares of Lowe’s Companies by 57.3% in the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock worth $637,848,000 after buying an additional 1,053,237 shares in the last quarter. Finally, Swiss National Bank grew its stake in 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 acquiring an additional 109,520 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 3.4%

Shares of NYSE:LOW opened at $232.17 on Tuesday. The company has a market capitalization of $130.26 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.92 and a beta of 0.81. Lowe’s Companies, Inc. has a 52-week low of $178.45 and a 52-week high of $293.06. The stock’s fifty day simple moving average is $197.66 and its 200-day simple moving average is $224.91.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data 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 negative return on equity of 75.67% and a net margin of 7.34%. The firm had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter last year, the business posted $4.33 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.25 earnings per share for the current year.

Lowe’s Companies Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently commented on LOW. TD Cowen reissued a “hold” rating and issued a $235.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. Royal Bank Of Canada restated a “sector perform” rating and set a $231.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 20th. Truist Financial reduced their price target on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Guggenheim reiterated a “buy” rating and issued a $275.00 price target on shares of Lowe’s Companies in a research report on Monday, September 21st. Finally, KeyCorp reissued an “overweight” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $254.23.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels.

Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe’s also provides services such as installation and other project support.

Founded in 1921 in North Wilkesboro, North Carolina, Lowe’s has grown into a major retailer operating across the United States.