Summitry LLC Has $88.60 Million Stock Position in Lowe’s Companies, Inc. $LOW

Summitry LLC boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 367,404 shares of the home improvement retailer’s stock after purchasing an additional 9,521 shares during the quarter. Lowe’s Companies makes up approximately 3.7% of Summitry LLC’s holdings, making the stock its 5th biggest position. Summitry LLC’s holdings in Lowe’s Companies were worth $88,603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LOW. Activest Wealth Management boosted its position in shares of Lowe’s Companies by 78.5% during the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 51 shares during the last quarter. OLD Second National Bank of Aurora boosted its position in shares of Lowe’s Companies by 52.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 42 shares during the last quarter. United Financial Planning Group LLC bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at approximately $31,000. Triumph Capital Management bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at approximately $34,000. Finally, Guerra Advisors Inc bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at approximately $35,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Up 0.1%

LOW stock opened at $215.29 on Tuesday. The business’s fifty day simple moving average is $234.28 and its two-hundred day simple moving average is $247.95. Lowe’s Companies, Inc. has a twelve month low of $208.00 and a twelve month high of $293.06. The firm has a market cap of $120.57 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 4.14 and a beta of 0.91.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 for 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 business’s revenue was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Research analysts expect that Lowe’s Companies, Inc. will post 12.52 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were paid a $1.20 dividend. The ex-dividend date was Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.2%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.57%.

Analyst Ratings Changes

A number of research firms have recently commented on LOW. HSBC lowered their target price on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a research report on Thursday, May 21st. Stifel Nicolaus lowered their price target on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Bank of America lowered their price target on Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Truist Financial lowered their price target on Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Royal Bank Of Canada lowered their price target on Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating for the company in a research report on Thursday. 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $264.57.

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.