Lowe’s Companies, Inc. $LOW Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 30.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,715 shares of the home improvement retailer’s stock after buying an additional 3,639 shares during the period. Intech Investment Management LLC’s holdings in Lowe’s Companies were worth $3,790,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. OLD Second National Bank of Aurora grew its holdings in shares of Lowe’s Companies by 52.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 42 shares during the last quarter. United Financial Planning Group LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $31,000. Triumph Capital Management acquired a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $34,000. Guerra Advisors Inc acquired a new stake in Lowe’s Companies during the third quarter valued at $35,000. Finally, Financial Life Planners purchased a new position in Lowe’s Companies in the third quarter valued at about $36,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on LOW. JPMorgan Chase & Co. dropped their target price on Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Robert W. Baird dropped their target price on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Evercore dropped their target price on Lowe’s Companies from $250.00 to $230.00 in a research report on Thursday, May 21st. The Goldman Sachs Group dropped their target price on 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. Finally, Stifel Nicolaus dropped their target price on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Stock Down 3.1%

Shares of LOW opened at $207.62 on Tuesday. Lowe’s Companies, Inc. has a 12-month low of $207.55 and a 12-month high of $293.06. The firm has a market capitalization of $116.41 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 2.70 and a beta of 0.87. The stock’s 50-day moving average price is $232.06 and its 200 day moving average price is $247.26.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same period in the previous year, the company posted $2.92 earnings per share. The company’s quarterly 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. Equities research analysts expect that Lowe’s Companies, Inc. will post 12.5 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.4%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 40.57%.

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.