Keystone Investors PTE Ltd. Purchases Shares of 3,225 Lowe’s Companies, Inc. $LOW

Keystone Investors PTE Ltd. acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, Holdings Channel reports. The fund acquired 3,225 shares of the home improvement retailer’s stock, valued at approximately $778,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swiss RE Ltd. purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at approximately $25,000. OLD Second National Bank of Aurora raised its position 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 valued at $29,000 after purchasing an additional 42 shares during the last quarter. United Financial Planning Group LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $31,000. Triumph Capital Management purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $34,000. Finally, Financial Life Planners purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $36,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Down 0.2%

LOW opened at $220.57 on Friday. Lowe’s Companies, Inc. has a 12-month low of $203.40 and a 12-month high of $293.06. The firm has a market capitalization of $123.67 billion, a PE ratio of 18.64, a P/E/G ratio of 2.79 and a beta of 0.86. The firm has a 50 day moving average of $228.38 and a two-hundred day moving average of $246.14.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company had revenue of $23.08 billion during the quarter, compared to analyst estimates of $22.98 billion. During the same period last year, the firm posted $2.92 EPS. Lowe’s Companies’s revenue for the quarter 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. As a group, analysts predict that Lowe’s Companies, Inc. will post 12.48 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s payout ratio is 40.57%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. DA Davidson reaffirmed a “neutral” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, May 20th. BTIG Research lowered shares of Lowe’s Companies to a “reduce” rating in a research report on Tuesday, May 12th. Telsey Advisory Group decreased their price objective on shares of Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. The Goldman Sachs Group decreased their price objective on shares of Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, William Blair assumed coverage on shares of Lowe’s Companies in a research report on Tuesday, May 12th. They issued an “overweight” rating for the company. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.