Infusive Asset Management Inc. Raises Position in Lowe’s Companies, Inc. $LOW

Infusive Asset Management Inc. lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 160.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,810 shares of the home improvement retailer’s stock after purchasing an additional 14,669 shares during the period. Lowe’s Companies accounts for 2.5% of Infusive Asset Management Inc.’s investment portfolio, making the stock its 15th biggest holding. Infusive Asset Management Inc.’s holdings in Lowe’s Companies were worth $5,742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Norges Bank purchased a new position in Lowe’s Companies in the 4th quarter valued at approximately $1,993,697,000. Wellington Management Group LLP grew its stake in Lowe’s Companies by 102.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock valued at $1,056,585,000 after buying an additional 2,122,622 shares in the last quarter. Victory Capital Management Inc. grew its stake in Lowe’s Companies by 207.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock valued at $517,218,000 after buying an additional 1,388,133 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in Lowe’s Companies in the 4th quarter valued at approximately $308,683,000. Finally, Vanguard Group Inc. grew its stake in Lowe’s Companies by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock valued at $13,560,617,000 after buying an additional 924,625 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LOW. Jefferies Financial Group reduced their price objective on shares of Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. William Blair began coverage on shares of Lowe’s Companies in a research note on Tuesday, May 12th. They issued an “overweight” rating for the company. Robert W. Baird reduced their price objective on shares of Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Bank of America reduced their price objective on shares of Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Finally, Craig Hallum upgraded shares of Lowe’s Companies to a “buy” rating in a research note on Tuesday, May 12th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $264.57.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $220.57 on Friday. The firm has a market capitalization of $123.67 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 2.79 and a beta of 0.86. Lowe’s Companies, Inc. has a 52-week low of $203.40 and a 52-week high of $293.06. The stock has a fifty day moving average of $228.38 and a 200 day moving average of $246.14.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data 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. The company had revenue of $23.08 billion during the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the company earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities analysts forecast that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The business 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 2.3%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.57%.

About Lowe’s Companies

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.