Lowe’s Companies, Inc. $LOW Stock Bought by Atwood & Palmer Inc.

Atwood & Palmer Inc. increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 74,589 shares of the home improvement retailer’s stock after buying an additional 4,204 shares during the period. Atwood & Palmer Inc.’s holdings in Lowe’s Companies were worth $13,746,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Nykredit A S acquired a new stake in shares of Lowe’s Companies during the second quarter worth about $42,217,000. Kathmere Capital Management LLC boosted its holdings in Lowe’s Companies by 133.9% in the 1st quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer’s stock valued at $2,222,000 after purchasing an additional 5,383 shares in the last quarter. LPL Financial LLC raised its position in Lowe’s Companies by 2.3% in the fourth quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock worth $239,552,000 after acquiring an additional 22,175 shares in the last quarter. Econ Financial Services Corp lifted its stake in shares of Lowe’s Companies by 26.2% in the first quarter. Econ Financial Services Corp now owns 19,974 shares of the home improvement retailer’s stock valued at $4,719,000 after purchasing an additional 4,147 shares during the period. Finally, Glenview Trust Co lifted its position in shares of Lowe’s Companies by 4.9% during the 2nd quarter. Glenview Trust Co now owns 230,389 shares of the home improvement retailer’s stock valued at $50,798,000 after acquiring an additional 10,735 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW traded up $7.29 during trading hours on Thursday, hitting $188.83. The stock had a trading volume of 4,124,408 shares, compared to its average volume of 2,958,404. The stock’s fifty day simple moving average is $202.61 and its 200 day simple moving average is $216.55. The firm has a market capitalization of $105.94 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.54 and a beta of 0.89. Lowe’s Companies, Inc. has a 1-year low of $178.45 and a 1-year high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.22 by $0.18. The business had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 12.26 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.6%. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of recent research reports. Truist Financial reduced their target price on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Telsey Advisory Group dropped their price objective on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Guggenheim reissued a “buy” rating and set a $275.00 target price on shares of Lowe’s Companies in a research report on Monday, September 21st. Gordon Haskett lowered Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a research note on Thursday, September 24th. Finally, Wells Fargo & Company reduced their price objective on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 11th. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $254.29.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.