Investment House LLC Sells 17,751 Shares of Lowe’s Companies, Inc. $LOW

Investment House LLC trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 24.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,648 shares of the home improvement retailer’s stock after selling 17,751 shares during the quarter. Investment House LLC’s holdings in Lowe’s Companies were worth $10,071,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LOW. BlackRock Inc. grew its position in Lowe’s Companies by 1.8% during the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after purchasing an additional 714,092 shares during the last quarter. State Street Corp increased its stake in Lowe’s Companies by 3.6% in the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock valued at $5,584,873,000 after purchasing an additional 880,815 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Lowe’s Companies by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 4,104,782 shares of the home improvement retailer’s stock valued at $905,063,000 after buying an additional 57,167 shares during the last quarter. Amundi raised its holdings in shares of Lowe’s Companies by 57.3% in the second quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after buying an additional 1,053,237 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Lowe’s Companies by 7.1% in the first quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock valued at $388,992,000 after buying an additional 109,520 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 3.9%

NYSE LOW opened at $204.30 on Friday. The business’s 50 day moving average is $197.89 and its two-hundred day moving average is $213.72. Lowe’s Companies, Inc. has a 12-month low of $178.45 and a 12-month high of $293.06. The stock has a market capitalization of $114.62 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.64 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 negative return on equity of 75.67% and a net margin of 7.34%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities analysts forecast that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LOW. Evercore set a $190.00 price target on Lowe’s Companies in a report on Tuesday, October 6th. Sanford C. Bernstein reduced their price objective on Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating for the company in a research note on Wednesday, September 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $231.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. UBS Group decreased their price objective on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Finally, Truist Financial lowered 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. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $254.29.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.