Pinebridge Investments LLC Makes New $148.44 Million Investment in Lowe’s Companies, Inc. $LOW

Posted by Geri Gentry on Jun 6th, 2026

Lowe's Companies logo Pinebridge Investments LLC bought a new position in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 615,535 shares of the home improvement retailer’s stock, valued at approximately $148,442,000. Lowe’s Companies comprises approximately 1.1% of Pinebridge Investments LLC’s investment portfolio, making the stock its 16th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. United Financial Planning Group LLC bought a new position in Lowe’s Companies in the 3rd quarter worth about $31,000. OLD Second National Bank of Aurora lifted 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 worth $29,000 after purchasing an additional 42 shares during the period. Triumph Capital Management purchased a new stake in shares of Lowe’s Companies in the 3rd quarter worth approximately $34,000. Financial Life Planners purchased a new stake in shares of Lowe’s Companies in the 3rd quarter worth approximately $36,000. Finally, Ares Financial Consulting LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $36,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies News Roundup

Here are the key news stories impacting Lowe’s Companies this week:

Positive Sentiment: Jefferies said Lowe’s new home-maintenance program could expand subscription-style revenue, giving the retailer a more recurring growth stream and a potential valuation tailwind. Lowe’s Wants to Help You Change Lightbulbs. How That Could Boost the Stock.
Positive Sentiment: Zacks Research raised some near- and longer-term earnings estimates for Lowe’s, including Q1 2028 and Q1 2029, which suggests analysts see solid earnings power ahead. Lowe’s Companies, Inc. estimate updates
Positive Sentiment: Recent articles highlighted Lowe’s dividend hike alongside other high-yield stocks, reinforcing the company’s appeal for income investors in a volatile market. The Zacks Analyst Blog Highlights UnitedHealth, Donaldson, Lowe’s and ePlus
Neutral Sentiment: Several roundup pieces focused on Lowe’s as a recent dividend grower, which is supportive for sentiment but not a major operational catalyst on its own. 5 Stocks to Watch on Their Recent Dividend Hikes in a Volatile Market
Neutral Sentiment: Another market wrap also mentioned Lowe’s among dividend-paying names attracting attention from cautious investors. 3 High-Yielding Dividend Stocks That Just Raised Their Payouts
Negative Sentiment: Zacks trimmed some earnings estimates for FY2027, FY2028 and a few quarterly periods, signaling a bit more caution on Lowe’s longer-term profit trajectory. Lowe’s Companies, Inc. estimate updates

Lowe’s Companies Stock Up 1.6%

NYSE:LOW opened at $210.81 on Friday. Lowe’s Companies, Inc. has a 52 week low of $203.40 and a 52 week high of $293.06. The firm has a 50 day moving average of $230.12 and a 200 day moving average of $246.50. The stock has a market capitalization of $118.20 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 2.62 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW – Get Free Report) last posted its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating 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 analysts’ expectations of $22.98 billion. During the same quarter in the prior year, the company posted $2.92 earnings per share. 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 expect that Lowe’s Companies, Inc. will post 12.48 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 dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. Lowe’s Companies’s dividend payout ratio is currently 40.57%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Craig Hallum raised shares of Lowe’s Companies to a “buy” rating in a research report on Tuesday, May 12th. TD Cowen lowered their price target on shares of Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating for the company in a research report on Thursday, May 21st. BNP Paribas Exane lowered their price target on shares of Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating for the company in a research report on Thursday, May 21st. Gordon Haskett lowered their price target on shares of Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, BTIG Research cut shares of Lowe’s Companies to a “reduce” rating in a research report on Tuesday, May 12th. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $264.57.

View Our Latest Research Report on Lowe’s Companies

Lowe’s Companies Profile

(Free Report)

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.