ING Groep NV Has $16.92 Million Stake in Lowe’s Companies, Inc. $LOW

ING Groep NV boosted its position in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 1,004.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,179 shares of the home improvement retailer’s stock after buying an additional 63,827 shares during the period. ING Groep NV’s holdings in Lowe’s Companies were worth $16,924,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. United Financial Planning Group LLC acquired a new position in Lowe’s Companies in the third quarter valued at $31,000. OLD Second National Bank of Aurora lifted its holdings in Lowe’s Companies by 52.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 42 shares during the period. Triumph Capital Management acquired a new position in Lowe’s Companies in the third quarter valued at $34,000. Financial Life Planners bought a new stake in Lowe’s Companies in the third quarter valued at $36,000. Finally, Ares Financial Consulting LLC bought a new stake in Lowe’s Companies in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.0%

Shares of LOW opened at $210.81 on Monday. The business’s fifty day moving average is $230.12 and its 200 day moving average is $246.65. The stock has a market cap of $118.20 billion, a P/E ratio of 17.82, a P/E/G ratio of 2.66 and a beta of 0.87. Lowe’s Companies, Inc. has a 12-month low of $203.40 and a 12-month high of $293.06.

Lowe’s Companies (NYSE:LOWGet Free Report) last posted its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.97 by $0.06. The company had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, analysts expect that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders 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 boost from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. Lowe’s Companies’s payout ratio is presently 40.57%.

Key Headlines Impacting Lowe’s Companies

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. KGI Securities assumed coverage on shares of Lowe’s Companies in a research note on Tuesday, March 10th. They issued a “neutral” rating and a $255.00 price target for the company. Morgan Stanley decreased their price target on shares of Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Citigroup raised shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 price target for the company in a research note on Tuesday, May 12th. William Blair assumed coverage on shares of Lowe’s Companies in a research note on Tuesday, May 12th. They issued an “overweight” rating for the company. Finally, Craig Hallum raised 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 given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Check Out Our Latest Analysis on LOW

About Lowe’s Companies

(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.

See Also

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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