ING Groep NV boosted its position in Lowe’s Companies, Inc. (NYSE:LOW – Free 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 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:
- 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
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
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.
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