Vontobel Holding Ltd. Boosts Stock Position in Lowe’s Companies, Inc. $LOW

Vontobel Holding Ltd. increased its stake in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 8.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 253,415 shares of the home improvement retailer’s stock after buying an additional 20,727 shares during the period. Vontobel Holding Ltd.’s holdings in Lowe’s Companies were worth $61,114,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Natixis Advisors LLC lifted its position in Lowe’s Companies by 3.5% in the 4th quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer’s stock valued at $152,161,000 after acquiring an additional 21,119 shares in the last quarter. Bridges Investment Management Inc. lifted its position in Lowe’s Companies by 6.1% in the 4th quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer’s stock valued at $107,664,000 after acquiring an additional 25,609 shares in the last quarter. Glenview Trust Co lifted its position in Lowe’s Companies by 9.0% in the 4th quarter. Glenview Trust Co now owns 207,797 shares of the home improvement retailer’s stock valued at $50,112,000 after acquiring an additional 17,225 shares in the last quarter. LPL Financial LLC lifted its position in Lowe’s Companies by 2.3% in the 4th quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock valued at $239,552,000 after acquiring an additional 22,175 shares in the last quarter. Finally, Jefferies Financial Group Inc. lifted its position in Lowe’s Companies by 134.3% in the 3rd quarter. Jefferies Financial Group Inc. now owns 56,252 shares of the home improvement retailer’s stock valued at $14,137,000 after acquiring an additional 32,240 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.2%

Shares of LOW opened at $220.57 on Friday. The firm has a market cap of $123.67 billion, a PE ratio of 18.64, a P/E/G ratio of 2.79 and a beta of 0.86. The firm has a fifty day simple moving average of $228.38 and a two-hundred day simple moving average of $246.14. Lowe’s Companies, Inc. has a 1-year low of $203.40 and a 1-year high of $293.06.

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

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be paid a $1.25 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 40.57%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LOW. Wells Fargo & Company lowered their price objective on Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. HSBC lowered their price objective on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating on the stock in a research report on Thursday, May 21st. Rothschild & Co Redburn boosted their target price on shares of Lowe’s Companies from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Robert W. Baird decreased their target price on shares of Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Finally, Piper Sandler decreased their target price on shares of Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $264.57.

View Our Latest Stock Analysis on Lowe’s Companies

Lowe’s Companies Company 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.

See Also

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

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