Lowe’s Companies, Inc. $LOW Stock Position Increased by Atwood & Palmer Inc.

Atwood & Palmer Inc. increased its position in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 6.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,589 shares of the home improvement retailer’s stock after purchasing an additional 4,204 shares during the period. Atwood & Palmer Inc.’s holdings in Lowe’s Companies were worth $13,746,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Nykredit A S purchased a new stake in shares of Lowe’s Companies during the 2nd quarter valued at about $42,217,000. Kathmere Capital Management LLC boosted its holdings in shares of Lowe’s Companies by 133.9% in the first quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer’s stock worth $2,222,000 after buying an additional 5,383 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Lowe’s Companies by 2.3% in the fourth quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock worth $239,552,000 after buying an additional 22,175 shares during the last quarter. Econ Financial Services Corp grew its position in Lowe’s Companies by 26.2% during the first quarter. Econ Financial Services Corp now owns 19,974 shares of the home improvement retailer’s stock valued at $4,719,000 after buying an additional 4,147 shares during the period. Finally, Glenview Trust Co increased its stake in shares of Lowe’s Companies by 4.9% in the 2nd quarter. Glenview Trust Co now owns 230,389 shares of the home improvement retailer’s stock worth $50,798,000 after purchasing an additional 10,735 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LOW. Guggenheim restated a “buy” rating and set a $275.00 target price on shares of Lowe’s Companies in a research note on Monday, September 21st. UBS Group reduced their price objective on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Evercore set a $190.00 price objective on Lowe’s Companies in a report on Tuesday. Royal Bank Of Canada restated a “sector perform” rating and issued a $231.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 20th. Finally, Gordon Haskett downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price objective on the stock. in a research report on Thursday, September 24th. Twenty-two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $254.29.

Check Out Our Latest Stock Analysis on Lowe’s Companies

Lowe’s Companies Price Performance

LOW stock traded up $7.29 during mid-day trading on Thursday, reaching $188.83. 4,124,408 shares of the company’s stock were exchanged, compared to its average volume of 2,958,404. Lowe’s Companies, Inc. has a 12-month low of $178.45 and a 12-month high of $293.06. The stock’s 50 day moving average is $202.61 and its 200 day moving average is $216.55. The company has a market cap of $105.94 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 1.54 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW – Get Free Report) last announced its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.22 by $0.18. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The business had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the prior year, the company posted $4.33 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, research analysts forecast that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.6%. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

Lowe’s Companies Profile

(Free Report)

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.

See Also

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

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