Intech Investment Management LLC grew its stake in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 30.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,715 shares of the home improvement retailer’s stock after acquiring an additional 3,639 shares during the quarter. Intech Investment Management LLC’s holdings in Lowe’s Companies were worth $3,790,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. United Financial Planning Group LLC purchased a new stake in shares of Lowe’s Companies in the third quarter valued at $31,000. OLD Second National Bank of Aurora boosted its stake in 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 buying an additional 42 shares during the last quarter. Triumph Capital Management acquired a new stake in Lowe’s Companies in the 3rd quarter worth about $34,000. Guerra Advisors Inc acquired a new stake in Lowe’s Companies in the 3rd quarter worth about $35,000. Finally, Financial Life Planners acquired a new stake in Lowe’s Companies in the 3rd quarter worth about $36,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. KGI Securities assumed coverage on Lowe’s Companies in a report on Tuesday, March 10th. They issued a “neutral” rating and a $255.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Raymond James Financial downgraded Lowe’s Companies from a “market perform” rating to a “market perform” rating in a report on Tuesday, May 12th. Robert W. Baird cut their price objective on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Finally, Oppenheimer cut their price objective on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $264.57.
Lowe’s Companies Stock Down 3.1%
NYSE:LOW opened at $207.62 on Tuesday. The business’s 50 day moving average is $232.06 and its two-hundred day moving average is $247.26. Lowe’s Companies, Inc. has a 52 week low of $207.55 and a 52 week high of $293.06. The company has a market cap of $116.41 billion, a PE ratio of 17.55, a P/E/G ratio of 2.70 and a beta of 0.87.
Lowe’s Companies (NYSE:LOW – Get Free Report) last released its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.Lowe’s Companies’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.5 EPS for the current fiscal year.
Lowe’s Companies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 22nd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.57%.
Lowe’s Companies Profile
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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