Lombard Odier Asset Management Switzerland SA Sells 3,374 Shares of Lowe’s Companies, Inc. $LOW

Lombard Odier Asset Management Switzerland SA reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,034 shares of the home improvement retailer’s stock after selling 3,374 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Lowe’s Companies were worth $6,037,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Swiss RE Ltd. bought a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $25,000. Wilkerson Advisory Group LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $27,000. United Financial Planning Group LLC bought a new stake in shares of Lowe’s Companies in the 3rd quarter worth approximately $31,000. OLD Second National Bank of Aurora grew its position in shares of 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. Finally, Triumph Capital Management bought a new stake in shares of Lowe’s Companies in the 3rd quarter worth approximately $34,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Trading Up 1.7%

Shares of NYSE:LOW opened at $223.88 on Wednesday. The stock has a fifty day simple moving average of $228.01 and a two-hundred day simple moving average of $246.01. The stock has a market capitalization of $125.53 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 2.78 and a beta of 0.86. 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 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 negative return on equity of 67.96% and a net margin of 7.51%.The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be issued a $1.25 dividend. 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. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. Lowe’s Companies’s dividend payout ratio is presently 40.57%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. HSBC cut 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. Stifel Nicolaus lowered their target price on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating for the company in a research note on Monday, May 18th. TD Cowen lowered their target price on Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. The Goldman Sachs Group lowered their price objective on Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, William Blair initiated coverage on Lowe’s Companies in a research note on Tuesday, May 12th. They set an “overweight” rating for the company. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $264.57.

Get Our Latest Analysis on Lowe’s Companies

Lowe’s Companies 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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