Lowe’s Companies, Inc. $LOW Shares Purchased by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. grew its position in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 5.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 101,631 shares of the home improvement retailer’s stock after purchasing an additional 5,611 shares during the quarter. Lowe’s Companies comprises 2.0% of Greatmark Investment Partners Inc.’s portfolio, making the stock its 17th biggest holding. Greatmark Investment Partners Inc.’s holdings in Lowe’s Companies were worth $18,730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LOW. Nykredit A S acquired a new stake in Lowe’s Companies in the second quarter valued at about $42,217,000. Kathmere Capital Management LLC grew its position in 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 valued at $2,222,000 after acquiring an additional 5,383 shares during the last quarter. First Citizens Bank & Trust Co. raised its stake in Lowe’s Companies by 31.8% during the third quarter. First Citizens Bank & Trust Co. now owns 24,068 shares of the home improvement retailer’s stock worth $4,435,000 after acquiring an additional 5,804 shares in the last quarter. Glenview Trust Co raised its stake in Lowe’s Companies by 4.9% during the second quarter. Glenview Trust Co now owns 230,389 shares of the home improvement retailer’s stock worth $50,798,000 after acquiring an additional 10,735 shares in the last quarter. Finally, Andra AP fonden raised its stake in Lowe’s Companies by 14.6% during the second quarter. Andra AP fonden now owns 105,313 shares of the home improvement retailer’s stock worth $23,220,000 after acquiring an additional 13,400 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of several research reports. Telsey Advisory Group dropped their price objective on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. Wells Fargo & Company cut their target price on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating on the stock in a report on Tuesday, August 11th. Melius Research set a $244.00 price objective on shares of Lowe’s Companies in a report on Tuesday, October 6th. Citigroup dropped their price objective on shares of Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Finally, Gordon Haskett lowered Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $253.48.

Check Out Our Latest Analysis on LOW

Lowe’s Companies Stock Up 0.9%

LOW opened at $209.18 on Friday. Lowe’s Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06. The company has a market capitalization of $117.36 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.73 and a beta of 0.89. The firm has a 50-day moving average price of $196.23 and a 200-day moving average price of $226.43.

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, beating analysts’ consensus estimates of $4.22 by $0.18. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business had revenue of $25.96 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same period last year, the firm posted $4.33 earnings per share. Lowe’s Companies’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, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.25 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. Investors of record on Wednesday, October 21st will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.27%.

Lowe’s Companies Profile

(Free Report)

Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.

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

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