State Street Corp Raises Stock Holdings in Lowe’s Companies, Inc. $LOW

State Street Corp raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,329,373 shares of the home improvement retailer’s stock after purchasing an additional 880,815 shares during the quarter. State Street Corp’s holdings in Lowe’s Companies were worth $5,584,873,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at $1,993,697,000. J. Stern & Co. LLP boosted its holdings in shares of Lowe’s Companies by 7,814.9% in the 4th quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer’s stock valued at $359,417,000 after buying an additional 1,471,539 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $308,683,000. Amundi grew its position in shares of Lowe’s Companies by 57.3% in the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock worth $637,848,000 after buying an additional 1,053,237 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Lowe’s Companies by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock worth $3,201,329,000 after buying an additional 887,579 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LOW. Sanford C. Bernstein cut their price target on shares of Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating on the stock in a report on Wednesday, September 9th. JPMorgan Chase & Co. lowered their price objective on Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. TD Cowen restated a “hold” rating and set a $235.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 20th. Citigroup reduced their target price on Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. Finally, Wells Fargo & Company decreased their price target on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $257.63.

Lowe’s Companies Stock Up 2.4%

Shares of LOW traded up $4.54 during trading hours on Tuesday, reaching $195.52. 1,193,506 shares of the company traded hands, compared to its average volume of 2,921,042. The stock has a market capitalization of $109.70 billion, a P/E ratio of 16.55, a P/E/G ratio of 2.56 and a beta of 0.85. Lowe’s Companies, Inc. has a 12-month low of $188.22 and a 12-month high of $293.06. The business has a fifty day moving average price of $208.56 and a 200-day moving average price of $221.73.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping analysts’ consensus estimates of $4.22 by $0.18. The company had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, research analysts predict that Lowe’s Companies, Inc. will post 12.26 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

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