Lowe’s Companies, Inc. $LOW Shares Bought by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 234,337 shares of the home improvement retailer’s stock after buying an additional 12,470 shares during the period. Douglas Lane & Associates LLC’s holdings in Lowe’s Companies were worth $43,186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. J. Stern & Co. LLP increased its position in shares of Lowe’s Companies by 7,814.9% in the fourth quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer’s stock worth $359,417,000 after acquiring an additional 1,471,539 shares in the last quarter. Amundi lifted its holdings in shares of Lowe’s Companies by 57.3% during the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after acquiring an additional 1,053,237 shares in the last quarter. State Street Corp boosted its position in Lowe’s Companies by 3.6% during the 2nd quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock worth $5,584,873,000 after purchasing an additional 880,815 shares during the period. Focus Partners Wealth boosted its position in Lowe’s Companies by 311.5% during the 4th quarter. Focus Partners Wealth now owns 1,076,594 shares of the home improvement retailer’s stock worth $259,721,000 after purchasing an additional 814,936 shares during the period. Finally, BlackRock Inc. increased its holdings in Lowe’s Companies by 1.8% in the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after purchasing an additional 714,092 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Melius Research set a $244.00 price target on Lowe’s Companies in a research report on Tuesday. Piper Sandler dropped their price objective on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. Weiss Ratings lowered Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 17th. UBS Group reduced their target price on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Finally, Sanford C. Bernstein decreased their price target on shares of Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating for the company in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $254.29.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock traded down $2.86 during trading on Friday, hitting $185.99. 849,143 shares of the stock were exchanged, compared to its average volume of 2,947,276. Lowe’s Companies, Inc. has a 12 month low of $178.45 and a 12 month high of $293.06. The stock’s fifty day moving average is $202.61 and its 200 day moving average is $216.55. The stock has a market cap of $104.35 billion, a PE ratio of 15.73, a P/E/G ratio of 1.52 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating the consensus estimate of $4.22 by $0.18. The firm had revenue of $25.96 billion for the quarter, compared to the consensus estimate of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. Lowe’s Companies’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.26 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe’s Companies’s payout ratio is 42.27%.

Lowe’s Companies Company Profile

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.