Viking Fund Management LLC Buys 3,000 Shares of Lowe’s Companies, Inc. $LOW

Viking Fund Management LLC boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 30.0% during the third quarter, Holdings Channel reports. The institutional investor owned 13,000 shares of the home improvement retailer’s stock after buying an additional 3,000 shares during the period. Viking Fund Management LLC’s holdings in Lowe’s Companies were worth $2,396,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Lowe’s Companies by 1.8% during the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after acquiring an additional 714,092 shares during the last quarter. State Street Corp boosted its holdings in shares of Lowe’s Companies by 3.6% during the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock worth $5,584,873,000 after acquiring an additional 880,815 shares during the period. Bank of New York Mellon Corp grew its position in shares of Lowe’s Companies by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock valued at $956,371,000 after purchasing an additional 201,803 shares during the last quarter. Amundi grew its position in shares of Lowe’s Companies by 57.3% in the second quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after purchasing an additional 1,053,237 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Lowe’s Companies by 7.1% in the first quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock valued at $388,992,000 after purchasing an additional 109,520 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $188.36 on Thursday. The company has a market cap of $105.68 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 1.58 and a beta of 0.89. Lowe’s Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06. The stock has a fifty day moving average price of $200.41 and a 200-day moving average price of $215.19.

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 for 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%. Lowe’s Companies’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Research analysts predict that Lowe’s Companies, Inc. will post 12.26 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio is presently 42.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LOW. Melius Research set a $244.00 target price on Lowe’s Companies in a research note on Tuesday, October 6th. Piper Sandler dropped their price target on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a report on Thursday, August 13th. Guggenheim restated a “buy” rating and issued a $275.00 price target on shares of Lowe’s Companies in a research note on Monday, September 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $231.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 20th. Finally, Mizuho lowered their price objective on Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $254.29.

Lowe’s Companies News Roundup

Here are the key news stories impacting Lowe’s Companies this week:

• Positive Sentiment: Lowe’s dividend remains a key attraction. The company has roughly doubled its quarterly payout since 2021, supported by a resilient store network, strong customer relationships and growing exposure to professional contractors. Lowe’s Dividend Sustainability Looks Solid, but Returns Face a Test
• Positive Sentiment: The retailer is investing approximately $542 million in digital and fulfillment capabilities and using its Mylow artificial-intelligence assistant, e-commerce upgrades and extended holiday promotions to improve customer engagement and support sales growth. Lowe’s AI-Driven Holiday Push and E-Commerce Spend Might Change The Case For Investing In Lowe’s Companies (LOW)
• Positive Sentiment: Traeger’s planned Lowe’s rollout in 2027 could provide an additional merchandise and vendor opportunity, although the financial impact is still prospective. Traeger: Waiting For The Lowe’s Rollout In 2027

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.