PineStone Asset Management Inc. Sells 46,300 Shares of Lowe’s Companies, Inc. $LOW

PineStone Asset Management Inc. lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 926,350 shares of the home improvement retailer’s stock after selling 46,300 shares during the period. Lowe’s Companies comprises 1.4% of PineStone Asset Management Inc.’s holdings, making the stock its 25th biggest position. PineStone Asset Management Inc.’s holdings in Lowe’s Companies were worth $223,399,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Lowe’s Companies by 0.6% in the third quarter. Vanguard Group Inc. now owns 55,306,162 shares of the home improvement retailer’s stock worth $13,898,992,000 after buying an additional 329,807 shares in the last quarter. State Street Corp boosted its position in Lowe’s Companies by 0.5% during the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock valued at $6,291,867,000 after acquiring an additional 124,501 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Lowe’s Companies by 1.5% in the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock valued at $1,716,467,000 after acquiring an additional 103,827 shares during the period. Invesco Ltd. increased its holdings in shares of Lowe’s Companies by 5.2% in the 3rd quarter. Invesco Ltd. now owns 4,830,373 shares of the home improvement retailer’s stock valued at $1,213,921,000 after acquiring an additional 240,123 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Lowe’s Companies by 12.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,294,776 shares of the home improvement retailer’s stock worth $1,079,320,000 after acquiring an additional 463,012 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $236.13 on Wednesday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $293.06. The business has a fifty day moving average price of $260.88 and a 200-day moving average price of $251.47. The stock has a market capitalization of $132.25 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 5.05 and a beta of 0.98.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.04. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The company had revenue of $20.59 billion for the quarter, compared to analyst estimates of $20.34 billion. During the same period in the prior year, the company posted $1.93 EPS. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio is 40.51%.

Insider Activity

In related news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the transaction, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This trade represents a 7.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LOW. Gordon Haskett decreased their price objective on Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Telsey Advisory Group lifted their target price on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Wolfe Research reduced their target price on shares of Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Guggenheim increased their price target on shares of Lowe’s Companies from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of Lowe’s Companies from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $289.76.

Lowe’s Companies Profile

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.