Lowe’s Companies, Inc. $LOW Stock Position Trimmed by Confluence Investment Management LLC

Confluence Investment Management LLC lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 5.7% in the third quarter, Holdings Channel.com reports. The fund owned 181,855 shares of the home improvement retailer’s stock after selling 11,019 shares during the quarter. Confluence Investment Management LLC’s holdings in Lowe’s Companies were worth $33,514,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. lifted its position in shares of Lowe’s Companies by 0.4% during the 2nd quarter. QRG Capital Management Inc. now owns 113,050 shares of the home improvement retailer’s stock valued at $24,926,000 after acquiring an additional 452 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Lowe’s Companies by 27.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,849 shares of the home improvement retailer’s stock worth $4,156,000 after acquiring an additional 4,027 shares during the period. Andra AP fonden increased its stake in Lowe’s Companies by 14.6% in the 2nd quarter. Andra AP fonden now owns 105,313 shares of the home improvement retailer’s stock valued at $23,220,000 after purchasing an additional 13,400 shares in the last quarter. State Street Corp raised its holdings in 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 purchasing an additional 880,815 shares during the last quarter. Finally, Rench Wealth Management Inc. raised its holdings in Lowe’s Companies by 0.7% during the second quarter. Rench Wealth Management Inc. now owns 20,438 shares of the home improvement retailer’s stock worth $4,506,000 after purchasing an additional 133 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

NYSE:LOW traded down $2.07 during trading hours on Thursday, reaching $182.22. 2,263,868 shares of the company were exchanged, compared to its average volume of 2,947,048. The firm has a market cap of $102.24 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 2.49 and a beta of 0.85. The stock has a 50 day simple moving average of $205.97 and a 200 day simple moving average of $218.72. Lowe’s Companies, Inc. has a 52-week low of $179.21 and a 52-week high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 7.34% and a negative return on equity of 75.67%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, 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 declared 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. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.7%. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of research reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $231.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. UBS Group cut their price objective on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Telsey Advisory Group lowered their target price on Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. Mizuho cut their price target on Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, August 20th. Finally, Guggenheim restated a “buy” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a research report on Monday, September 21st. Twenty-two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $255.97.

About Lowe’s Companies

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.