Gradient Investments LLC Reduces Stake in Lowe’s Companies, Inc. $LOW

Gradient Investments LLC cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 30.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,314 shares of the home improvement retailer’s stock after selling 42,814 shares during the period. Gradient Investments LLC’s holdings in Lowe’s Companies were worth $17,750,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of LOW. BlackRock Inc. raised its stake in shares of Lowe’s Companies by 1.8% during the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after purchasing an additional 714,092 shares in the last quarter. State Street Corp increased 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 buying an additional 880,815 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Lowe’s Companies by 8.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,029,665 shares of the home improvement retailer’s stock worth $1,212,954,000 after acquiring an additional 411,154 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in 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 acquiring an additional 201,803 shares during the last quarter. Finally, 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 valued at $637,848,000 after acquiring an additional 1,053,237 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Price Performance

LOW traded up $6.61 during trading on Thursday, hitting $188.15. The stock had a trading volume of 1,099,486 shares, compared to its average volume of 2,941,992. The company has a 50 day moving average price of $203.04 and a 200-day moving average price of $216.80. Lowe’s Companies, Inc. has a one year low of $178.45 and a one year high of $293.06. The firm has a market cap of $105.56 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.54 and a beta of 0.89.

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

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be given 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 is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio is presently 42.27%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LOW shares. Weiss Ratings downgraded shares of Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. UBS Group decreased their target price on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. KeyCorp reaffirmed an “overweight” rating and set a $275.00 price target on shares of Lowe’s Companies in a report on Thursday, August 20th. Truist Financial decreased their price objective on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Finally, Telsey Advisory Group cut their target price on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. Twenty-two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.29.

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.