Chiron Capital Management LLC Purchases 2,600 Shares of Lowe’s Companies, Inc. $LOW

Chiron Capital Management LLC acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,600 shares of the home improvement retailer’s stock, valued at approximately $479,000.

A number of other large investors have also made changes to their positions in LOW. BlackRock Inc. increased its stake 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 valued at $8,939,928,000 after acquiring an additional 714,092 shares during the period. State Street Corp lifted its position in shares of Lowe’s Companies by 3.6% in 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 acquiring an additional 880,815 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Lowe’s Companies by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock worth $956,371,000 after purchasing an additional 201,803 shares in the last quarter. Amundi grew 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 worth $637,848,000 after purchasing an additional 1,053,237 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Lowe’s Companies by 7.1% during the 1st quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock worth $388,992,000 after purchasing an additional 109,520 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock traded up $6.67 during midday trading on Thursday, hitting $194.98. 1,693,515 shares of the company were exchanged, compared to its average volume of 2,951,725. The firm has a market cap of $109.39 billion, a P/E ratio of 16.51, a PEG ratio of 1.58 and a beta of 0.89. Lowe’s Companies, Inc. has a 52 week low of $178.45 and a 52 week high of $293.06. The firm has a 50 day simple moving average of $200.41 and a 200-day simple moving average of $215.19.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating analysts’ consensus estimates of $4.22 by $0.18. The firm 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%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities research analysts expect that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current 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 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Sanford C. Bernstein cut their target price on Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating for the company in a research note on Wednesday, September 9th. KeyCorp reissued an “overweight” rating and issued a $275.00 price target on shares of Lowe’s Companies in a report on Thursday, August 20th. Evercore set a $190.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, October 6th. JPMorgan Chase & Co. reduced their price objective on shares of Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Finally, Weiss Ratings downgraded shares of Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.