Lowe’s Companies, Inc. $LOW Shares Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 31.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 184,500 shares of the home improvement retailer’s stock after selling 84,050 shares during the period. Lowe’s Companies makes up approximately 1.2% of Schwartz Investment Counsel Inc.’s portfolio, making the stock its 29th biggest holding. Schwartz Investment Counsel Inc.’s holdings in Lowe’s Companies were worth $34,002,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LOW. Amundi lifted its position in Lowe’s Companies by 57.3% during 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. State Street Corp grew its stake in 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 buying an additional 880,815 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Lowe’s Companies by 1.8% in the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after buying an additional 714,092 shares during the last quarter. Cullen Capital Management LLC bought a new position in shares of Lowe’s Companies in the 2nd quarter worth $139,207,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Lowe’s Companies by 142.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,033,232 shares of the home improvement retailer’s stock worth $244,132,000 after buying an additional 607,046 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. TD Cowen restated a “hold” rating and set a $235.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 20th. KeyCorp reiterated an “overweight” rating and issued a $275.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 20th. Mizuho cut their target price on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Telsey Advisory Group reduced their target price on Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. Finally, Piper Sandler lowered their price target on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned 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.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average price target of $253.48.

Lowe’s Companies Stock Up 0.0%

Shares of LOW opened at $198.23 on Wednesday. The stock has a 50 day simple moving average of $197.03 and a two-hundred day simple moving average of $227.33. Lowe’s Companies, Inc. has a 1 year low of $178.45 and a 1 year high of $293.06.

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, beating analysts’ consensus estimates of $4.22 by $0.18. The business had revenue of $25.96 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the previous year, the business earned $4.33 earnings per share. The firm’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. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 12.25 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, October 21st.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.