Lowe’s Companies, Inc. $LOW Stock: StoneX Group Inc. Raises Stake

StoneX Group Inc. grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 70.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,072 shares of the home improvement retailer’s stock after buying an additional 3,752 shares during the quarter. StoneX Group Inc.’s holdings in Lowe’s Companies were worth $1,724,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in LOW. BlackRock Inc. raised its holdings in 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 acquiring an additional 714,092 shares during the last quarter. State Street Corp lifted its position 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 valued at $5,584,873,000 after acquiring an additional 880,815 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Lowe’s Companies by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,104,782 shares of the home improvement retailer’s stock valued at $905,063,000 after acquiring an additional 57,167 shares in the last quarter. Amundi boosted its stake in Lowe’s Companies by 57.3% during the 2nd 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. Finally, Swiss National Bank boosted its stake in 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 valued at $388,992,000 after purchasing an additional 109,520 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on LOW shares. KeyCorp reissued an “overweight” rating and issued a $275.00 target price on shares of Lowe’s Companies in a report on Thursday, August 20th. Wells Fargo & Company lowered their price target on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating on the stock in a report on Tuesday, August 11th. DA Davidson reaffirmed a “neutral” rating and set a $245.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, August 19th. Truist Financial reduced their price objective on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a report on Thursday, August 20th. Finally, Mizuho decreased their target price on 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. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $254.23.

Lowe’s Companies Trading Up 3.4%

Shares of LOW opened at $232.17 on Tuesday. The firm has a market cap of $130.26 billion, a PE ratio of 19.63, a P/E/G ratio of 1.92 and a beta of 0.81. The firm has a fifty day simple moving average of $197.66 and a two-hundred day simple moving average of $224.91. 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 released its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 12.25 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio is 42.27%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels.

Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe’s also provides services such as installation and other project support.

Founded in 1921 in North Wilkesboro, North Carolina, Lowe’s has grown into a major retailer operating across the United States.