Lowe’s Companies, Inc. $LOW Holdings Trimmed by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 88.6% during the third quarter, Holdings Channel reports. The firm owned 143,872 shares of the home improvement retailer’s stock after selling 1,121,695 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Lowe’s Companies were worth $26,514,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Markowski Investments bought a new stake in shares of Lowe’s Companies during the 2nd quarter valued at about $33,000. IAG Wealth Partners LLC increased its position in shares of Lowe’s Companies by 178.6% during the first quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer’s stock valued at $37,000 after buying an additional 100 shares during the period. Miller Global Investments LLC purchased a new position in shares of Lowe’s Companies during the third quarter valued at about $40,000. Lodestone Wealth Management LLC raised its stake in Lowe’s Companies by 95.6% in the third quarter. Lodestone Wealth Management LLC now owns 221 shares of the home improvement retailer’s stock worth $41,000 after buying an additional 108 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID raised its stake in Lowe’s Companies by 219.7% in the first quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer’s stock worth $46,000 after buying an additional 134 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on LOW. Guggenheim restated a “buy” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a report on Monday, September 21st. Royal Bank Of Canada reiterated a “sector perform” rating and set a $231.00 target price on shares of Lowe’s Companies in a report on Thursday, August 20th. Wells Fargo & Company decreased their target price on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a research report on Tuesday, August 11th. Evercore set a $190.00 target price on Lowe’s Companies in a research note on Tuesday, October 6th. Finally, Piper Sandler dropped 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 assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $254.29.

Lowe’s Companies Trading Down 2.7%

NYSE LOW opened at $198.82 on Friday. Lowe’s Companies, Inc. has a 12 month low of $178.45 and a 12 month high of $293.06. The stock’s fifty day moving average price is $197.50 and its 200-day moving average price is $213.62. The stock has a market cap of $111.55 billion, a P/E ratio of 16.39, a P/E/G ratio of 1.71 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.22 by $0.18. The firm had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. Lowe’s Companies’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous 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, analysts forecast that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal 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 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.27%.

Lowe’s Companies Company 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.