5,436 Lowe's Companies, Inc. $LOW Shares Purchased by Allied Investment Advisors LLC

Allied Investment Advisors LLC raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,825 shares of the home improvement retailer's stock after buying an additional 5,436 shares during the period. Allied Investment Advisors LLC's holdings in Lowe's Companies were worth $13,237,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. J. Stern & Co. LLP raised its holdings in shares of Lowe's Companies by 7,814.9% in the fourth quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer's stock valued at $359,417,000 after buying an additional 1,471,539 shares during the last quarter. Amundi lifted its position 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 worth $637,848,000 after buying an additional 1,053,237 shares in the last quarter. State Street Corp grew its holdings in Lowe's Companies by 3.6% during 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 last quarter. BlackRock Inc. grew its holdings in 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 acquiring an additional 714,092 shares during the last quarter. Finally, Cullen Capital Management LLC bought a new stake in Lowe's Companies during the 2nd quarter worth about $139,207,000. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LOW shares. Melius Research set a $244.00 price objective on shares of Lowe's Companies in a research report on Tuesday, October 6th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $231.00 target price on shares of Lowe's Companies in a research report on Thursday, August 20th. Mizuho decreased their price target on shares of Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating on the stock in a research note on Thursday, August 20th. Truist Financial lowered their price target on shares of 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, DA Davidson reissued a "neutral" rating and issued a $245.00 price target on shares of Lowe's Companies in a report on Wednesday, August 19th. One equities 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $254.29.

Lowe's Companies Price Performance

LOW opened at $188.75 on Wednesday. The firm has a 50 day simple moving average of $201.04 and a 200 day simple moving average of $215.53. Lowe's Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06. The company has a market cap of $105.90 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.55 and a beta of 0.89.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping analysts' consensus estimates of $4.22 by $0.18. Lowe's Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The firm had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same quarter in the previous year, the business earned $4.33 EPS. The business's quarterly revenue was up 8.3% compared to the same quarter last year. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, analysts expect that Lowe's Companies, Inc. will post 12.26 EPS for the current year.

Lowe's Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.6%. Lowe's Companies's dividend payout ratio is presently 42.27%.

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.

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