62,816 Lowe's Companies, Inc. $LOW Shares Sold by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC cut its Lowe’s stake by 58.3%, selling 62,816 shares and retaining 45,000 shares valued at approximately $8.3 million. Institutional investors collectively own 74.06% of the company.
• Lowe’s reported quarterly EPS of $4.40, exceeding estimates of $4.22, while revenue rose 8.3% year over year to $25.96 billion, slightly below expectations. The company declared a quarterly dividend of $1.25 per share, representing a 2.4% annualized yield.
• Analyst sentiment remains a “Moderate Buy,” with an average price target of $253.48, although several firms recently lowered their targets. Lowe’s shares opened at $209.18, compared with a 12-month range of $178.45 to $293.06.

International Assets Investment Management LLC lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 58.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,000 shares of the home improvement retailer's stock after selling 62,816 shares during the period. International Assets Investment Management LLC's holdings in Lowe's Companies were worth $8,293,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOW. William Mack & Associates Inc. purchased a new position in Lowe's Companies in the 3rd quarter valued at about $31,000. Latitude Advisors LLC acquired a new stake in shares of Lowe's Companies during the 3rd quarter worth about $32,000. Markowski Investments acquired a new stake in shares of Lowe's Companies during the 2nd quarter worth about $33,000. John Boyer Inc. purchased a new stake in shares of Lowe's Companies during the third quarter worth about $36,000. Finally, IAG Wealth Partners LLC grew its holdings 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 worth $37,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

Lowe's Companies stock opened at $209.18 on Friday. Lowe's Companies, Inc. has a 12-month low of $178.45 and a 12-month high of $293.06. The company has a market capitalization of $117.36 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.75 and a beta of 0.89. The firm's fifty day moving average price is $196.23 and its 200 day moving average price is $226.43.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $25.96 billion during the quarter, compared to analysts' expectations of $26.13 billion. Lowe's Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $4.33 EPS. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Analysts forecast that Lowe's Companies, Inc. will post 12.25 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. Lowe's Companies's dividend payout ratio is currently 42.27%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Evercore set a $190.00 price objective on shares of Lowe's Companies in a research report on Tuesday, October 6th. KeyCorp restated an "overweight" rating and set a $275.00 target price on shares of Lowe's Companies in a research report on Thursday, August 20th. Weiss Ratings cut shares of Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, August 17th. UBS Group cut their price target on Lowe's Companies from $285.00 to $275.00 and set a "buy" rating for the company in a report on Thursday, August 20th. Finally, Stifel Nicolaus reduced their price target on Lowe's Companies from $220.00 to $195.00 and set a "hold" rating on the stock in a research note on Monday, October 26th. 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $253.48.

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.

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