Amundi Raises Stake in Lowe's Companies, Inc. $LOW

Key Points

• Amundi increased its Lowe’s stake by 57.3% in the second quarter, adding 1.05 million shares to own 2.89 million shares valued at approximately $637.8 million. Institutional investors collectively own 74.06% of the company.
• Lowe’s reported quarterly EPS of $4.40, exceeding estimates, while revenue rose 8.3% year over year to $25.96 billion. The company maintained its $1.25 quarterly dividend, equivalent to a 2.4% yield.
• Analysts maintain a generally positive outlook, with 23 Buy ratings and an average target price of $258.53, though several firms lowered their targets and risks include higher mortgage rates, limited projected EPS growth, and recent insider selling.

Amundi increased its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 57.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,892,868 shares of the home improvement retailer's stock after buying an additional 1,053,237 shares during the period. Amundi owned 0.52% of Lowe's Companies worth $637,848,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss RE Ltd. purchased a new position in shares of Lowe's Companies during the fourth quarter worth approximately $25,000. Wilkerson Advisory Group LLC bought a new stake in shares of Lowe's Companies during the fourth quarter valued at approximately $27,000. Sankala Group LLC purchased a new stake in shares of Lowe's Companies in the fourth quarter valued at approximately $33,000. Triumph Capital Management purchased a new stake in shares of Lowe's Companies in the third quarter valued at approximately $34,000. Finally, Markowski Investments bought a new position in Lowe's Companies in the second quarter worth approximately $33,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies News Roundup

Here are the key news stories impacting Lowe's Companies this week:

• Positive Sentiment: Retail earnings point to a “K-shaped” consumer economy, with Lowe’s and Home Depot benefiting from relatively solid home-improvement sales even as lower-income-focused retailers face greater tariff and margin pressure. Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
• Positive Sentiment: Lowe’s plans to open three additional stores in 2026, supporting its long-term sales footprint and market expansion. Lowe's opening 3 more stores in these states in 2026
• Positive Sentiment: The Lowe’s Foundation launched a large skilled-trades training coalition with NVIDIA, AT&T, Bank of America, Carrier, General Motors, DEWALT and Duke Energy. The effort could expand the contractor labor pool and support future Pro customer demand. Nvidia Is Now Paying to Train Plumbers
• Neutral Sentiment: Five new executive vice presidents were appointed across Pro, Home Services, stores, information and AI, strategy, and marketing. Lowe’s also maintained its $1.25 quarterly dividend, while expanding online offerings; the new leadership could improve execution, but a shelf registration for 2.5 million shares creates a potential future dilution overhang. Did Lowe’s New EVP Lineup and Shelf Filing Just Quietly Reframe the LOW Investment Narrative?
• Neutral Sentiment: The NFL-focused “Earn Your Sunday” campaign adds new star athletes and may strengthen brand engagement, although its direct financial impact is unclear. Lowe's Kicks Off Year Two of Earn Your Sunday
• Negative Sentiment: Zacks Research cut its FY2027 EPS estimate for Lowe’s to $12.25 from $12.45, aligning it near the $12.26 consensus and signaling limited expected earnings growth. Zacks Research Issues Negative Estimate for LOW Earnings
• Negative Sentiment: Mortgage rates have reached a one-year high following a global bond sell-off. Higher borrowing costs could discourage housing transactions and large remodeling projects, pressuring demand at Lowe’s and Home Depot. Mortgage Rates Just Hit a 1-Year High

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Mizuho dropped their target price on shares of Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating on the stock in a report on Thursday, August 20th. Piper Sandler lowered their price target on shares of Lowe's Companies from $276.00 to $274.00 and set an "overweight" rating for the company in a research report on Thursday, August 13th. Gordon Haskett cut their price objective on shares of Lowe's Companies from $280.00 to $250.00 and set a "buy" rating on the stock in a report on Thursday, May 21st. Craig Hallum raised shares of Lowe's Companies to a "buy" rating in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. lowered their target price on Lowe's Companies from $279.00 to $252.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $258.53.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Juliette Pryor sold 9,330 shares of the firm's stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the transaction, the executive vice president owned 16,142 shares in the company, valued at $3,628,883.02. This trade represents a 36.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Janice Dupré sold 14,150 shares of Lowe's Companies stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the sale, the executive vice president directly owned 39,785 shares of the company's stock, valued at approximately $8,828,291.50. This represents a 26.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is owned by insiders.

Lowe's Companies Price Performance

Shares of LOW opened at $204.45 on Monday. The company has a market cap of $114.71 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 2.72 and a beta of 0.85. Lowe's Companies, Inc. has a twelve month low of $199.34 and a twelve month high of $293.06. The company has a 50 day moving average of $213.44 and a two-hundred day moving average of $227.51.

Lowe's Companies (NYSE:LOW - Get Free Report) last released 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. Lowe's Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same period in the previous year, the company earned $4.33 earnings per share. The business's revenue for the quarter 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, sell-side analysts expect that Lowe's Companies, Inc. will post 12.26 EPS for the current year.

Lowe's Companies Announces Dividend

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

Lowe's Companies Profile

Lowe's Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe's also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.

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