Asset Management One Co. Ltd. Acquires 6,147 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Asset Management One increased its Lowe’s stake by 2.6% in the third quarter, purchasing 6,147 additional shares and bringing its total holdings to 239,304 shares valued at approximately $44.1 million.
• Institutional ownership remains substantial, with hedge funds and other institutional investors holding 74.06% of Lowe’s outstanding stock. Major holders including BlackRock, State Street and Amundi also increased their positions.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $253.48, compared with the stock’s reported price of $198.02.

Asset Management One Co. Ltd. increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 239,304 shares of the home improvement retailer's stock after purchasing an additional 6,147 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Lowe's Companies were worth $44,101,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. increased its position in shares of Lowe's Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer's stock valued at $8,939,928,000 after buying an additional 714,092 shares in the last quarter. State Street Corp raised its stake in shares of 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 buying an additional 880,815 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Lowe's Companies by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer's stock worth $956,371,000 after buying an additional 201,803 shares during the period. Amundi lifted its position in shares of 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 buying an additional 1,053,237 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of 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 buying an additional 109,520 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. KeyCorp reissued an "overweight" rating and issued a $275.00 price target on shares of Lowe's Companies in a research note on Thursday, August 20th. Truist Financial reduced their price objective on shares of Lowe's Companies from $255.00 to $254.00 and set a "buy" rating for the company in a research report on Thursday, August 20th. TD Cowen restated a "hold" rating and set a $235.00 price objective on shares of Lowe's Companies in a research report on Thursday, August 20th. Sanford C. Bernstein decreased their price objective on shares of Lowe's Companies from $261.00 to $254.00 and set an "outperform" rating on the stock in a report on Wednesday, September 9th. Finally, DA Davidson reiterated a "neutral" rating and issued a $245.00 target price on shares of Lowe's Companies in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $253.48.

Lowe's Companies Stock Down 0.1%

Shares of NYSE LOW opened at $198.02 on Thursday. The firm has a 50-day simple moving average of $196.68 and a 200-day simple moving average of $227.04. The stock has a market capitalization of $111.10 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89. Lowe's Companies, Inc. has a 52 week low of $178.45 and a 52 week high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.22 by $0.18. Lowe's Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The business had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same period last year, the company earned $4.33 EPS. The company'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. As a group, equities research analysts expect that Lowe's Companies, Inc. will post 12.25 EPS for the current year.

Lowe's Companies Dividend Announcement

The company also recently disclosed 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 dividend yield of 2.5%. Lowe's Companies's dividend payout ratio is currently 42.27%.

Lowe's Companies 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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