California State Teachers Retirement System Has $40.33 Billion Stock Position in Lowe's Companies, Inc. $LOW

Key Points

• California State Teachers Retirement System dramatically increased its Lowe’s position by acquiring 182.1 million shares, bringing its total holding to 182.9 million shares valued at approximately $40.33 billion, or 32.63% of the company.
• Lowe’s latest quarterly results exceeded expectations on earnings, reporting $4.40 EPS versus the $4.22 consensus, while revenue rose 8.3% year over year to $25.96 billion but came in slightly below estimates.
• The company maintained its $1.25 quarterly dividend, equal to a $5.00 annualized payout and a 2.4% yield. Analysts hold a “Moderate Buy” consensus rating with an average price target of $258.53, above the reported $204.45 share price.

California State Teachers Retirement System lifted its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 21,712.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 182,933,056 shares of the home improvement retailer's stock after acquiring an additional 182,094,408 shares during the period. California State Teachers Retirement System owned about 32.63% of Lowe's Companies worth $40,334,910,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Providence Wealth Advisors LLC raised its stake in Lowe's Companies by 0.5% during the 4th quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer's stock valued at $1,959,000 after purchasing an additional 36 shares during the period. First Command Advisory Services Inc. boosted its position in shares of Lowe's Companies by 1.3% in the fourth quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer's stock worth $711,000 after buying an additional 38 shares during the period. Smithbridge Asset Management Inc. DE boosted its position in shares of Lowe's Companies by 1.1% in the fourth quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer's stock worth $898,000 after buying an additional 39 shares during the period. Sumitomo Life Insurance Co. grew its holdings in shares of Lowe's Companies by 0.6% during the fourth quarter. Sumitomo Life Insurance Co. now owns 6,140 shares of the home improvement retailer's stock valued at $1,481,000 after buying an additional 39 shares in the last quarter. Finally, S&CO Inc. grew its holdings in shares of Lowe's Companies by 0.6% during the fourth quarter. S&CO Inc. now owns 6,403 shares of the home improvement retailer's stock valued at $1,544,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

In related news, EVP Janice Dupré sold 14,150 shares of Lowe's Companies stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total value of $3,139,885.00. Following the transaction, the executive vice president owned 39,785 shares in the company, valued at $8,828,291.50. This trade represents a 26.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Margrethe Vagell sold 2,500 shares of Lowe's Companies stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the completion of the transaction, the executive vice president owned 20,220 shares in the company, valued at $4,525,842.60. This trade represents a 11.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is owned by insiders.

Lowe's Companies Stock Performance

LOW opened at $204.45 on Monday. The firm has a market cap of $114.71 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 2.72 and a beta of 0.85. The business has a 50 day moving average price of $213.44 and a 200 day moving average price of $227.51. Lowe's Companies, Inc. has a twelve month low of $199.34 and a twelve month high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating the consensus estimate 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 company had revenue of $25.96 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter last year, the company posted $4.33 earnings per share. The company's revenue for the quarter 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 anticipate that Lowe's Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be paid a $1.25 dividend. The ex-dividend date 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 (DPR) is presently 42.27%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LOW. Stifel Nicolaus reduced their price objective on Lowe's Companies from $270.00 to $220.00 and set a "hold" rating for the company in a research note on Monday, May 18th. Oppenheimer lowered their target price on Lowe's Companies from $315.00 to $275.00 and set an "outperform" rating on the stock in a research note on Monday, May 18th. The Goldman Sachs Group dropped their target price on Lowe's Companies from $300.00 to $293.00 and set a "buy" rating on the stock in a report on Thursday, May 21st. Jefferies Financial Group reduced their price target on shares of Lowe's Companies from $305.00 to $278.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. Finally, Truist Financial decreased 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. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $258.53.

Key Lowe's Companies News

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

Lowe's Companies Company 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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