Commonwealth Equity Services LLC Sells 20,478 Shares of Lowe's Companies, Inc. $LOW

Commonwealth Equity Services LLC decreased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 312,219 shares of the home improvement retailer's stock after selling 20,478 shares during the quarter. Commonwealth Equity Services LLC owned about 0.06% of Lowe's Companies worth $57,539,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Nykredit A S bought a new stake in Lowe's Companies in the 2nd quarter valued at $42,217,000. First Citizens Bank & Trust Co. grew its position in Lowe's Companies by 31.8% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 24,068 shares of the home improvement retailer's stock worth $4,435,000 after purchasing an additional 5,804 shares during the last quarter. Glenview Trust Co grew its position in Lowe's Companies by 4.9% in the 2nd quarter. Glenview Trust Co now owns 230,389 shares of the home improvement retailer's stock worth $50,798,000 after purchasing an additional 10,735 shares during the last quarter. Andra AP fonden increased its holdings in shares of Lowe's Companies by 14.6% during the 2nd quarter. Andra AP fonden now owns 105,313 shares of the home improvement retailer's stock worth $23,220,000 after purchasing an additional 13,400 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of Lowe's Companies by 33.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 29,209 shares of the home improvement retailer's stock worth $5,383,000 after purchasing an additional 7,364 shares during the period. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

LOW opened at $225.13 on Friday. The company has a market capitalization of $126.31 billion, a P/E ratio of 19.03, a P/E/G ratio of 1.88 and a beta of 0.81. The firm's fifty day moving average price is $197.18 and its two-hundred day moving average price is $225.13. Lowe's Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating 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 company had revenue of $25.96 billion during the quarter, compared to analysts' expectations of $26.13 billion. During the same quarter in the prior year, the company posted $4.33 EPS. The business's revenue 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, equities research analysts expect that Lowe's Companies, Inc. will post 12.25 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. Lowe's Companies's payout ratio is presently 42.27%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Mizuho cut their price objective on shares of Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating for the company in a research report on Thursday, August 20th. KeyCorp reissued an "overweight" rating and set a $275.00 target price on shares of Lowe's Companies in a research report on Thursday, August 20th. UBS Group lowered their price target on Lowe's Companies from $285.00 to $275.00 and set a "buy" rating on the stock in a research note on Thursday, August 20th. DA Davidson restated a "neutral" rating and set a $245.00 price target on shares of Lowe's Companies in a research note on Wednesday, August 19th. Finally, Gordon Haskett cut Lowe's Companies from a "buy" rating to a "hold" rating and set a $200.00 price target for the company. in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $253.48.

Lowe's Companies Company Profile

Lowe's Companies, Inc is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels.

Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe's also provides services such as installation and other project support.

Founded in 1921 in North Wilkesboro, North Carolina, Lowe's has grown into a major retailer operating across the United States.

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