Corient Private Wealth LP Decreases Stock Position in Lowe's Companies, Inc. $LOW

Key Points

• Corient Private Wealth LP reduced its Lowe’s stake by 25.4% in the second quarter, selling 79,022 shares and retaining 232,350 shares valued at approximately $51.2 million.
• Lowe’s reported quarterly earnings of $4.40 per share, beating estimates of $4.22, while revenue rose 8.3% year over year to $25.96 billion but fell slightly short of forecasts.
• The company declared a quarterly dividend of $1.25 per share, or $5.00 annualized, representing a 2.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $257.63.

Corient Private Wealth LP trimmed its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 25.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 232,350 shares of the home improvement retailer's stock after selling 79,022 shares during the period. Corient Private Wealth LP's holdings in Lowe's Companies were worth $51,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in LOW. California State Teachers Retirement System grew its position in shares of Lowe's Companies by 21,712.9% in the second quarter. California State Teachers Retirement System now owns 182,933,056 shares of the home improvement retailer's stock valued at $40,334,910,000 after purchasing an additional 182,094,408 shares during the last quarter. Norges Bank purchased a new position in shares of Lowe's Companies during the 4th quarter worth approximately $1,993,697,000. Price T Rowe Associates Inc. MD raised its position in shares of Lowe's Companies by 45.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,555,565 shares of the home improvement retailer's stock worth $1,580,941,000 after purchasing an additional 2,039,343 shares during the last quarter. J. Stern & Co. LLP raised its position in shares of Lowe's Companies by 7,814.9% during the 4th quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer's stock worth $359,417,000 after purchasing an additional 1,471,539 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Lowe's Companies in the 4th quarter valued at approximately $308,683,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe's Companies Stock Performance

Shares of NYSE LOW opened at $197.16 on Friday. The firm has a market cap of $110.62 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 2.62 and a beta of 0.85. Lowe's Companies, Inc. has a 1 year low of $195.06 and a 1 year high of $293.06. The firm's 50 day moving average price is $211.06 and its 200 day moving average price is $225.05.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share 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 during the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the firm posted $4.33 EPS. Lowe's Companies'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. As a group, equities analysts predict that Lowe's Companies, Inc. will post 12.26 EPS for the current year.

Lowe's Companies Dividend Announcement

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 paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, October 21st. Lowe's Companies's dividend payout ratio is presently 42.27%.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Janice Dupré sold 14,150 shares of the firm's 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 trade represents a 26.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of Lowe's Companies stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the sale, the executive vice president owned 20,220 shares of the company's stock, 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. Over the last ninety days, insiders sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on LOW. Wells Fargo & Company lowered their target price on Lowe's Companies from $255.00 to $245.00 and set an "overweight" rating on the stock in a report on Tuesday, August 11th. Telsey Advisory Group cut their price target on Lowe's Companies from $280.00 to $260.00 and set an "outperform" rating for the company in a report on Thursday, August 20th. Evercore reduced their price objective on Lowe's Companies from $250.00 to $230.00 in a research report on Thursday, May 21st. Oppenheimer decreased their price objective 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. Finally, Jefferies Financial Group dropped their price objective on 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. Twenty-three research 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's stock. According to MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average target price of $257.63.

Lowe's Companies Profile

Lowe's Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.

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