Flputnam Investment Management Co. Has $22.50 Million Holdings in Lowe's Companies, Inc. $LOW

Flputnam Investment Management Co. lessened its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 11.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,061 shares of the home improvement retailer's stock after selling 13,456 shares during the period. Flputnam Investment Management Co.'s holdings in Lowe's Companies were worth $22,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Swiss RE Ltd. acquired a new stake in Lowe's Companies during the 4th quarter worth approximately $25,000. Wilkerson Advisory Group LLC acquired a new position in Lowe's Companies in the 4th quarter valued at $27,000. Sankala Group LLC acquired a new position in Lowe's Companies in the 4th quarter valued at $33,000. Triumph Capital Management bought a new position in Lowe's Companies during the 3rd quarter worth $34,000. Finally, Ares Financial Consulting LLC bought a new position in Lowe's Companies during the 4th quarter worth $36,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Truist Financial reduced their target price on shares of Lowe's Companies from $280.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. William Blair began coverage on shares of Lowe's Companies in a research report on Tuesday, May 12th. They set an "overweight" rating on the stock. Benchmark assumed coverage on shares of Lowe's Companies in a research note on Tuesday, May 12th. They issued a "hold" rating for the company. The Goldman Sachs Group cut their price objective on shares of Lowe's Companies from $300.00 to $293.00 and set a "buy" rating for the company in a report on Thursday, May 21st. Finally, Morgan Stanley cut their price objective on shares of Lowe's Companies from $292.00 to $277.00 and set an "overweight" rating for the company in a report on Thursday, May 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $262.63.

Lowe's Companies Trading Down 0.1%

Shares of NYSE:LOW opened at $218.19 on Monday. The firm has a 50 day moving average of $216.00 and a 200-day moving average of $234.57. Lowe's Companies, Inc. has a 12 month low of $199.40 and a 12 month high of $293.06. The stock has a market capitalization of $122.34 billion, a PE ratio of 18.44, a PEG ratio of 2.79 and a beta of 0.86.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.06. The business had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. Lowe's Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The firm's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $2.92 EPS. Lowe's Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, research analysts predict that Lowe's Companies, Inc. will post 12.43 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd were issued a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Lowe's Companies's previous quarterly dividend of $1.20. Lowe's Companies's dividend payout ratio (DPR) is 42.27%.

Trending Headlines about Lowe's Companies

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

• Positive Sentiment: Lowe’s is described as trading at its lowest forward price-to-earnings multiple in more than two years. Its status as a Dividend King, along with a recent dividend increase, strengthens the long-term income-investment case. 1 Number That Makes Lowe's Stock an Obvious Buy Before Aug. 19
• Positive Sentiment: Several analysts remain moderately optimistic despite the recent underperformance. Citigroup retained a “buy” rating while lowering its price target to $267 from $285, and Wells Fargo’s reduced target of $245 still implies meaningful upside from recent levels. Citigroup Lowe's Price Target Update
• Positive Sentiment: Investor articles argue that a series of downward Q2 EPS estimate revisions may have lowered expectations and created the potential for a favorable earnings surprise. The longer-term bull case remains tied to Lowe’s brand strength, home-improvement demand and operating potential. Lowe's Q2 EPS Revisions
• Neutral Sentiment: Wall Street projections for the quarter ended July 2026 are focusing on key operating metrics beyond revenue and EPS. The Aug. 19 report is the next major catalyst and could determine the near-term direction of the shares. Insights Into Lowe's Q2 Wall Street Projections
• Neutral Sentiment: Lowe’s has completed a five-year, $100 million hometown revitalization commitment and announced additional community investments. These efforts may support brand reputation but are unlikely to materially affect near-term earnings. Is Lowe's Companies Undervalued As Its Earnings Call Nears?
• Negative Sentiment: Royal Bank of Canada lowered its expectations for Lowe’s, adding to concerns about near-term performance ahead of earnings. The company also faces elevated expectations around its upcoming results despite recent estimate reductions. Royal Bank of Canada Lowe's Expectations

Insider Activity

In related news, EVP Margrethe R. Vagell sold 2,500 shares of the firm's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the sale, the executive vice president directly owned 20,220 shares of the company's stock, valued at $4,525,842.60. This trade represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Janice Dupre sold 14,150 shares of Lowe's Companies stock in a transaction dated 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 completion of the transaction, the executive vice president owned 39,785 shares in the company, valued at approximately $8,828,291.50. This represents a 26.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 25,980 shares of company stock worth $5,796,937. Insiders own 0.29% of the company's stock.

About Lowe's Companies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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