International Assets Investment Management LLC Sells 99,166 Shares of Lowe's Companies, Inc. $LOW

Key Points

• International Assets Investment Management cut its Lowe’s stake by 92%, selling 99,166 shares in the third quarter and retaining 8,650 shares valued at about $1.58 million.
• Lowe’s quarterly earnings per share of $4.40 topped estimates of $4.22, while revenue of $25.96 billion fell short of forecasts; revenue still grew 8.3% year over year.
• Analysts give Lowe’s a consensus “Moderate Buy” rating and an average price target of $253.48. The company’s quarterly dividend is $1.25 per share, or $5 annually.

International Assets Investment Management LLC decreased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 92.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,650 shares of the home improvement retailer's stock after selling 99,166 shares during the quarter. International Assets Investment Management LLC's holdings in Lowe's Companies were worth $1,578,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Markowski Investments purchased a new stake in shares of Lowe's Companies in the second quarter worth approximately $33,000. William Mack & Associates Inc. purchased a new position in shares of Lowe's Companies during the third quarter valued at approximately $31,000. Latitude Advisors LLC purchased a new position in shares of Lowe's Companies during the third quarter valued at approximately $32,000. Legacy Wealth Managment LLC ID grew its holdings in Lowe's Companies by 219.7% during the first quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer's stock worth $46,000 after buying an additional 134 shares in the last quarter. Finally, John Boyer Inc. bought a new stake in Lowe's Companies during the third quarter worth $36,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LOW shares. JPMorgan Chase & Co. lowered their price target on Lowe's Companies from $279.00 to $252.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. TD Cowen reaffirmed a "hold" rating and set a $235.00 price objective on shares of Lowe's Companies in a report on Thursday, August 20th. KeyCorp reaffirmed an "overweight" rating and set a $275.00 price objective on shares of Lowe's Companies in a report on Thursday, August 20th. UBS Group reduced their target price on shares of Lowe's Companies from $285.00 to $275.00 and set a "buy" rating for the company in a research note on Thursday, August 20th. Finally, Guggenheim reiterated a "buy" rating and issued a $275.00 target price on shares of Lowe's Companies in a report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $253.48.

Lowe's Companies Stock Up 0.3%

LOW stock opened at $225.13 on Monday. The firm has a market cap of $126.31 billion, a PE ratio of 19.03, a P/E/G ratio of 1.88 and a beta of 0.81. The business has a 50 day moving average of $197.18 and a 200-day moving average of $225.13. Lowe's Companies, Inc. has a 12-month low of $178.45 and a 12-month high of $293.06.

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 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 for the quarter, compared to analyst estimates of $26.13 billion. During the same period last year, the company posted $4.33 earnings per share. Lowe's Companies's quarterly revenue 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. On average, research analysts expect that Lowe's Companies, Inc. will post 12.25 earnings per share for the current year.

Lowe's Companies Dividend Announcement

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

Lowe's Companies 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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