Lowe's Companies, Inc. $LOW Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,203,093 shares of the home improvement retailer's stock after purchasing an additional 58,765 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of Lowe's Companies worth $297,032,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LOW. Vanguard Group Inc. raised its holdings in Lowe's Companies by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer's stock worth $13,560,617,000 after purchasing an additional 924,625 shares during the last quarter. State Street Corp grew its holdings in Lowe's Companies by 0.5% in the third quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer's stock valued at $6,291,867,000 after purchasing an additional 124,501 shares during the last quarter. Northern Trust Corp increased its position in shares of Lowe's Companies by 1.5% in the third quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer's stock valued at $1,716,467,000 after buying an additional 103,827 shares in the last quarter. Invesco Ltd. raised its stake in shares of Lowe's Companies by 5.2% during the 3rd quarter. Invesco Ltd. now owns 4,830,373 shares of the home improvement retailer's stock worth $1,213,921,000 after buying an additional 240,123 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Lowe's Companies by 12.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,294,776 shares of the home improvement retailer's stock worth $1,079,320,000 after buying an additional 463,012 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on LOW. Truist Financial lowered their price objective on shares of Lowe's Companies from $295.00 to $293.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Royal Bank Of Canada lifted their target price on shares of Lowe's Companies from $252.00 to $257.00 and gave the stock a "sector perform" rating in a research report on Monday, February 23rd. Mizuho increased their price target on shares of Lowe's Companies from $272.00 to $294.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. Wells Fargo & Company raised their price objective on shares of Lowe's Companies from $280.00 to $290.00 and gave the stock an "overweight" rating in a research note on Thursday, February 26th. Finally, UBS Group cut their price objective on Lowe's Companies from $316.00 to $315.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Twenty equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $289.10.

Lowe's Companies Trading Up 0.7%

NYSE:LOW opened at $225.20 on Wednesday. Lowe's Companies, Inc. has a 12-month low of $210.33 and a 12-month high of $293.06. The firm has a market cap of $126.13 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 4.85 and a beta of 0.91. The company's 50-day moving average is $244.30 and its two-hundred day moving average is $249.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.04. The business had revenue of $20.59 billion during the quarter, compared to analyst estimates of $20.34 billion. Lowe's Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company's revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.93 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, equities research analysts forecast that Lowe's Companies, Inc. will post 12.63 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 22nd. Lowe's Companies's dividend payout ratio is currently 40.51%.

Lowe's Companies 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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