Lowe's Companies, Inc. $LOW Shares Bought by Greatmark Investment Partners Inc.

Key Points

• Greatmark Investment Partners increased its Lowe’s stake by 5.8% in the third quarter, purchasing 5,611 additional shares for a total holding of 101,631 shares valued at approximately $18.73 million.
• Institutional ownership remains substantial at 74.06%, with major investors including BlackRock, State Street and Amundi also increasing their positions.
• Analysts maintain a generally positive outlook, with Lowe’s carrying a “Moderate Buy” consensus rating and an average price target of $253.48, compared with a recent share price of $209.18. The company also declared a quarterly dividend of $1.25 per share.

Greatmark Investment Partners Inc. increased its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,631 shares of the home improvement retailer's stock after purchasing an additional 5,611 shares during the period. Lowe's Companies makes up 2.0% of Greatmark Investment Partners Inc.'s portfolio, making the stock its 17th biggest position. Greatmark Investment Partners Inc.'s holdings in Lowe's Companies were worth $18,730,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LOW. BlackRock Inc. lifted its holdings in shares of Lowe's Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer's stock valued at $8,939,928,000 after purchasing an additional 714,092 shares in the last quarter. State Street Corp grew its holdings in shares of Lowe's Companies by 3.6% during the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer's stock worth $5,584,873,000 after buying an additional 880,815 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Lowe's Companies by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 4,104,782 shares of the home improvement retailer's stock worth $905,063,000 after buying an additional 57,167 shares in the last quarter. Amundi raised its position in Lowe's Companies by 57.3% in the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer's stock valued at $637,848,000 after buying an additional 1,053,237 shares during the last quarter. Finally, Swiss National Bank raised its position in Lowe's Companies by 7.1% in the 1st quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer's stock valued at $388,992,000 after buying an additional 109,520 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Guggenheim reiterated a "buy" rating and set a $275.00 target price on shares of Lowe's Companies in a report on Monday, September 21st. TD Cowen restated a "hold" rating and set a $235.00 price objective on shares of Lowe's Companies in a research note on Thursday, August 20th. Mizuho lowered their price objective on shares of Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating on the stock in a research note on Thursday, August 20th. Truist Financial lowered their price target on Lowe's Companies from $255.00 to $254.00 and set a "buy" rating on the stock in a research report on Thursday, August 20th. Finally, KeyCorp restated an "overweight" rating and issued a $275.00 price objective on shares of Lowe's Companies in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus price target of $253.48.

Lowe's Companies Price Performance

LOW stock opened at $209.18 on Friday. The stock has a market capitalization of $117.36 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.73 and a beta of 0.89. The business's fifty day moving average price is $196.23 and its two-hundred day moving average price is $226.43. 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 earnings results 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 previous year, the business posted $4.33 earnings per share. Lowe's Companies's quarterly 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. Research analysts expect that Lowe's Companies, Inc. will post 12.25 EPS for the current year.

Lowe's Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. Lowe's Companies's dividend payout ratio is currently 42.27%.

Lowe's Companies Profile

Lowe's Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

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

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