Lowe's Companies, Inc. $LOW Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group increased its stake in Lowe's by 1.6%, acquiring 21,249 shares to hold 1,357,938 shares worth about $327.48 million (0.24% of the company) at quarter-end.
• Lowe's beat quarterly estimates with $1.98 EPS vs. $1.94 expected and $20.59 billion in revenue vs. $20.34 billion, and set FY2026 guidance of $12.25–$12.75 EPS.
• Analysts show a consensus "Moderate Buy" with a $289.24 price target (22 Buys, 8 Holds), and Lowe's announced a $1.20 quarterly dividend ($4.80 annual, 2.0% yield) with ex-dividend on April 22 and payment on May 6.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,357,938 shares of the home improvement retailer's stock after acquiring an additional 21,249 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Lowe's Companies worth $327,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. Activest Wealth Management boosted its stake in Lowe's Companies by 78.5% during the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer's stock valued at $29,000 after purchasing an additional 51 shares in the last quarter. United Financial Planning Group LLC bought a new position in Lowe's Companies during the 3rd quarter valued at $31,000. Triumph Capital Management bought a new position in Lowe's Companies during the 3rd quarter valued at $34,000. Guerra Advisors Inc bought a new position in Lowe's Companies during the 3rd quarter valued at $35,000. Finally, Financial Life Planners bought a new position in Lowe's Companies during the 3rd quarter valued at $36,000. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LOW shares. Wells Fargo & Company increased their price target on Lowe's Companies from $280.00 to $290.00 and gave the company an "overweight" rating in a research note on Thursday, February 26th. Wolfe Research decreased their price target on Lowe's Companies from $285.00 to $284.00 and set an "outperform" rating for the company in a research note on Wednesday, February 4th. DA Davidson reaffirmed a "neutral" rating and set a $275.00 price target on shares of Lowe's Companies in a research note on Thursday, February 26th. Weiss Ratings raised Lowe's Companies from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, March 24th. Finally, Sanford C. Bernstein decreased their price target on Lowe's Companies from $313.00 to $303.00 and set an "outperform" rating for the company in a research note on Thursday, February 26th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $289.24.

Lowe's Companies Stock Down 1.4%

Shares of NYSE LOW opened at $244.45 on Friday. The stock has a market capitalization of $136.91 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 5.31 and a beta of 0.97. The stock's fifty day simple moving average is $255.24 and its 200 day simple moving average is $249.96. Lowe's Companies, Inc. has a 52-week low of $210.33 and a 52-week high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.04. The business had revenue of $20.59 billion for the quarter, compared to analysts' expectations of $20.34 billion. Lowe's Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The company's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.93 EPS. Lowe's Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, April 22nd. Lowe's Companies's payout ratio is presently 40.51%.

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.

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