Lowe's Companies, Inc. $LOW Shares Sold by Carnegie Investment Counsel

Key Points

• Carnegie Investment Counsel reduced its Lowe’s position by 14.9% in the third quarter, selling 20,188 shares and retaining 115,050 shares valued at approximately $21.2 million. Institutional investors collectively own 74.06% of the company.
• Lowe’s reported adjusted EPS of $4.40, beating the $4.22 consensus estimate, while revenue rose 8.3% year over year to $25.96 billion but fell slightly short of expectations.
• The company declared a quarterly dividend of $1.25 per share, equivalent to a $5.00 annualized payout and a 2.5% yield; however, management lowered its fiscal 2026 comparable-sales outlook to roughly flat growth amid cautious homeowners.

Carnegie Investment Counsel lessened its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 14.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,050 shares of the home improvement retailer's stock after selling 20,188 shares during the period. Carnegie Investment Counsel's holdings in Lowe's Companies were worth $21,203,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LOW. Uncommon Cents Investing Inc boosted its stake in Lowe's Companies by 4.8% during the third quarter. Uncommon Cents Investing Inc now owns 4,025 shares of the home improvement retailer's stock valued at $742,000 after buying an additional 185 shares in the last quarter. Integrated Advisors Network LLC grew its holdings in Lowe's Companies by 5.3% during the third quarter. Integrated Advisors Network LLC now owns 17,398 shares of the home improvement retailer's stock worth $3,206,000 after acquiring an additional 868 shares during the period. Diversify Advisory Services LLC grew its holdings in Lowe's Companies by 2.7% during the third quarter. Diversify Advisory Services LLC now owns 13,716 shares of the home improvement retailer's stock worth $2,684,000 after acquiring an additional 356 shares during the period. DUTCH ASSET Corp raised its position in Lowe's Companies by 19.0% in the third quarter. DUTCH ASSET Corp now owns 2,296 shares of the home improvement retailer's stock worth $423,000 after acquiring an additional 366 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG raised its position in Lowe's Companies by 5.8% in the third quarter. Bank Pictet & Cie Europe AG now owns 3,205 shares of the home improvement retailer's stock worth $591,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies News Roundup

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

• Positive Sentiment: Lowe’s outperformed the broader market in the latest session, supported by its recent quarterly earnings beat: adjusted EPS was $4.40 versus the $4.22 analyst consensus. Revenue increased 8.3% year over year, although it was slightly below expectations. Lowe’s Beats Stock Market Upswing
• Positive Sentiment: Melius Research established a $244 price target, implying meaningful potential upside from current levels and providing a positive analyst signal. Melius Research Sets Lowe’s Price Target
• Positive Sentiment: The company declared a quarterly dividend of $1.25 per share, reinforcing Lowe’s appeal to income-focused investors and its long record of returning capital to shareholders. Lowe’s Declares Dividend
• Neutral Sentiment: At roughly 16.9 times earnings, Lowe’s trades at a lower valuation than Home Depot’s approximately 22.1 times, which may offer relative value but also reflects more restrained growth expectations. Lowe’s Valuation Compared With Home Depot
• Negative Sentiment: Lowe’s reduced its fiscal 2026 comparable-sales outlook from 1% growth to roughly flat sales. Management cited cautious homeowners delaying do-it-yourself projects, raising concerns about near-term store traffic and revenue momentum. Lowe’s Comparable-Sales Outlook

Lowe's Companies Stock Performance

Lowe's Companies stock opened at $198.63 on Wednesday. The company has a 50 day moving average price of $198.55 and a 200 day moving average price of $214.16. Lowe's Companies, Inc. has a 52 week low of $178.45 and a 52 week high of $293.06. The firm has a market capitalization of $111.44 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 1.64 and a beta of 0.89.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the business earned $4.33 EPS. The company's 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. Equities analysts forecast that Lowe's Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe's Companies's payout ratio is 42.27%.

Analysts Set New Price Targets

LOW has been the subject of a number of research analyst reports. Piper Sandler cut their price target on shares of Lowe's Companies from $276.00 to $274.00 and set an "overweight" rating for the company in a report on Thursday, August 13th. Telsey Advisory Group lowered their price objective on shares of Lowe's Companies from $280.00 to $260.00 and set an "outperform" rating on the stock in a research note on Thursday, August 20th. Evercore set a $190.00 target price on shares of Lowe's Companies in a report on Tuesday, October 6th. TD Cowen reiterated a "hold" rating and issued a $235.00 target price on shares of Lowe's Companies in a report on Thursday, August 20th. Finally, Melius Research set a $244.00 target price on shares of Lowe's Companies in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $254.29.

Lowe's Companies Company 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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