Lowe's Companies, Inc. $LOW Stake Trimmed by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,225,199 shares of the home improvement retailer's stock after selling 31,228 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of Lowe's Companies worth $225,792,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Lowe's Companies by 1.8% during the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer's stock worth $8,939,928,000 after acquiring an additional 714,092 shares during the last quarter. State Street Corp boosted its holdings in shares of Lowe's Companies by 3.6% during the 2nd 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 increased its stake in shares of Lowe's Companies by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,104,782 shares of the home improvement retailer's stock valued at $905,063,000 after acquiring an additional 57,167 shares in the last quarter. Amundi increased its stake in shares of 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 acquiring an additional 1,053,237 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Lowe's Companies by 7.1% during 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 acquiring an additional 109,520 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Stock Up 0.1%

Shares of NYSE LOW opened at $209.18 on Monday. The firm has a market cap of $117.36 billion, a P/E ratio of 17.68, a PEG ratio of 1.75 and a beta of 0.81. Lowe's Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06. The company has a 50 day moving average of $196.23 and a 200 day moving average of $226.43.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its 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. The business had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. Lowe's Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The company's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $4.33 EPS. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities analysts expect that Lowe's Companies, Inc. will post 12.25 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors 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 2.4%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe's Companies's dividend payout ratio (DPR) is presently 42.27%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Truist Financial reduced their target price on Lowe's Companies from $255.00 to $254.00 and set a "buy" rating for the company in a research note on Thursday, August 20th. Piper Sandler cut their price target on shares of Lowe's Companies from $276.00 to $274.00 and set an "overweight" rating on the stock in a report on Thursday, August 13th. Royal Bank Of Canada restated a "sector perform" rating and issued a $231.00 price objective on shares of Lowe's Companies in a research note on Thursday, August 20th. KeyCorp restated an "overweight" rating and issued a $275.00 target price on shares of Lowe's Companies in a research note on Thursday, August 20th. Finally, Evercore set a $190.00 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 assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $253.48.

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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