Lowe's Companies, Inc. $LOW Stock Bought by Pinnacle Wealth Planning Services Inc.

Key Points

• Pinnacle Wealth Planning Services increased its Lowe’s stake by 121.6% in the third quarter, ending with 15,958 shares worth approximately $2.94 million. Institutional investors collectively own 74.06% of the company.
• Lowe’s shares opened at $198.02, near the lower end of their 12-month range of $178.45 to $293.06. The company recently beat quarterly EPS expectations, reporting $4.40 versus the $4.22 consensus, while revenue rose 8.3% year over year.
• Lowe’s declared a quarterly dividend of $1.25 per share, equivalent to a 2.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $253.48.

Pinnacle Wealth Planning Services Inc. grew its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 121.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,958 shares of the home improvement retailer's stock after purchasing an additional 8,756 shares during the period. Pinnacle Wealth Planning Services Inc.'s holdings in Lowe's Companies were worth $2,941,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of Lowe's Companies by 1.8% during the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer's stock worth $8,939,928,000 after purchasing an additional 714,092 shares during the period. State Street Corp boosted its stake 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 valued at $5,584,873,000 after buying an additional 880,815 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Lowe's Companies by 1.4% during 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 buying an additional 57,167 shares during the period. Amundi boosted its stake in shares of Lowe's Companies by 57.3% during 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 period. Finally, Swiss National Bank grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Stock Down 0.1%

NYSE LOW opened at $198.02 on Thursday. The stock has a market capitalization of $111.10 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89. The company has a 50 day moving average price of $196.68 and a two-hundred day moving average price of $227.04. Lowe's Companies, Inc. has a 12-month low of $178.45 and a 12-month high of $293.06.

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 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 during the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the firm posted $4.33 earnings per share. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities analysts anticipate that Lowe's Companies, Inc. will post 12.25 EPS for the current year.

Lowe's Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LOW shares. KeyCorp reaffirmed an "overweight" rating and issued a $275.00 price target on shares of Lowe's Companies in a research note on Thursday, August 20th. Morgan Stanley reissued an "overweight" rating on shares of Lowe's Companies in a research report on Thursday, August 20th. Gordon Haskett cut Lowe's Companies from a "buy" rating to a "hold" rating and set a $200.00 price objective for the company. in a research report on Thursday, September 24th. Telsey Advisory Group lowered their target price on 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. Finally, TD Cowen reaffirmed a "hold" rating and issued a $235.00 target price on shares of Lowe's Companies in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $253.48.

About Lowe's Companies

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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