Lowe's Companies, Inc. $LOW Stock: JGP Wealth Management LLC Trims Stake

Key Points

• JGP Wealth Management reduced its Lowe’s stake by 15% in the third quarter, selling 7,706 shares and retaining 43,559 shares valued at approximately $8.03 million.
• Institutional ownership remains substantial at 74.06%, while analysts maintain a generally positive outlook with a consensus “Moderate Buy” rating and an average price target of $254.29.
• Lowe’s reported quarterly EPS of $4.40, beating estimates, while revenue rose 8.3% year over year to $25.96 billion. The company also announced a quarterly dividend of $1.25 per share, representing a 2.7% yield.

JGP Wealth Management LLC cut its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 15.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,559 shares of the home improvement retailer's stock after selling 7,706 shares during the quarter. JGP Wealth Management LLC's holdings in Lowe's Companies were worth $8,027,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. J. Stern & Co. LLP raised its stake in Lowe's Companies by 7,814.9% during the fourth quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer's stock worth $359,417,000 after acquiring an additional 1,471,539 shares in the last quarter. Amundi lifted its holdings in shares of Lowe's Companies by 57.3% in the second quarter. Amundi now owns 2,892,868 shares of the home improvement retailer's stock worth $637,848,000 after acquiring an additional 1,053,237 shares during the last quarter. State Street Corp boosted its stake in shares of Lowe's Companies by 3.6% in 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 purchasing an additional 880,815 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Lowe's Companies by 1.8% in the 2nd 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. Finally, Cullen Capital Management LLC bought a new stake in shares of Lowe's Companies during the 2nd quarter valued at approximately $139,207,000. 74.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LOW has been the subject of a number of research analyst reports. Truist Financial lowered their price objective on shares of Lowe's Companies from $255.00 to $254.00 and set a "buy" rating for the company in a research report on Thursday, August 20th. Morgan Stanley restated an "overweight" rating on shares of Lowe's Companies in a research report on Thursday, August 20th. TD Cowen reiterated a "hold" rating and set a $235.00 price target on shares of Lowe's Companies in a report on Thursday, August 20th. DA Davidson reiterated a "neutral" rating and issued a $245.00 price target on shares of Lowe's Companies in a research note on Wednesday, August 19th. Finally, Citigroup cut their price objective on Lowe's Companies from $267.00 to $260.00 and set a "buy" rating on the stock in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $254.29.

Lowe's Companies Price Performance

LOW opened at $185.74 on Tuesday. Lowe's Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06. The company's 50 day moving average price is $201.63 and its two-hundred day moving average price is $215.86. The firm has a market capitalization of $104.21 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.56 and a beta of 0.89.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly 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 firm had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter last year, the firm earned $4.33 earnings per share. The company's revenue for the quarter 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. As a group, equities research analysts predict that Lowe's Companies, Inc. will post 12.26 EPS for the current year.

Lowe's Companies Announces Dividend

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 given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe's Companies's dividend payout ratio (DPR) is currently 42.27%.

Lowe's Companies Profile

Lowe's Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.

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