Lowe's Companies, Inc. $LOW Stock: Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Lowers Position

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors reduced its Lowe’s stake by 11.5% in the third quarter, selling 35,127 shares and retaining 271,044 shares valued at approximately $50 million. Institutional investors and hedge funds collectively own 74.06% of the stock.
• Lowe’s reported quarterly earnings of $4.40 per share, exceeding estimates of $4.22, 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 2.5% annualized yield.
• Shares opened at $198.82, and analysts maintain a “Moderate Buy” consensus rating with an average price target of $254.29, despite several firms recently lowering their targets.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 11.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 271,044 shares of the home improvement retailer's stock after selling 35,127 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Lowe's Companies were worth $49,951,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Markowski Investments purchased a new stake in Lowe's Companies during the second quarter valued at about $33,000. IAG Wealth Partners LLC increased its stake in Lowe's Companies by 178.6% during the first quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer's stock worth $37,000 after acquiring an additional 100 shares during the last quarter. Legacy Wealth Managment LLC ID increased its stake in Lowe's Companies by 219.7% during the first quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer's stock worth $46,000 after acquiring an additional 134 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Lowe's Companies in the 1st quarter worth about $48,000. Finally, Wilkerson Advisory Group LLC raised its holdings in shares of Lowe's Companies by 85.1% in the 1st quarter. Wilkerson Advisory Group LLC now owns 211 shares of the home improvement retailer's stock worth $50,000 after purchasing an additional 97 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Trading Up 0.1%

LOW opened at $198.82 on Monday. The company has a fifty day simple moving average of $197.50 and a 200 day simple moving average of $213.47. The firm has a market cap of $111.55 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.66 and a beta of 0.89. Lowe's Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. Lowe's Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The firm's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.33 EPS. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, 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. Stockholders of record on Wednesday, October 21st will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis 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%.

Analyst Ratings Changes

Several research firms have recently weighed in on LOW. Gordon Haskett lowered Lowe's Companies from a "buy" rating to a "hold" rating and set a $200.00 price objective on the stock. in a research note on Thursday, September 24th. KeyCorp reissued an "overweight" rating and set a $275.00 target price on shares of Lowe's Companies in a research report on Thursday, August 20th. Mizuho dropped their target price on shares of Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating for the company in a research report on Thursday, August 20th. Truist Financial cut their price target on shares of Lowe's Companies from $255.00 to $254.00 and set a "buy" rating on the stock in a report on Thursday, August 20th. Finally, UBS Group reduced their price target on shares of Lowe's Companies from $285.00 to $275.00 and set a "buy" rating on the stock in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Lowe's Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.