Lowe's Companies, Inc. $LOW Stock Sold by Bell Asset Management Ltd

Key Points

• Bell Asset Management reduced its Lowe’s stake by 32.6% in the third quarter, selling 6,661 shares and retaining 13,756 shares valued at approximately $2.54 million. Institutional investors collectively own 74.06% of Lowe’s stock.
• Lowe’s latest quarterly results exceeded earnings expectations, with EPS of $4.40 versus the $4.22 consensus estimate. Revenue rose 8.3% year over year to $25.96 billion, though it fell slightly short of estimates.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $254.29.

Bell Asset Management Ltd trimmed its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 32.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,756 shares of the home improvement retailer's stock after selling 6,661 shares during the period. Bell Asset Management Ltd's holdings in Lowe's Companies were worth $2,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Invariant Investment Management raised its stake in Lowe's Companies by 1.9% in the third quarter. Invariant Investment Management now owns 3,161 shares of the home improvement retailer's stock worth $571,000 after buying an additional 59 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Lowe's Companies by 33.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 29,209 shares of the home improvement retailer's stock valued at $5,383,000 after acquiring an additional 7,364 shares during the period. CoreCap Advisors LLC increased its holdings in shares of Lowe's Companies by 2.8% in the 3rd quarter. CoreCap Advisors LLC now owns 10,437 shares of the home improvement retailer's stock valued at $1,924,000 after acquiring an additional 285 shares during the period. Atwood & Palmer Inc. raised its position in shares of Lowe's Companies by 6.0% in the 3rd quarter. Atwood & Palmer Inc. now owns 74,589 shares of the home improvement retailer's stock worth $13,746,000 after acquiring an additional 4,204 shares in the last quarter. Finally, Titleist Asset Management LLC raised its position in shares of Lowe's Companies by 2.9% in the 3rd quarter. Titleist Asset Management LLC now owns 2,659 shares of the home improvement retailer's stock worth $490,000 after acquiring an additional 74 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Stock Performance

Shares of NYSE LOW opened at $188.83 on Friday. The company has a market cap of $105.94 billion, a PE ratio of 15.96, a P/E/G ratio of 1.52 and a beta of 0.89. The business has a 50-day simple moving average of $202.61 and a two-hundred day simple moving average of $216.55. Lowe's Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping analysts' consensus estimates of $4.22 by $0.18. The business had revenue of $25.96 billion for 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 revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.33 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, sell-side analysts predict that Lowe's Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently declared 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. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. Lowe's Companies's dividend payout ratio is presently 42.27%.

Analyst Ratings Changes

LOW has been the topic of a number of recent research reports. Weiss Ratings downgraded Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. Guggenheim reiterated a "buy" rating and issued a $275.00 target price on shares of Lowe's Companies in a report on Monday, September 21st. DA Davidson reissued a "neutral" rating and set a $245.00 price target on shares of Lowe's Companies in a research report on Wednesday, August 19th. Citigroup lowered their price target on shares of Lowe's Companies from $267.00 to $260.00 and set a "buy" rating on the stock in a report on Thursday, August 20th. Finally, Mizuho cut their price objective on shares of Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating on the stock in a research report on Thursday, August 20th. Twenty-two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $254.29.

About Lowe's Companies

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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