Lowe's Companies, Inc. $LOW Stock Sold by Investment House LLC

Key Points

• Investment House LLC cut its Lowe’s stake by 24.5% in the third quarter, selling 17,751 shares and retaining 54,648 shares valued at approximately $10.1 million. Institutional investors collectively own 74.06% of the company.
• Analysts maintain a generally positive view, with Lowe’s carrying a consensus “Moderate Buy” rating and an average price target of $254.29, despite several recent target-price reductions and one downgrade to “hold.”
• Lowe’s reported quarterly EPS of $4.40, beating estimates of $4.22, while revenue rose 8.3% year over year to $25.96 billion. The company also declared a quarterly dividend of $1.25 per share, equivalent to a 2.4% annualized yield.

Investment House LLC trimmed its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 24.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,648 shares of the home improvement retailer's stock after selling 17,751 shares during the quarter. Investment House LLC's holdings in Lowe's Companies were worth $10,071,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Lowe's Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer's stock valued at $8,939,928,000 after acquiring an additional 714,092 shares in the last quarter. State Street Corp raised its stake in Lowe's Companies by 3.6% in the second 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 in the last quarter. Bank of New York Mellon Corp raised its stake in Lowe's Companies by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer's stock valued at $956,371,000 after buying an additional 201,803 shares in the last quarter. Amundi lifted its holdings in Lowe's Companies by 57.3% during the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer's stock worth $637,848,000 after buying an additional 1,053,237 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in 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 worth $388,992,000 after buying an additional 109,520 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Wall Street Analyst Weigh In

LOW has been the subject of several analyst reports. Piper Sandler lowered their price objective on Lowe's Companies from $276.00 to $274.00 and set an "overweight" rating for the company in a research report on Thursday, August 13th. Gordon Haskett downgraded Lowe's Companies from a "buy" rating to a "hold" rating and set a $200.00 price objective on the stock. in a report on Thursday, September 24th. Telsey Advisory Group cut their target price on Lowe's Companies from $280.00 to $260.00 and set an "outperform" rating on the stock in a research report on Thursday, August 20th. Weiss Ratings cut Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, August 17th. Finally, TD Cowen reaffirmed a "hold" rating and issued a $235.00 price target on shares of Lowe's Companies in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $254.29.

Lowe's Companies Price Performance

NYSE LOW opened at $204.30 on Friday. The firm's fifty day moving average price is $197.89 and its 200 day moving average price is $213.72. Lowe's Companies, Inc. has a 12 month low of $178.45 and a 12 month high of $293.06. The company has a market capitalization of $114.62 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.64 and a beta of 0.89.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $26.13 billion. During the same period in the previous year, the company earned $4.33 earnings per share. Lowe's Companies's quarterly revenue 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, sell-side analysts forecast that Lowe's Companies, Inc. will post 12.26 earnings per share for the current year.

Lowe's Companies Announces Dividend

The company 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. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. Lowe's Companies's payout ratio is 42.27%.

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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