Pictet Asset Management Holding SA Acquires 24,112 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Pictet Asset Management increased its stake in Lowe's by 3.4% in Q4, buying 24,112 shares to hold 727,014 shares (about 0.13% of the company) valued at roughly $175.33 million, while institutional investors own about 74.06% of the stock.
• Wall Street sentiment is broadly positive with a MarketBeat consensus of "Moderate Buy" and a $289.24 price target, and several firms (JPMorgan, Morgan Stanley, Citigroup, Rothschild) recently raised price targets or ratings.
• Lowe's beat Q4 estimates with $1.98 EPS and $20.59 billion revenue, set FY2026 guidance of 12.25–12.75 EPS, and announced a quarterly dividend of $1.20 (annualized $4.80, ~2.0% yield).

Pictet Asset Management Holding SA increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 727,014 shares of the home improvement retailer's stock after purchasing an additional 24,112 shares during the period. Pictet Asset Management Holding SA owned approximately 0.13% of Lowe's Companies worth $175,331,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LOW. Wellington Management Group LLP boosted its holdings in Lowe's Companies by 102.0% during the third quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer's stock valued at $1,056,585,000 after acquiring an additional 2,122,622 shares during the period. Victory Capital Management Inc. boosted its holdings in Lowe's Companies by 207.2% during the third quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer's stock valued at $517,218,000 after acquiring an additional 1,388,133 shares during the period. Vanguard Group Inc. boosted its holdings in Lowe's Companies by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer's stock valued at $13,560,617,000 after acquiring an additional 924,625 shares during the period. Worldquant Millennium Advisors LLC boosted its holdings in Lowe's Companies by 243.2% during the second quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer's stock valued at $247,817,000 after acquiring an additional 791,526 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Lowe's Companies by 101.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,244,941 shares of the home improvement retailer's stock valued at $312,866,000 after acquiring an additional 626,829 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Lowe's Companies from $300.00 to $325.00 and gave the company an "overweight" rating in a report on Monday, February 9th. Morgan Stanley upped their price target on shares of Lowe's Companies from $270.00 to $296.00 and gave the company an "overweight" rating in a report on Thursday, January 15th. KGI Securities initiated coverage on shares of Lowe's Companies in a report on Tuesday, March 10th. They set a "neutral" rating and a $255.00 price target for the company. Citigroup upped their price target on shares of Lowe's Companies from $250.00 to $285.00 and gave the company a "neutral" rating in a report on Thursday, February 12th. Finally, Rothschild & Co Redburn upped their price target on shares of Lowe's Companies from $280.00 to $290.00 and gave the company a "buy" rating in a report on Thursday, February 26th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $289.24.

Lowe's Companies Stock Performance

Shares of LOW opened at $242.47 on Tuesday. The company has a 50-day simple moving average of $247.96 and a 200-day simple moving average of $249.94. The firm has a market capitalization of $135.80 billion, a P/E ratio of 20.46, a P/E/G ratio of 5.31 and a beta of 0.97. Lowe's Companies, Inc. has a 52 week low of $210.33 and a 52 week high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.04. The business had revenue of $20.59 billion during the quarter, compared to analyst estimates of $20.34 billion. Lowe's Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The firm's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, equities analysts forecast that Lowe's Companies, Inc. will post 12.61 earnings per share for the current year.

Lowe's Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe's Companies's dividend payout ratio is currently 40.51%.

Lowe's Companies Profile

Lowe's Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe's also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.

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