PineStone Asset Management Inc. Sells 464,300 Shares of Lowe's Companies, Inc. $LOW

Key Points

• PineStone Asset Management cut its Lowe’s position by 60.2% in the third quarter, selling 464,300 shares and retaining 306,642 shares valued at approximately $56.5 million.
• Lowe’s shares opened at $197.22, well below their 200-day moving average of $214.83 and 52-week high of $293.06. The company recently reported adjusted earnings of $4.40 per share, beating estimates, while revenue rose 8.3% year over year.
• Analysts maintain a broadly positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $254.29. Lowe’s also announced a quarterly dividend of $1.25 per share, equivalent to a 2.5% annual yield.

PineStone Asset Management Inc. trimmed its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 60.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 306,642 shares of the home improvement retailer's stock after selling 464,300 shares during the quarter. Lowe's Companies accounts for approximately 0.4% of PineStone Asset Management Inc.'s holdings, making the stock its 29th largest position. PineStone Asset Management Inc. owned approximately 0.05% of Lowe's Companies worth $56,511,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LOW. Juno Financial Group LLC boosted its position in Lowe's Companies by 0.4% in the first quarter. Juno Financial Group LLC now owns 11,889 shares of the home improvement retailer's stock worth $2,809,000 after purchasing an additional 43 shares during the last quarter. TSG Advice Partners LLC raised its stake in shares of Lowe's Companies by 3.3% in the first quarter. TSG Advice Partners LLC now owns 1,373 shares of the home improvement retailer's stock worth $324,000 after buying an additional 44 shares during the period. Foresight Global Investors Inc. raised its stake in shares of Lowe's Companies by 3.9% in the fourth quarter. Foresight Global Investors Inc. now owns 1,192 shares of the home improvement retailer's stock worth $287,000 after buying an additional 45 shares during the period. Ameliora Wealth Management Ltd. lifted its position in shares of Lowe's Companies by 2.5% during the 1st quarter. Ameliora Wealth Management Ltd. now owns 1,834 shares of the home improvement retailer's stock valued at $433,000 after buying an additional 45 shares in the last quarter. Finally, Livet Wealth LLC lifted its position in shares of Lowe's Companies by 4.9% during the 1st quarter. Livet Wealth LLC now owns 962 shares of the home improvement retailer's stock valued at $227,000 after buying an additional 45 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe's Companies Stock Performance

Shares of LOW opened at $197.22 on Friday. The stock has a market capitalization of $110.65 billion, a PE ratio of 16.67, a P/E/G ratio of 1.65 and a beta of 0.89. The company's fifty day moving average is $199.44 and its 200 day moving average is $214.83. 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 released its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 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 business had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same quarter last year, the business 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, research analysts forecast that Lowe's Companies, Inc. will post 12.26 earnings per share for the current year.

Lowe's Companies Dividend Announcement

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 issued a $1.25 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. Lowe's Companies's payout ratio is 42.27%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LOW. Telsey Advisory Group lowered their price target on Lowe's Companies from $280.00 to $260.00 and set an "outperform" rating on the stock in a report on Thursday, August 20th. TD Cowen reiterated a "hold" rating and issued a $235.00 target price on shares of Lowe's Companies in a research report on Thursday, August 20th. DA Davidson reissued a "neutral" rating and set a $245.00 price target on shares of Lowe's Companies in a research note on Wednesday, August 19th. KeyCorp reissued an "overweight" rating and set a $275.00 price target on shares of Lowe's Companies in a research note on Thursday, August 20th. Finally, Melius Research set a $244.00 price target on Lowe's Companies in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $254.29.

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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