State of Michigan Retirement System Reduces Stock Holdings in Lowe's Companies, Inc. $LOW

Key Points

• State of Michigan Retirement System trimmed its stake in Lowe's by 3.1% in Q4, selling 4,700 shares and holding 146,870 shares valued at about $35.42 million.
• Other major institutions largely added to positions—Vanguard, State Street, Northern Trust, Invesco and BNY Mellon increased holdings—and institutional investors now own about 74.06% of Lowe's stock.
• Lowe's beat quarterly EPS estimates with $1.98, set FY2026 guidance of 12.25–12.75 EPS, and pays a quarterly dividend of $1.20 (annualized $4.80, ~2.0% yield).

State of Michigan Retirement System lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 146,870 shares of the home improvement retailer's stock after selling 4,700 shares during the quarter. State of Michigan Retirement System's holdings in Lowe's Companies were worth $35,419,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LOW. Vanguard Group Inc. raised its stake in shares of Lowe's Companies by 1.7% in 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. State Street Corp boosted its stake in shares of Lowe's Companies by 0.5% during the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer's stock worth $6,291,867,000 after purchasing an additional 124,501 shares during the period. Northern Trust Corp grew its holdings in Lowe's Companies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer's stock valued at $1,716,467,000 after purchasing an additional 103,827 shares during the last quarter. Invesco Ltd. grew its holdings in Lowe's Companies by 5.2% during the 3rd quarter. Invesco Ltd. now owns 4,830,373 shares of the home improvement retailer's stock valued at $1,213,921,000 after purchasing an additional 240,123 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Lowe's Companies by 12.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,294,776 shares of the home improvement retailer's stock worth $1,079,320,000 after purchasing an additional 463,012 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Stock Performance

Lowe's Companies stock opened at $244.27 on Monday. The company has a market capitalization of $136.81 billion, a PE ratio of 20.61, a P/E/G ratio of 5.31 and a beta of 0.97. The company has a 50 day moving average price of $248.86 and a 200-day moving average price of $249.89. Lowe's Companies, Inc. has a fifty-two week low of $210.33 and a fifty-two 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.04. The company had revenue of $20.59 billion for the quarter, compared to analysts' expectations of $20.34 billion. Lowe's Companies had a negative return on equity of 61.40% and a net margin of 7.71%.Lowe's Companies's revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.93 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, analysts forecast that Lowe's Companies, Inc. will post 12.61 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, April 22nd. Lowe's Companies's payout ratio is presently 40.51%.

Wall Street Analyst Weigh In

LOW has been the subject of several recent analyst reports. Truist Financial dropped their target price on Lowe's Companies from $295.00 to $293.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Robert W. Baird raised their price target on Lowe's Companies from $290.00 to $320.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 17th. Telsey Advisory Group boosted their price objective on Lowe's Companies from $285.00 to $295.00 and gave the company an "outperform" rating in a report on Thursday, February 26th. Evercore dropped their price objective on Lowe's Companies from $250.00 to $245.00 in a report on Tuesday, March 31st. Finally, TD Cowen cut their price objective on Lowe's Companies from $295.00 to $280.00 and set a "hold" rating on the stock in a research report on Thursday, February 26th. Twenty-two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $289.24.

Lowe's Companies Company 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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