Lowe’s Companies, Inc. $LOW Stock Position Reduced by Flputnam Investment Management Co.

Flputnam Investment Management Co. decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 91,826 shares of the home improvement retailer’s stock after selling 2,384 shares during the period. Flputnam Investment Management Co.’s holdings in Lowe’s Companies were worth $23,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Waterloo Capital L.P. increased its stake in Lowe’s Companies by 1.2% during the second quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock valued at $767,000 after purchasing an additional 41 shares during the last quarter. TruWealth Advisors LLC boosted its holdings in shares of Lowe’s Companies by 2.7% in the 3rd quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock valued at $397,000 after buying an additional 42 shares during the period. Operose Advisors LLC grew its position in shares of Lowe’s Companies by 1.4% during the 2nd quarter. Operose Advisors LLC now owns 3,331 shares of the home improvement retailer’s stock valued at $739,000 after buying an additional 45 shares during the last quarter. Watts Gwilliam & Co. LLC raised its stake in Lowe’s Companies by 4.3% during the second quarter. Watts Gwilliam & Co. LLC now owns 1,094 shares of the home improvement retailer’s stock worth $243,000 after acquiring an additional 45 shares during the period. Finally, Harbour Capital Advisors LLC lifted its holdings in Lowe’s Companies by 2.0% in the third quarter. Harbour Capital Advisors LLC now owns 2,280 shares of the home improvement retailer’s stock worth $547,000 after acquiring an additional 45 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LOW. HSBC lowered their target price on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a report on Friday, November 21st. Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Truist Financial set a $269.00 target price on Lowe’s Companies in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Lowe’s Companies in a research note on Wednesday, December 10th. Finally, Telsey Advisory Group lowered their price target on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Sixteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $276.46.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $240.72 on Friday. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $274.98. The firm has a market capitalization of $135.03 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 3.99 and a beta of 0.96. The stock has a fifty day moving average of $239.68 and a two-hundred day moving average of $239.90.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The business had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is currently 39.80%.

About Lowe’s Companies

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.