Hsbc Holdings PLC Has $310.65 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

Hsbc Holdings PLC grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,287,038 shares of the home improvement retailer’s stock after acquiring an additional 31,957 shares during the period. Hsbc Holdings PLC’s holdings in Lowe’s Companies were worth $310,654,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LOW. Swiss RE Ltd. acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC bought a new stake in Lowe’s Companies in the fourth quarter worth $27,000. OLD Second National Bank of Aurora increased its position in Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 42 shares during the last quarter. United Financial Planning Group LLC acquired a new position in Lowe’s Companies during the third quarter worth $31,000. Finally, Sankala Group LLC bought a new position in Lowe’s Companies during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Janice Dupre sold 14,150 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the transaction, the executive vice president directly owned 39,785 shares of the company’s stock, valued at $8,828,291.50. The trade was a 26.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Juliette Williams Pryor sold 9,330 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the transaction, the executive vice president owned 16,142 shares of the company’s stock, valued at approximately $3,628,883.02. This trade represents a 36.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Robert W. Baird reduced their price target on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Morgan Stanley lowered their price objective on Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Citigroup raised Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 price objective on the stock in a research note on Tuesday, May 12th. William Blair assumed coverage on Lowe’s Companies in a report on Tuesday, May 12th. They issued an “overweight” rating for the company. Finally, Argus upped their target price on Lowe’s Companies from $286.00 to $288.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $222.10 on Friday. The firm has a market cap of $124.53 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 2.81 and a beta of 0.86. Lowe’s Companies, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $293.06. The firm has a fifty day moving average price of $227.02 and a two-hundred day moving average price of $245.52.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion during the quarter, compared to analysts’ expectations of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio is currently 40.57%.

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.