Douglas Lane & Associates LLC Acquires 12,470 Shares of Lowe’s Companies, Inc. $LOW

Douglas Lane & Associates LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 5.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 234,337 shares of the home improvement retailer’s stock after purchasing an additional 12,470 shares during the period. Douglas Lane & Associates LLC’s holdings in Lowe’s Companies were worth $43,186,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LOW. Sankala Group LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth $33,000. Markowski Investments acquired a new position in Lowe’s Companies during the 2nd quarter worth $33,000. IAG Wealth Partners LLC grew its stake in Lowe’s Companies by 178.6% during the 1st quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer’s stock worth $37,000 after purchasing an additional 100 shares in the last quarter. Provenance Wealth Advisors LLC increased its holdings in Lowe’s Companies by 416.7% during the 1st quarter. Provenance Wealth Advisors LLC now owns 186 shares of the home improvement retailer’s stock worth $44,000 after purchasing an additional 150 shares during the period. Finally, Legacy Wealth Managment LLC ID raised its position in Lowe’s Companies by 219.7% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer’s stock valued at $46,000 after purchasing an additional 134 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Down 1.5%

Shares of NYSE:LOW traded down $2.86 on Friday, reaching $185.99. 849,143 shares of the company were exchanged, compared to its average volume of 2,947,276. Lowe’s Companies, Inc. has a 1-year low of $178.45 and a 1-year high of $293.06. The firm has a market cap of $104.35 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. The company has a 50-day moving average of $202.61 and a 200-day moving average of $216.55.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping the consensus estimate of $4.22 by $0.18. The business had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, analysts forecast that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be given a $1.25 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.7%. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

Wall Street Analyst Weigh In

LOW has been the topic of a number of analyst reports. Evercore set a $190.00 price objective on shares of Lowe’s Companies in a report on Tuesday. Melius Research set a $244.00 target price on shares of Lowe’s Companies in a report on Tuesday. Piper Sandler dropped their price objective on shares of Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating on the stock in a research note on Thursday, August 13th. JPMorgan Chase & Co. reduced their target price on shares of Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Finally, Gordon Haskett lowered Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $254.29.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.