Chiron Capital Management LLC Acquires 2,600 Shares of Lowe’s Companies, Inc. $LOW

Chiron Capital Management LLC acquired a new position in Lowe’s Companies, Inc. (NYSE:LOW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,600 shares of the home improvement retailer’s stock, valued at approximately $479,000.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Lowe’s Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after buying an additional 714,092 shares during the last quarter. State Street Corp lifted its position in Lowe’s Companies by 3.6% during the 2nd quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock worth $5,584,873,000 after buying an additional 880,815 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Lowe’s Companies by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock worth $956,371,000 after buying an additional 201,803 shares in the last quarter. Amundi grew its holdings in Lowe’s Companies by 57.3% during the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock worth $637,848,000 after acquiring an additional 1,053,237 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Lowe’s Companies by 7.1% during the 1st quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock worth $388,992,000 after acquiring an additional 109,520 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE:LOW traded up $6.67 on Thursday, hitting $194.98. 1,693,515 shares of the stock were exchanged, compared to its average volume of 2,951,725. Lowe’s Companies, Inc. has a 52 week low of $178.45 and a 52 week high of $293.06. The stock has a market capitalization of $109.39 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 1.58 and a beta of 0.89. The company’s 50-day moving average price is $200.41 and its 200 day moving average price is $215.19.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (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 company had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same quarter last year, the firm earned $4.33 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.27%.

Analysts Set New Price Targets

Several research firms have weighed in on LOW. TD Cowen restated a “hold” rating and issued a $235.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 20th. Piper Sandler reduced their target price on shares of Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. Mizuho decreased their price target on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. Gordon Haskett cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a research note on Thursday, September 24th. Finally, Evercore set a $190.00 price target on shares of Lowe’s Companies in a report on Tuesday, October 6th. One 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $254.29.

Lowe’s Companies 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.