Nykredit A S Purchases New Stake in Lowe’s Companies, Inc. $LOW

Nykredit A S purchased a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 191,467 shares of the home improvement retailer’s stock, valued at approximately $42,217,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its position in 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 worth $8,939,928,000 after acquiring an additional 714,092 shares during the period. Geode Capital Management LLC raised its stake in shares of Lowe’s Companies by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock valued at $3,201,329,000 after acquiring an additional 887,579 shares during the period. Norges Bank purchased a new stake in shares of Lowe’s Companies in the 4th quarter valued at approximately $1,993,697,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Lowe’s Companies by 8.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,029,665 shares of the home improvement retailer’s stock valued at $1,212,954,000 after purchasing an additional 411,154 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Lowe’s Companies by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock valued at $956,371,000 after purchasing an additional 201,803 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LOW. KeyCorp reaffirmed an “overweight” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. UBS Group lowered their target price on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating for the company in a report on Thursday, August 20th. DA Davidson reaffirmed a “neutral” rating and issued a $245.00 target price on shares of Lowe’s Companies in a research report on Wednesday, August 19th. Mizuho cut 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. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $231.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 20th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $257.63.

Lowe’s Companies Stock Down 0.9%

Shares of NYSE LOW opened at $192.43 on Friday. The business has a 50-day moving average price of $208.90 and a 200 day moving average price of $222.45. The stock has a market cap of $107.96 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.58 and a beta of 0.85. Lowe’s Companies, Inc. has a 52-week low of $192.09 and a 52-week high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating analysts’ consensus estimates of $4.22 by $0.18. The company had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. Lowe’s Companies’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.27%.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.