S.E.E.D. Planning Group LLC Grows Stock Position in Lowe’s Companies, Inc. $LOW

S.E.E.D. Planning Group LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 16.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,508 shares of the home improvement retailer’s stock after buying an additional 5,782 shares during the period. Lowe’s Companies makes up about 1.8% of S.E.E.D. Planning Group LLC’s investment portfolio, making the stock its 21st biggest position. S.E.E.D. Planning Group LLC’s holdings in Lowe’s Companies were worth $7,650,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Nykredit A S purchased a new stake in Lowe’s Companies during the second quarter valued at approximately $42,217,000. Kathmere Capital Management LLC boosted its stake in shares of Lowe’s Companies by 133.9% during the 1st quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer’s stock worth $2,222,000 after acquiring an additional 5,383 shares during the last quarter. LPL Financial LLC grew its position in shares of Lowe’s Companies by 2.3% during the 4th quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock valued at $239,552,000 after acquiring an additional 22,175 shares during the period. Econ Financial Services Corp grew its position in shares of Lowe’s Companies by 26.2% during the 1st quarter. Econ Financial Services Corp now owns 19,974 shares of the home improvement retailer’s stock valued at $4,719,000 after acquiring an additional 4,147 shares during the period. Finally, Glenview Trust Co increased its stake in shares of Lowe’s Companies by 4.9% in the 2nd quarter. Glenview Trust Co now owns 230,389 shares of the home improvement retailer’s stock worth $50,798,000 after purchasing an additional 10,735 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 1.3%

Lowe’s Companies stock traded down $2.33 during mid-day trading on Wednesday, hitting $181.34. The stock had a trading volume of 1,001,942 shares, compared to its average volume of 2,944,728. The firm has a market capitalization of $101.74 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.50 and a beta of 0.89. The firm’s 50 day moving average is $203.72 and its 200 day moving average is $217.14. Lowe’s Companies, Inc. has a one year low of $178.45 and a one year high of $293.06.

Lowe’s Companies (NYSE:LOW – Get Free Report) last posted its quarterly earnings results 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. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The business had revenue of $25.96 billion for the quarter, compared to analysts’ expectations of $26.13 billion. During the same period last year, the firm earned $4.33 earnings per share. The business’s quarterly revenue 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 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 announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

More Lowe’s Companies News

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Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Gordon Haskett cut Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 target price on the stock. in a report on Thursday, September 24th. Morgan Stanley restated an “overweight” rating on shares of Lowe’s Companies in a research report on Thursday, August 20th. UBS Group decreased their price objective on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Guggenheim reaffirmed a “buy” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research report on Monday, September 21st. Finally, Mizuho cut their price objective on Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $254.29.

Get Our Latest Stock Analysis on Lowe’s Companies

About Lowe’s Companies

(Free Report)

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.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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