2,674 Lowe’s Companies, Inc. $LOW Shares Purchased by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 60.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,072 shares of the home improvement retailer’s stock after buying an additional 2,674 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Lowe’s Companies were worth $1,303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Nykredit A S acquired a new stake in shares of Lowe’s Companies in the second quarter valued at $42,217,000. Kathmere Capital Management LLC boosted its holdings in Lowe’s Companies by 133.9% in the first quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer’s stock valued at $2,222,000 after purchasing an additional 5,383 shares during the period. Econ Financial Services Corp boosted its holdings in Lowe’s Companies by 26.2% in the first quarter. Econ Financial Services Corp now owns 19,974 shares of the home improvement retailer’s stock valued at $4,719,000 after purchasing an additional 4,147 shares during the period. Glenview Trust Co grew its stake in Lowe’s Companies by 4.9% during 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. Finally, Silverleafe Capital Partners LLC acquired a new position in Lowe’s Companies during the 3rd quarter worth $1,318,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of several recent research reports. Sanford C. Bernstein cut their price target on Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating on the stock in a report on Wednesday, September 9th. Guggenheim reaffirmed a “buy” rating and issued a $275.00 price target on shares of Lowe’s Companies in a research report on Monday, September 21st. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $231.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. Wells Fargo & Company decreased their price objective on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Finally, Melius Research set a $244.00 price objective on Lowe’s Companies in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $254.29.

Lowe’s Companies Trading Down 0.2%

Shares of LOW opened at $188.36 on Thursday. Lowe’s Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06. The firm’s fifty day simple moving average is $200.41 and its 200-day simple moving average is $215.19. The firm has a market capitalization of $105.68 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 1.58 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.22 by $0.18. The business had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period 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. On average, analysts predict that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared 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 is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.7%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.27%.

Lowe’s Companies News Roundup

Here are the key news stories impacting Lowe’s Companies this week:

• Positive Sentiment: Lowe’s dividend remains a key attraction. The company has roughly doubled its quarterly payout since 2021, supported by a resilient store network, strong customer relationships and growing exposure to professional contractors. Lowe’s Dividend Sustainability Looks Solid, but Returns Face a Test
• Positive Sentiment: The retailer is investing approximately $542 million in digital and fulfillment capabilities and using its Mylow artificial-intelligence assistant, e-commerce upgrades and extended holiday promotions to improve customer engagement and support sales growth. Lowe’s AI-Driven Holiday Push and E-Commerce Spend Might Change The Case For Investing In Lowe’s Companies (LOW)
• Positive Sentiment: Traeger’s planned Lowe’s rollout in 2027 could provide an additional merchandise and vendor opportunity, although the financial impact is still prospective. Traeger: Waiting For The Lowe’s Rollout In 2027

About Lowe’s Companies

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.