3,448 Lowe’s Companies, Inc. $LOW Shares Bought by Davis Investment Partners LLC

Davis Investment Partners LLC raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 360.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,404 shares of the home improvement retailer’s stock after purchasing an additional 3,448 shares during the period. Davis Investment Partners LLC’s holdings in Lowe’s Companies were worth $812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Lowe’s Companies by 1.8% during 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 boosted its holdings in shares of Lowe’s Companies by 3.6% in the 2nd quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock valued at $5,584,873,000 after buying an additional 880,815 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Lowe’s Companies by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,104,782 shares of the home improvement retailer’s stock valued at $905,063,000 after buying an additional 57,167 shares in the last quarter. Amundi boosted its holdings in shares of Lowe’s Companies by 57.3% in the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after buying an additional 1,053,237 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Lowe’s Companies by 7.1% in the 1st quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock worth $388,992,000 after buying an additional 109,520 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

More Lowe’s Companies News

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

• Positive Sentiment: Lowe’s is now Bilt’s exclusive home-improvement partner, giving it access to Bilt’s more than 8 million members through shopping rewards, MyLowe’s Rewards and home services. The partnership also introduces a home-maintenance membership, which could help attract customers and encourage repeat business. Lowe’s and Bilt partnership announcement
• Positive Sentiment: Sanford C. Bernstein raised its price target to $270 and maintained an “outperform” rating; JPMorgan also lifted its target, to $275, with an “overweight” rating. The revisions signal improved analyst views of Lowe’s prospects. Bernstein rating information
• Positive Sentiment: A recent dividend-stock article described Lowe’s as resilient despite a weak housing market and said its dividend has room to grow, supporting its appeal to income-focused investors. Dividend stocks article
• Negative Sentiment: Walmart is gaining shoppers across income groups, highlighting competition for the same big-box customers. This could make it harder for Lowe’s and other retailers to win spending, though the article does not report a specific change in Lowe’s performance. Big-box retailer competition article

Analysts Set New Price Targets

Several research analysts recently commented on LOW shares. KeyCorp reiterated an “overweight” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. Morgan Stanley reissued an “overweight” rating on shares of Lowe’s Companies in a research report on Thursday, August 20th. JPMorgan Chase & Co. raised their target price on shares of Lowe’s Companies from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Monday. UBS Group cut their price target on shares of Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Finally, Weiss Ratings raised shares of Lowe’s Companies from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.74.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $231.79 on Wednesday. The business’s 50-day moving average is $198.20 and its 200 day moving average is $224.69. 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 capitalization of $130.05 billion, a P/E ratio of 19.59, a P/E/G ratio of 1.94 and a beta of 0.81.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share 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 the consensus estimate 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 last year, the company earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, analysts expect that Lowe’s Companies, Inc. will post 12.25 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were issued a dividend of $1.25 per share. The ex-dividend date was Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. Lowe’s Companies’s dividend payout ratio is 42.27%.

About Lowe’s Companies

Lowe’s Companies, Inc. is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels. Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe’s also provides services such as installation and other project support. Founded in 1921 in North Wilkesboro, North Carolina, Lowe’s has grown into a major retailer operating across the United States.