PineStone Asset Management Inc. Trims Stake in Lowe’s Companies, Inc. $LOW

PineStone Asset Management Inc. lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 926,350 shares of the home improvement retailer’s stock after selling 46,300 shares during the quarter. Lowe’s Companies accounts for 1.4% of PineStone Asset Management Inc.’s portfolio, making the stock its 25th largest position. PineStone Asset Management Inc. owned about 0.17% of Lowe’s Companies worth $223,399,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. LeConte Wealth Management LLC grew its holdings in Lowe’s Companies by 18.6% during the 4th quarter. LeConte Wealth Management LLC now owns 952 shares of the home improvement retailer’s stock valued at $230,000 after purchasing an additional 149 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in Lowe’s Companies by 1.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 44,844 shares of the home improvement retailer’s stock worth $10,815,000 after purchasing an additional 523 shares during the period. Rockland Trust Co. lifted its stake in Lowe’s Companies by 7.5% in the fourth quarter. Rockland Trust Co. now owns 5,203 shares of the home improvement retailer’s stock worth $1,255,000 after purchasing an additional 363 shares during the last quarter. Lord & Richards Wealth Management LLC boosted its position in shares of Lowe’s Companies by 20.4% during the fourth quarter. Lord & Richards Wealth Management LLC now owns 2,247 shares of the home improvement retailer’s stock valued at $542,000 after buying an additional 381 shares during the period. Finally, Range Financial Group LLC boosted its position in shares of Lowe’s Companies by 554.5% during the fourth quarter. Range Financial Group LLC now owns 16,866 shares of the home improvement retailer’s stock valued at $4,067,000 after buying an additional 14,289 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $236.13 on Wednesday. The company has a market capitalization of $132.25 billion, a PE ratio of 19.93, a P/E/G ratio of 5.05 and a beta of 0.98. The company has a 50 day moving average price of $260.88 and a 200-day moving average price of $251.47. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.04. The company had revenue of $20.59 billion for the quarter, compared to analysts’ expectations of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.Lowe’s Companies’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio is presently 40.51%.

Insider Activity at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the transaction, the chief executive officer owned 231,043 shares in the company, valued at approximately $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on LOW. Argus upped their target price on Lowe’s Companies from $286.00 to $288.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Royal Bank Of Canada boosted their price objective on Lowe’s Companies from $252.00 to $257.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Mizuho upped their price objective on Lowe’s Companies from $272.00 to $294.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Truist Financial reduced their target price on Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, DA Davidson reiterated a “neutral” rating and set a $275.00 target price on shares of Lowe’s Companies in a research report on Thursday, February 26th. Twenty-two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $289.76.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.