Robeco Institutional Asset Management B.V. Sells 1,121,695 Shares of Lowe’s Companies, Inc. $LOW

Robeco Institutional Asset Management B.V. cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 88.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 143,872 shares of the home improvement retailer’s stock after selling 1,121,695 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Lowe’s Companies were worth $26,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of LOW. Diversify Advisory Services LLC increased its holdings in Lowe’s Companies by 2.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 13,716 shares of the home improvement retailer’s stock worth $2,684,000 after acquiring an additional 356 shares during the last quarter. DUTCH ASSET Corp lifted its holdings in shares of Lowe’s Companies by 19.0% in the 3rd quarter. DUTCH ASSET Corp now owns 2,296 shares of the home improvement retailer’s stock worth $423,000 after acquiring an additional 366 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Lowe’s Companies by 5.8% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 3,205 shares of the home improvement retailer’s stock valued at $591,000 after purchasing an additional 177 shares during the last quarter. Cypress Capital LLC raised its position in Lowe’s Companies by 1.7% in the 3rd quarter. Cypress Capital LLC now owns 9,913 shares of the home improvement retailer’s stock worth $1,827,000 after purchasing an additional 168 shares during the period. Finally, Norway Savings Bank raised its position in Lowe’s Companies by 2.5% in the 3rd quarter. Norway Savings Bank now owns 10,494 shares of the home improvement retailer’s stock worth $1,934,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. KeyCorp restated an “overweight” rating and set a $275.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 20th. TD Cowen reiterated a “hold” rating and issued a $235.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 20th. Melius Research set a $244.00 target price on Lowe’s Companies in a research note on Tuesday, October 6th. Guggenheim restated a “buy” rating and set a $275.00 target price on shares of Lowe’s Companies in a report on Monday, September 21st. Finally, Citigroup reduced their price target on Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $254.29.

Lowe’s Companies Stock Down 2.7%

Shares of LOW opened at $198.82 on Friday. The stock has a market capitalization of $111.55 billion, a P/E ratio of 16.39, a PEG ratio of 1.71 and a beta of 0.89. The firm has a fifty day simple moving average of $197.50 and a two-hundred day simple moving average of $213.62. Lowe’s Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.22 by $0.18. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same quarter last year, the firm earned $4.33 EPS. The company’s 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. Sell-side analysts expect that Lowe’s Companies, Inc. will post 12.26 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

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 $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.27%.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

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