35,127 Lowe’s Companies, Inc. $LOW Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 11.5% in the third quarter, Holdings Channel reports. The institutional investor owned 271,044 shares of the home improvement retailer’s stock after selling 35,127 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Lowe’s Companies were worth $49,951,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Slow Capital Inc. lifted its position in shares of Lowe’s Companies by 0.7% during the third quarter. Slow Capital Inc. now owns 19,194 shares of the home improvement retailer’s stock worth $3,537,000 after purchasing an additional 137 shares during the last quarter. Kingswood Wealth Advisors LLC grew its stake in Lowe’s Companies by 13.4% in the third quarter. Kingswood Wealth Advisors LLC now owns 11,291 shares of the home improvement retailer’s stock worth $2,081,000 after purchasing an additional 1,337 shares in the last quarter. Broadway Wealth Solutions Inc. grew its stake in Lowe’s Companies by 8.6% in the third quarter. Broadway Wealth Solutions Inc. now owns 1,731 shares of the home improvement retailer’s stock worth $319,000 after purchasing an additional 137 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Lowe’s Companies by 6.6% in the third quarter. Revolve Wealth Partners LLC now owns 1,144 shares of the home improvement retailer’s stock worth $211,000 after purchasing an additional 71 shares in the last quarter. Finally, Beacon Capital Management LLC increased its holdings in Lowe’s Companies by 5.3% in the third quarter. Beacon Capital Management LLC now owns 1,954 shares of the home improvement retailer’s stock valued at $360,000 after buying an additional 98 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.1%

NYSE LOW opened at $198.82 on Monday. Lowe’s Companies, Inc. has a 52 week low of $178.45 and a 52 week high of $293.06. The stock has a market cap of $111.55 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89. The company has a 50-day moving average price of $197.50 and a two-hundred day moving average price of $213.47.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating the consensus estimate of $4.22 by $0.18. The company had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. Lowe’s Companies’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio is 42.27%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LOW shares. Weiss Ratings cut Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Citigroup reduced their target price on Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. UBS Group reduced their target price on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Melius Research set a $244.00 target price on Lowe’s Companies in a research report on Tuesday, October 6th. Finally, Piper Sandler lowered their price target on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $254.29.

Lowe’s Companies Company 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.