Lowe’s Companies, Inc. $LOW Stock: Waycross Partners LLC Grows Holdings

Waycross Partners LLC raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 35.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 192,257 shares of the home improvement retailer’s stock after purchasing an additional 50,335 shares during the quarter. Lowe’s Companies comprises 2.7% of Waycross Partners LLC’s portfolio, making the stock its 15th largest holding. Waycross Partners LLC’s holdings in Lowe’s Companies were worth $35,431,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. Amundi lifted its holdings in shares of Lowe’s Companies by 57.3% in the second 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 during the period. State Street Corp boosted its stake in Lowe’s Companies by 3.6% during the second 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. BlackRock Inc. boosted its stake in 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 in the last quarter. Cullen Capital Management LLC acquired a new position in Lowe’s Companies during the second quarter worth about $139,207,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Lowe’s Companies by 142.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,033,232 shares of the home improvement retailer’s stock worth $244,132,000 after acquiring an additional 607,046 shares during the period. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LOW shares. Wells Fargo & Company cut their price target on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. DA Davidson restated a “neutral” rating and set a $245.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, August 19th. Stifel Nicolaus lowered their price objective on shares of Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating on the stock in a research note on Monday, October 26th. Evercore set a $190.00 price objective on shares of Lowe’s Companies in a research note on Tuesday, October 6th. Finally, Mizuho dropped their target price on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. One 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 given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $253.48.

Lowe’s Companies Trading Down 0.9%

Shares of NYSE LOW traded down $2.11 during mid-day trading on Friday, reaching $225.13. The company had a trading volume of 3,530,449 shares, compared to its average volume of 3,217,179. The stock has a market cap of $126.31 billion, a PE ratio of 19.03, a P/E/G ratio of 1.83 and a beta of 0.81. The company has a 50-day moving average price of $197.18 and a two-hundred day moving average price of $225.13. Lowe’s Companies, Inc. has a 1-year low of $178.45 and a 1-year high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its 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. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The business had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the prior year, the business posted $4.33 earnings per share. Lowe’s Companies’s revenue was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, research analysts expect that Lowe’s Companies, Inc. will post 12.25 EPS for the current year.

Lowe’s Companies Dividend Announcement

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

Lowe’s Companies Profile

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.