Lowe’s Companies, Inc. $LOW Shares Bought by StoneX Group Inc.

StoneX Group Inc. boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 70.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,072 shares of the home improvement retailer’s stock after acquiring an additional 3,752 shares during the period. StoneX Group Inc.’s holdings in Lowe’s Companies were worth $1,724,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Lowe’s Companies by 1.8% in the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after purchasing an additional 714,092 shares in the last quarter. State Street Corp lifted its position 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 worth $5,584,873,000 after purchasing an additional 880,815 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Lowe’s Companies by 1.4% during 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 purchasing an additional 57,167 shares in the last quarter. Amundi boosted its stake in shares of Lowe’s Companies by 57.3% during the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after purchasing an additional 1,053,237 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Lowe’s Companies by 7.1% during the 1st quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock valued at $388,992,000 after purchasing an additional 109,520 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $232.17 on Tuesday. The company has a 50-day moving average of $197.66 and a 200 day moving average of $224.91. The firm has a market cap of $130.26 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.92 and a beta of 0.81. 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 posted its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping the consensus estimate of $4.22 by $0.18. The business 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 quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.25 EPS for the current year.

Lowe’s Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LOW shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Lowe’s Companies in a research report on Thursday, August 20th. Telsey Advisory Group decreased their target price on Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. JPMorgan Chase & Co. raised their target price on Lowe’s Companies from $252.00 to $275.00 and gave the company an “overweight” rating in a research note on Monday. 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. Finally, Citigroup dropped 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 investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.23.

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.