South Street Advisors LLC Trims Position in Lowe’s Companies, Inc. $LOW

South Street Advisors LLC trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,572 shares of the home improvement retailer’s stock after selling 3,938 shares during the period. Lowe’s Companies accounts for 1.4% of South Street Advisors LLC’s portfolio, making the stock its 28th largest holding. South Street Advisors LLC’s holdings in Lowe’s Companies were worth $9,784,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of LOW. Activest Wealth Management boosted its stake in shares of Lowe’s Companies by 78.5% during the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 51 shares during the period. OLD Second National Bank of Aurora boosted its holdings in Lowe’s Companies by 52.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 42 shares in the last quarter. United Financial Planning Group LLC acquired a new stake in Lowe’s Companies in the third quarter worth about $31,000. Triumph Capital Management acquired a new stake in Lowe’s Companies in the third quarter worth about $34,000. Finally, Guerra Advisors Inc acquired a new stake in Lowe’s Companies in the third quarter worth about $35,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LOW shares. Rothschild & Co Redburn lifted their price objective on shares of Lowe’s Companies from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Oppenheimer decreased their price target on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating for the company in a report on Monday, May 18th. Royal Bank Of Canada decreased their price objective on shares of Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating for the company in a research report on Thursday, May 21st. Guggenheim upped their price objective on shares of Lowe’s Companies from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Wells Fargo & Company decreased their price objective on shares of Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Price Performance

NYSE LOW opened at $217.80 on Friday. The stock has a 50-day moving average of $232.82 and a two-hundred day moving average of $247.59. The company has a market cap of $121.98 billion, a P/E ratio of 18.41, a P/E/G ratio of 4.70 and a beta of 0.91. Lowe’s Companies, Inc. has a 1-year low of $208.00 and a 1-year high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The firm had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, analysts anticipate that Lowe’s Companies, Inc. will post 12.5 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.2%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 40.57%.

About Lowe’s Companies

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.