464,300 Lowe’s Companies, Inc. $LOW Shares Sold by PineStone Asset Management Inc.

PineStone Asset Management Inc. lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 60.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 306,642 shares of the home improvement retailer’s stock after selling 464,300 shares during the quarter. Lowe’s Companies accounts for 0.4% of PineStone Asset Management Inc.’s holdings, making the stock its 29th biggest holding. PineStone Asset Management Inc.’s holdings in Lowe’s Companies were worth $56,511,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. USA Financial Formulas bought a new stake in shares of Lowe’s Companies in the 3rd quarter worth about $164,000. CWS Financial Advisors LLC lifted its stake in Lowe’s Companies by 29.7% in the third quarter. CWS Financial Advisors LLC now owns 1,355 shares of the home improvement retailer’s stock worth $250,000 after purchasing an additional 310 shares during the last quarter. Kintegral Advisory LLC lifted its stake in Lowe’s Companies by 0.6% in the third quarter. Kintegral Advisory LLC now owns 20,280 shares of the home improvement retailer’s stock worth $3,737,000 after purchasing an additional 114 shares during the last quarter. Eagle Strategies LLC boosted its position in shares of Lowe’s Companies by 9.6% during the third quarter. Eagle Strategies LLC now owns 2,374 shares of the home improvement retailer’s stock valued at $438,000 after buying an additional 207 shares during the period. Finally, McKinley Carter Wealth Services Inc. boosted its position in shares of Lowe’s Companies by 6.6% during the third quarter. McKinley Carter Wealth Services Inc. now owns 15,621 shares of the home improvement retailer’s stock valued at $2,879,000 after buying an additional 964 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on LOW shares. JPMorgan Chase & Co. cut their target price on Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Gordon Haskett downgraded Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 target price for the company. in a research report on Thursday, September 24th. Truist Financial lowered their target price on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Weiss Ratings cut shares of Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Finally, Evercore set a $190.00 price target on shares of Lowe’s Companies in a research note on Tuesday, October 6th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $254.29.

Lowe’s Companies Stock Up 0.8%

Shares of LOW stock opened at $197.22 on Friday. The firm has a market cap of $110.65 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.65 and a beta of 0.89. The company’s 50 day moving average is $199.44 and its 200 day moving average is $214.83. Lowe’s Companies, Inc. has a 52-week low of $178.45 and a 52-week high of $293.06.

Lowe’s Companies (NYSE:LOW) last released 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. 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 during the quarter, compared to analyst estimates of $26.13 billion. During the same period in the prior year, the firm posted $4.33 earnings per share. The company’s quarterly 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. Analysts anticipate that Lowe’s Companies, Inc. will post 12.26 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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

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.