Lowe’s Companies, Inc. $LOW Stock Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 4.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,637,767 shares of the home improvement retailer’s stock after acquiring an additional 67,223 shares during the quarter. Lowe’s Companies comprises 0.8% of Eurizon Capital SGR S.p.A.’s portfolio, making the stock its 22nd largest holding. Eurizon Capital SGR S.p.A.’s holdings in Lowe’s Companies were worth $302,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LOW. PBU The Pension Fund of Early Childhood & Youth Educators boosted its stake in shares of Lowe’s Companies by 7.2% during the 3rd quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 123,111 shares of the home improvement retailer’s stock valued at $22,688,000 after purchasing an additional 8,229 shares in the last quarter. R Squared Ltd bought a new position in Lowe’s Companies in the third quarter worth about $495,000. Nan Fung Trinity HK Ltd. bought a new position in Lowe’s Companies in the third quarter worth about $14,651,000. CFM Wealth Partners LLC raised its stake in Lowe’s Companies by 21.2% in the third quarter. CFM Wealth Partners LLC now owns 2,290 shares of the home improvement retailer’s stock worth $422,000 after buying an additional 400 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its holdings in Lowe’s Companies by 15.2% in the third quarter. Maryland State Retirement & Pension System now owns 34,644 shares of the home improvement retailer’s stock worth $6,385,000 after buying an additional 4,572 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $227.66 on Friday. Lowe’s Companies, Inc. has a 1 year low of $178.45 and a 1 year high of $293.06. The stock has a market cap of $127.73 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The firm has a 50-day moving average of $199.39 and a 200 day moving average of $224.22.

Lowe’s Companies (NYSE:LOW – Get Free Report) 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. 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 announced a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.27%.

Wall Street Analyst Weigh In

Several analysts have weighed in on LOW shares. Wells Fargo & Company cut their price objective on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Piper Sandler reduced their target price on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. Gordon Haskett lowered 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. 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. Finally, Weiss Ratings upgraded Lowe’s Companies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $254.74.

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Key Stories Impacting Lowe’s Companies

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About Lowe’s Companies

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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