Nuveen LLC Decreases Holdings in Lowe’s Companies, Inc. $LOW

Nuveen LLC cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,661,219 shares of the home improvement retailer’s stock after selling 10,994 shares during the quarter. Nuveen LLC owned approximately 0.47% of Lowe’s Companies worth $641,780,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. United Financial Planning Group LLC purchased a new stake in Lowe’s Companies in the 3rd quarter worth about $31,000. OLD Second National Bank of Aurora increased its holdings in Lowe’s Companies by 52.5% in the 4th 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 during the last quarter. Triumph Capital Management purchased a new stake in Lowe’s Companies in the 3rd quarter worth about $34,000. Financial Life Planners purchased a new stake in Lowe’s Companies in the 3rd quarter worth about $36,000. Finally, Ares Financial Consulting LLC purchased a new stake in Lowe’s Companies in the 4th quarter worth about $36,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LOW. Sanford C. Bernstein decreased their price objective on Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. HSBC reduced their target price on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a report on Thursday, May 21st. Guggenheim lifted their target price on Lowe’s Companies from $280.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, February 26th. BTIG Research lowered Lowe’s Companies to a “reduce” rating in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada reduced their target price on Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating for the company in a report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $264.57.

Lowe’s Companies Trading Up 2.4%

Shares of LOW opened at $221.45 on Friday. The company has a market cap of $124.17 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86. The stock has a 50-day moving average price of $228.68 and a 200-day moving average price of $246.32. Lowe’s Companies, Inc. has a 12-month low of $203.40 and a 12-month high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating 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 negative return on equity of 67.96% and a net margin of 7.51%.The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the company posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, analysts predict that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Lowe’s Companies’s dividend payout ratio is 40.57%.

Lowe’s Companies Profile

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.