Hardin Capital Partners LLC Sells 3,151 Shares of Lowe’s Companies, Inc. $LOW

Hardin Capital Partners LLC lessened its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.7% in the third quarter, Holdings Channel.com reports. The firm owned 423,219 shares of the home improvement retailer’s stock after selling 3,151 shares during the quarter. Lowe’s Companies comprises 33.7% of Hardin Capital Partners LLC’s portfolio, making the stock its biggest holding. Hardin Capital Partners LLC’s holdings in Lowe’s Companies were worth $77,995,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. J. Stern & Co. LLP grew its holdings in shares of Lowe’s Companies by 7,814.9% during the fourth quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer’s stock worth $359,417,000 after purchasing an additional 1,471,539 shares during the last quarter. Amundi raised its holdings in Lowe’s Companies by 57.3% in the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after buying an additional 1,053,237 shares during the last quarter. State Street Corp raised its holdings in 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 valued at $5,584,873,000 after buying an additional 880,815 shares during the last quarter. Focus Partners Wealth boosted its position in Lowe’s Companies by 311.5% during the 4th quarter. Focus Partners Wealth now owns 1,076,594 shares of the home improvement retailer’s stock worth $259,721,000 after buying an additional 814,936 shares during the period. Finally, BlackRock Inc. boosted its position in Lowe’s Companies by 1.8% during the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after buying an additional 714,092 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $188.83 on Friday. The company has a market capitalization of $105.94 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. Lowe’s Companies, Inc. has a 52-week low of $178.45 and a 52-week high of $293.06. The company’s 50 day moving average price is $202.61 and its 200-day moving average price is $216.55.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping 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 company had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same period in the prior year, the company posted $4.33 earnings per share. Lowe’s Companies’s revenue for the quarter was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Analysts forecast that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be given a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.6%. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LOW. Mizuho dropped their price target on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. JPMorgan Chase & Co. reduced their price objective on shares of 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. KeyCorp restated an “overweight” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 20th. UBS Group lowered their target price on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Finally, Melius Research set a $244.00 target price on Lowe’s Companies in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.29.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.