Lowe’s Companies, Inc. $LOW Stock Holdings Boosted by Trek Financial LLC

Trek Financial LLC grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 29.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 12,327 shares of the home improvement retailer’s stock after acquiring an additional 2,826 shares during the period. Trek Financial LLC’s holdings in Lowe’s Companies were worth $2,272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of 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 valued at $8,939,928,000 after acquiring an additional 714,092 shares in the last quarter. State Street Corp increased its stake in Lowe’s Companies by 3.6% in the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock valued at $5,584,873,000 after acquiring an additional 880,815 shares during the period. Bank of New York Mellon Corp increased its stake in Lowe’s Companies by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock valued at $956,371,000 after acquiring an additional 201,803 shares during the period. Amundi raised its position in Lowe’s Companies by 57.3% in the second quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock worth $637,848,000 after purchasing an additional 1,053,237 shares in the last quarter. Finally, Swiss National Bank raised its position in Lowe’s Companies by 7.1% in the first quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock worth $388,992,000 after purchasing an additional 109,520 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on LOW. Wells Fargo & Company cut their price target on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Gordon Haskett lowered Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price objective on the stock. in a research note on Thursday, September 24th. JPMorgan Chase & Co. lowered their price objective 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. Piper Sandler dropped their target price on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a report on Thursday, August 13th. Finally, Guggenheim restated a “buy” rating and set a $275.00 target price on shares of Lowe’s Companies in a research report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $253.48.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $218.00 on Tuesday. The company’s fifty day moving average is $196.26 and its 200-day moving average is $226.15. Lowe’s Companies, Inc. has a 52 week low of $178.45 and a 52 week high of $293.06. The company has a market capitalization of $122.31 billion, a PE ratio of 18.43, a P/E/G ratio of 1.66 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.22 by $0.18. The business had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, analysts forecast that Lowe’s Companies, Inc. will post 12.25 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be given a $1.25 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. Lowe’s Companies’s payout ratio is 42.27%.

Lowe’s Companies 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.