M Holdings Securities Inc. Acquires New Stake in Lowe’s Companies, Inc. $LOW

M Holdings Securities Inc. bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,051 shares of the home improvement retailer’s stock, valued at approximately $2,037,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nykredit A S acquired a new position in Lowe’s Companies in the second quarter worth about $42,217,000. First Citizens Bank & Trust Co. increased its holdings in Lowe’s Companies by 31.8% in the third quarter. First Citizens Bank & Trust Co. now owns 24,068 shares of the home improvement retailer’s stock valued at $4,435,000 after buying an additional 5,804 shares during the last quarter. Glenview Trust Co increased its holdings in Lowe’s Companies by 4.9% in the second quarter. Glenview Trust Co now owns 230,389 shares of the home improvement retailer’s stock valued at $50,798,000 after buying an additional 10,735 shares during the last quarter. Andra AP fonden raised its stake in Lowe’s Companies by 14.6% during the second quarter. Andra AP fonden now owns 105,313 shares of the home improvement retailer’s stock valued at $23,220,000 after buying an additional 13,400 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Lowe’s Companies by 33.7% during the third quarter. Farther Finance Advisors LLC now owns 29,209 shares of the home improvement retailer’s stock valued at $5,383,000 after buying an additional 7,364 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Lowe’s Companies in a report on Thursday, August 20th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $231.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 20th. Melius Research set a $244.00 price target on Lowe’s Companies in a report on Tuesday, October 6th. UBS Group dropped their price target on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. Finally, KeyCorp restated an “overweight” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $254.23.

Lowe’s Companies Stock Performance

NYSE LOW opened at $232.17 on Tuesday. Lowe’s Companies, Inc. has a one year low of $178.45 and a one year high of $293.06. The company has a 50-day simple moving average of $197.66 and a 200-day simple moving average of $224.91. The firm has a market capitalization of $130.26 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81.

Lowe’s Companies (NYSE:LOW) last released 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. The firm 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 prior year, the business earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities analysts forecast that Lowe’s Companies, Inc. will post 12.25 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. Lowe’s Companies’s payout ratio is 42.27%.

Lowe’s Companies Company Profile

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.