OMERS ADMINISTRATION Corp Reduces Position in Lowe’s Companies, Inc. $LOW

OMERS ADMINISTRATION Corp cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 567,542 shares of the home improvement retailer’s stock after selling 8,200 shares during the period. OMERS ADMINISTRATION Corp owned approximately 0.10% of Lowe’s Companies worth $136,868,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LOW. Norges Bank purchased a new position in Lowe’s Companies in the fourth quarter worth about $1,993,697,000. Wellington Management Group LLP lifted its position in shares of Lowe’s Companies by 102.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock valued at $1,056,585,000 after buying an additional 2,122,622 shares in the last quarter. Victory Capital Management Inc. raised its stake in Lowe’s Companies by 207.2% during the 3rd quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock valued at $517,218,000 after purchasing an additional 1,388,133 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in Lowe’s Companies during the 4th quarter valued at approximately $308,683,000. Finally, Vanguard Group Inc. raised its stake in Lowe’s Companies by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock valued at $13,560,617,000 after purchasing an additional 924,625 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $220.29 on Tuesday. The business’s 50-day moving average is $228.16 and its 200 day moving average is $246.14. Lowe’s Companies, Inc. has a 1 year low of $203.40 and a 1 year high of $293.06. The firm has a market capitalization of $123.52 billion, a P/E ratio of 18.62, a P/E/G ratio of 2.79 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.06. The company had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, analysts expect that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

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

Wall Street Analyst Weigh In

LOW has been the topic of a number of research reports. Gordon Haskett reduced their price objective on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Raymond James Financial cut Lowe’s Companies from a “market perform” rating to a “market perform” rating in a report on Tuesday, May 12th. Mizuho dropped their price objective on Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Truist Financial dropped their price objective on Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Piper Sandler lowered their target price on Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $264.57.

About Lowe’s Companies

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.