6,899 Shares in Lowe’s Companies, Inc. $LOW Bought by Greg Jennings LLC

Greg Jennings LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,899 shares of the home improvement retailer’s stock, valued at approximately $1,272,000. Lowe’s Companies makes up about 0.9% of Greg Jennings LLC’s portfolio, making the stock its 25th largest position.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its holdings in Lowe’s Companies by 1.8% during the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after purchasing an additional 714,092 shares in the last quarter. State Street Corp boosted its stake in Lowe’s Companies by 3.6% during 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 purchasing an additional 880,815 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Lowe’s Companies by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,104,782 shares of the home improvement retailer’s stock valued at $905,063,000 after purchasing an additional 57,167 shares in the last quarter. Amundi boosted its stake in Lowe’s Companies by 57.3% during the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after purchasing an additional 1,053,237 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Lowe’s Companies by 7.1% during the 1st quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock valued at $388,992,000 after purchasing an additional 109,520 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of research reports. DA Davidson reissued a “neutral” rating and issued a $245.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, August 19th. UBS Group decreased their target price on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of Lowe’s Companies in a research note on Thursday, August 20th. Citigroup lowered their target price on Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Finally, Evercore set a $190.00 price target on shares of Lowe’s Companies in a research report on Tuesday, October 6th. One research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $254.29.

Lowe’s Companies Stock Down 0.8%

NYSE:LOW traded down $1.51 during trading hours on Monday, reaching $195.87. 3,085,742 shares of the company’s stock were exchanged, compared to its average volume of 2,967,850. The company has a market capitalization of $109.89 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 1.65 and a beta of 0.89. Lowe’s Companies, Inc. has a 12 month low of $178.45 and a 12 month high of $293.06. The business’s 50-day simple moving average is $199.44 and its two-hundred day simple moving average is $214.70.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.22 by $0.18. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The company had revenue of $25.96 billion for the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter in the prior year, the company earned $4.33 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. Lowe’s Companies’s dividend payout ratio is currently 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.