Lowe’s Companies, Inc. $LOW Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.1% during the 4th quarter, HoldingsChannel reports. The fund owned 1,203,093 shares of the home improvement retailer’s stock after acquiring an additional 58,765 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Lowe’s Companies were worth $297,032,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Providence First Trust Co purchased a new stake in Lowe’s Companies in the fourth quarter valued at approximately $324,000. AssuredPartners Investment Advisors LLC raised its stake in Lowe’s Companies by 87.9% during the fourth quarter. AssuredPartners Investment Advisors LLC now owns 5,485 shares of the home improvement retailer’s stock worth $1,323,000 after purchasing an additional 2,566 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Lowe’s Companies by 1.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 77,247 shares of the home improvement retailer’s stock valued at $18,629,000 after purchasing an additional 931 shares during the last quarter. McIlrath & Eck LLC boosted its holdings in shares of Lowe’s Companies by 7.7% in the 4th quarter. McIlrath & Eck LLC now owns 1,967 shares of the home improvement retailer’s stock valued at $474,000 after purchasing an additional 141 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new stake in shares of Lowe’s Companies during the 4th quarter valued at $72,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LOW shares. Bank of America initiated coverage on Lowe’s Companies in a report on Tuesday. They set a “neutral” rating for the company. Robert W. Baird boosted their price target on Lowe’s Companies from $290.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. upped their price target on Lowe’s Companies from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Argus raised their price objective on Lowe’s Companies from $286.00 to $288.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, The Goldman Sachs Group boosted their target price on Lowe’s Companies from $283.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Twenty analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $289.10.

Lowe’s Companies Trading Up 0.7%

NYSE:LOW opened at $225.20 on Wednesday. The firm’s fifty day simple moving average is $244.30 and its 200 day simple moving average is $249.87. Lowe’s Companies, Inc. has a twelve month low of $210.33 and a twelve month high of $293.06. The firm has a market capitalization of $126.13 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 4.85 and a beta of 0.91.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, beating the consensus estimate of $1.94 by $0.04. The company had revenue of $20.59 billion for the quarter, compared to analyst estimates of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, analysts predict that Lowe’s Companies, Inc. will post 12.63 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.51%.

Lowe’s Companies Company Profile

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.