Corient Private Wealth LP Lowers Stock Position in Lowe’s Companies, Inc. $LOW

Corient Private Wealth LP trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 25.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 232,350 shares of the home improvement retailer’s stock after selling 79,022 shares during the period. Corient Private Wealth LP’s holdings in Lowe’s Companies were worth $51,231,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. California State Teachers Retirement System grew its position in Lowe’s Companies by 21,712.9% during the second quarter. California State Teachers Retirement System now owns 182,933,056 shares of the home improvement retailer’s stock valued at $40,334,910,000 after acquiring an additional 182,094,408 shares during the period. BlackRock Inc. raised its holdings in shares of Lowe’s Companies by 1.8% in the 2nd 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 during the period. State Street Corp raised its holdings in shares of Lowe’s Companies by 0.5% in the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock worth $6,291,867,000 after purchasing an additional 124,501 shares during the period. Geode Capital Management LLC lifted its stake in shares of Lowe’s Companies by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock valued at $3,201,329,000 after purchasing an additional 887,579 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at about $1,993,697,000. 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 $197.16 on Friday. Lowe’s Companies, Inc. has a 1-year low of $195.06 and a 1-year high of $293.06. The company has a market capitalization of $110.62 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 2.62 and a beta of 0.85. The business has a 50-day moving average of $211.06 and a 200-day moving average of $225.05.

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

Lowe’s Companies Announces Dividend

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 given a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.5%. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LOW. Oppenheimer decreased their target price on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating for the company in a report on Monday, May 18th. Gordon Haskett cut their price target on shares of Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Wolfe Research set a $254.00 price target on shares of Lowe’s Companies in a research report on Thursday, May 21st. Weiss Ratings downgraded shares of Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Finally, KeyCorp reissued an “overweight” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 20th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $257.63.

Insider Activity

In other news, EVP Margrethe R. Vagell sold 2,500 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the transaction, the executive vice president directly owned 20,220 shares in the company, valued at approximately $4,525,842.60. This represents a 11.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Janice Dupré sold 14,150 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the sale, the executive vice president directly owned 39,785 shares of the company’s stock, valued at approximately $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,980 shares of company stock worth $5,796,937 over the last 90 days. Company insiders own 0.29% of the company’s stock.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.