Lowe’s Companies, Inc. $LOW Stock: Sterling Capital Management LLC Trims Stake

Sterling Capital Management LLC cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 68.7% during the third quarter, Holdings Channel reports. The fund owned 2,142 shares of the home improvement retailer’s stock after selling 4,706 shares during the quarter. Sterling Capital Management LLC’s holdings in Lowe’s Companies were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. XXI Wealth LLC bought a new stake in shares of Lowe’s Companies during the 3rd quarter worth about $304,000. Yousif Capital Management LLC grew its stake in Lowe’s Companies by 3.0% in the 3rd quarter. Yousif Capital Management LLC now owns 90,281 shares of the home improvement retailer’s stock valued at $16,638,000 after buying an additional 2,587 shares during the last quarter. Studio Investment Management LLC raised its holdings in Lowe’s Companies by 7.6% in the 3rd quarter. Studio Investment Management LLC now owns 3,723 shares of the home improvement retailer’s stock valued at $686,000 after acquiring an additional 263 shares during the period. Titan Investment Management LLC bought a new position in Lowe’s Companies in the 3rd quarter valued at about $2,144,000. Finally, Culbertson A N & Co. Inc. lifted its position in Lowe’s Companies by 5.9% during the third quarter. Culbertson A N & Co. Inc. now owns 2,858 shares of the home improvement retailer’s stock worth $527,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LOW shares. Piper Sandler reduced their price objective on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a report on Thursday, August 13th. 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 research note on Thursday, August 20th. TD Cowen reiterated a “hold” rating and set a $235.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 20th. Telsey Advisory Group dropped their price target on Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a report on Thursday, August 20th. Finally, Stifel Nicolaus reduced their price target on Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.48.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $207.12 on Friday. Lowe’s Companies, Inc. has a 52 week low of $178.45 and a 52 week high of $293.06. The firm has a market cap of $116.20 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 1.66 and a beta of 0.89. The firm’s 50-day simple moving average is $196.40 and its 200 day simple moving average is $226.74.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the prior year, the company posted $4.33 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.25 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be paid 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 2.4%. Lowe’s Companies’s dividend payout ratio (DPR) is 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.