Flputnam Investment Management Co. Boosts Stock Holdings in Lowe’s Companies, Inc. $LOW

Flputnam Investment Management Co. increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 26.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,260 shares of the home improvement retailer’s stock after purchasing an additional 24,434 shares during the period. Flputnam Investment Management Co.’s holdings in Lowe’s Companies were worth $28,037,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LOW. Brighton Jones LLC raised its holdings in Lowe’s Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Lowe’s Companies by 22.3% during the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock worth $340,000 after purchasing an additional 280 shares in the last quarter. United Bank raised its holdings in Lowe’s Companies by 1.3% during the second quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after purchasing an additional 155 shares in the last quarter. Finally, Schnieders Capital Management LLC. raised its holdings in Lowe’s Companies by 13.1% during the second quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock worth $528,000 after purchasing an additional 275 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Shares of LOW opened at $211.95 on Wednesday. The firm has a 50 day simple moving average of $233.76 and a 200-day simple moving average of $247.80. Lowe’s Companies, Inc. has a 1-year low of $208.00 and a 1-year high of $293.06. The stock has a market cap of $118.70 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The business had revenue of $23.08 billion during the quarter, compared to analysts’ expectations of $22.98 billion. During the same period last year, the company posted $2.92 EPS. The company’s revenue was up 10.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, equities analysts expect that Lowe’s Companies, Inc. will post 12.52 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 40.57%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. KeyCorp cut their price target on shares of Lowe’s Companies from $300.00 to $275.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Citigroup raised shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 price target for the company in a report on Tuesday, May 12th. Piper Sandler lowered their target price on shares of Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Raymond James Financial lowered shares of Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Finally, Mizuho lowered their target price on shares of Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $264.57.

Lowe’s Companies 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.