Lowe’s Companies, Inc. $LOW Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 12.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 75,819 shares of the home improvement retailer’s stock after selling 10,624 shares during the period. Oppenheimer & Co. Inc.’s holdings in Lowe’s Companies were worth $13,973,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Juno Financial Group LLC increased its stake in shares of Lowe’s Companies by 0.4% during the first quarter. Juno Financial Group LLC now owns 11,889 shares of the home improvement retailer’s stock valued at $2,809,000 after buying an additional 43 shares during the period. TSG Advice Partners LLC raised its holdings in shares of Lowe’s Companies by 3.3% during the first quarter. TSG Advice Partners LLC now owns 1,373 shares of the home improvement retailer’s stock valued at $324,000 after acquiring an additional 44 shares in the last quarter. Ameliora Wealth Management Ltd. lifted its stake in Lowe’s Companies by 2.5% in the first quarter. Ameliora Wealth Management Ltd. now owns 1,834 shares of the home improvement retailer’s stock worth $433,000 after acquiring an additional 45 shares during the period. Livet Wealth LLC lifted its stake in Lowe’s Companies by 4.9% in the first quarter. Livet Wealth LLC now owns 962 shares of the home improvement retailer’s stock worth $227,000 after acquiring an additional 45 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its stake in Lowe’s Companies by 0.9% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,302 shares of the home improvement retailer’s stock worth $1,253,000 after acquiring an additional 47 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LOW. KeyCorp reissued an “overweight” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 20th. Telsey Advisory Group dropped their target price on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Melius Research set a $244.00 target price on shares of Lowe’s Companies in a research report on Tuesday, October 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Lowe’s Companies in a research note on Thursday, August 20th. Finally, Stifel Nicolaus reduced their price target on shares of Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating on the stock in a research report on Monday. One investment 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 given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $253.48.

Lowe’s Companies Stock Performance

Shares of LOW opened at $198.23 on Wednesday. Lowe’s Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06. The firm’s 50-day simple moving average is $197.03 and its two-hundred day simple moving average is $227.33.

Lowe’s Companies (NYSE:LOW) last released its 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. The business had revenue of $25.96 billion for the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter in the previous year, the business posted $4.33 earnings per share. Lowe’s Companies’s revenue for the quarter 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, equities analysts expect that Lowe’s Companies, Inc. will post 12.25 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared 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 is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.5%.

Lowe’s Companies Company 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.