Geode Capital Management LLC Grows Stock Holdings in Lowe’s Companies, Inc. $LOW

Geode Capital Management LLC raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,326,581 shares of the home improvement retailer’s stock after buying an additional 887,579 shares during the period. Geode Capital Management LLC’s holdings in Lowe’s Companies were worth $3,201,329,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Activest Wealth Management lifted its position in shares of Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 51 shares during the last quarter. OLD Second National Bank of Aurora increased its holdings in shares of Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 42 shares in the last quarter. United Financial Planning Group LLC acquired a new position in shares of Lowe’s Companies during the third quarter valued at about $31,000. Triumph Capital Management acquired a new position in shares of Lowe’s Companies during the third quarter valued at about $34,000. Finally, Guerra Advisors Inc acquired a new position in shares of Lowe’s Companies during the third quarter valued at about $35,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Up 2.4%

Shares of NYSE:LOW opened at $217.17 on Thursday. Lowe’s Companies, Inc. has a twelve month low of $208.00 and a twelve month high of $293.06. The company’s 50 day moving average is $233.26 and its 200 day moving average is $247.70. The company has a market cap of $121.63 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 4.60 and a beta of 0.91.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the prior year, the company earned $2.92 EPS. Lowe’s Companies’s quarterly 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. Equities research analysts predict that Lowe’s Companies, Inc. will post 12.5 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio is currently 40.57%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating on the stock in a report on Thursday, May 21st. BTIG Research downgraded shares of Lowe’s Companies to a “reduce” rating in a report on Tuesday, May 12th. UBS Group cut their price objective on shares of Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Truist Financial cut their price objective on shares of Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Evercore cut their price objective on shares of Lowe’s Companies from $250.00 to $230.00 in a report on Thursday, May 21st. Twenty-three investment 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. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $264.57.

About Lowe’s Companies

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.