M&G PLC Sells 3,529 Shares of Lowe’s Companies, Inc. $LOW

M&G PLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 388,299 shares of the home improvement retailer’s stock after selling 3,529 shares during the quarter. M&G PLC owned about 0.07% of Lowe’s Companies worth $71,447,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LOW. Juno Financial Group LLC grew its stake in Lowe’s Companies by 0.4% in 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 acquiring an additional 43 shares during the period. Spinnaker Trust raised its position in shares of Lowe’s Companies by 3.7% during the second quarter. Spinnaker Trust now owns 1,345 shares of the home improvement retailer’s stock worth $297,000 after purchasing an additional 48 shares during the period. Roxbury Financial LLC lifted its position in Lowe’s Companies by 0.8% in the 2nd quarter. Roxbury Financial LLC now owns 6,359 shares of the home improvement retailer’s stock valued at $1,402,000 after acquiring an additional 52 shares in the last quarter. Cordgrass Capital Advisors LLC raised its position in Lowe’s Companies by 1.2% in the 3rd quarter. Cordgrass Capital Advisors LLC now owns 4,486 shares of the home improvement retailer’s stock valued at $827,000 after buying an additional 52 shares during the last quarter. Finally, Carson Advisory Inc. increased its stake in Lowe’s Companies by 1.9% in the 1st quarter. Carson Advisory Inc. now owns 2,882 shares of the home improvement retailer’s stock valued at $681,000 after buying an additional 53 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $232.17 on Tuesday. Lowe’s Companies, Inc. has a 1 year low of $178.45 and a 1 year high of $293.06. The firm has a market cap of $130.26 billion, a PE ratio of 19.63, a PEG ratio of 1.92 and a beta of 0.81. The company has a 50 day simple moving average of $197.66 and a two-hundred day simple moving average of $224.91.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping 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 business had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the prior year, the company earned $4.33 earnings per share. The firm’s quarterly 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. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 12.25 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LOW shares. KeyCorp reissued an “overweight” rating and set a $275.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 20th. Gordon Haskett cut Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price objective on the stock. in a report on Thursday, September 24th. TD Cowen reiterated a “hold” rating and issued a $235.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 20th. JPMorgan Chase & Co. raised their price target on shares of Lowe’s Companies from $252.00 to $275.00 and gave the company an “overweight” rating in a report on Monday. Finally, Truist Financial lowered their price objective on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.23.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels.

Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe’s also provides services such as installation and other project support.

Founded in 1921 in North Wilkesboro, North Carolina, Lowe’s has grown into a major retailer operating across the United States.