Savant Capital LLC Has $4.55 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

Savant Capital LLC trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,854 shares of the home improvement retailer’s stock after selling 2,509 shares during the quarter. Savant Capital LLC’s holdings in Lowe’s Companies were worth $4,547,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Lowe’s Companies by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock worth $13,560,617,000 after purchasing an additional 924,625 shares in the last quarter. State Street Corp grew its holdings in Lowe’s Companies by 0.5% during the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock worth $6,291,867,000 after acquiring an additional 124,501 shares during the last quarter. Geode Capital Management LLC grew its holdings in Lowe’s Companies by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock worth $3,201,329,000 after acquiring an additional 887,579 shares during the last quarter. Northern Trust Corp grew its holdings in Lowe’s Companies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock worth $1,716,467,000 after acquiring an additional 103,827 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Lowe’s Companies by 5.2% during the 3rd quarter. Invesco Ltd. now owns 4,830,373 shares of the home improvement retailer’s stock worth $1,213,921,000 after acquiring an additional 240,123 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $214.45 on Friday. The firm’s fifty day moving average is $232.49 and its 200-day moving average is $247.36. Lowe’s Companies, Inc. has a 52 week low of $208.00 and a 52 week high of $293.06. The firm has a market cap of $120.11 billion, a P/E ratio of 18.13, a P/E/G ratio of 2.70 and a beta of 0.91.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating 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 company had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same period in the prior year, the firm posted $2.92 EPS. The company’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. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.5 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s payout ratio is currently 40.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Oppenheimer reduced their target price on shares of Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Truist Financial reduced their target price 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. Sanford C. Bernstein reduced their target price on shares of Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Bank of America reduced their target price on shares of Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Finally, UBS Group reduced their target price 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. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.