Lowe’s Companies, Inc. $LOW Stock Holdings Reduced by Coho Partners Ltd.

Coho Partners Ltd. lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 42.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,002 shares of the home improvement retailer’s stock after selling 101,045 shares during the quarter. Lowe’s Companies comprises about 4.4% of Coho Partners Ltd.’s holdings, making the stock its 5th biggest holding. Coho Partners Ltd.’s holdings in Lowe’s Companies were worth $34,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after acquiring an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after acquiring an additional 259 shares in the last quarter. Sax Wealth Advisors LLC purchased a new position in shares of Lowe’s Companies during the first quarter worth about $209,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Lowe’s Companies by 4.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 62,023 shares of the home improvement retailer’s stock worth $14,465,000 after purchasing an additional 2,743 shares during the last quarter. Finally, ICONIQ Capital LLC increased its position in shares of Lowe’s Companies by 16.8% during the first quarter. ICONIQ Capital LLC now owns 2,128 shares of the home improvement retailer’s stock worth $496,000 after purchasing an additional 306 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on LOW shares. Truist Financial set a $269.00 target price on Lowe’s Companies in a research report on Wednesday, December 17th. Argus reduced their price objective on Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. TD Cowen lowered their target price on shares of Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating on the stock in a research report on Friday, November 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Lowe’s Companies in a research report on Wednesday, December 10th. Finally, UBS Group decreased their price target on shares of Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $276.80.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $242.42 on Tuesday. The business has a 50 day simple moving average of $239.85 and a 200-day simple moving average of $240.08. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $274.98. The stock has a market capitalization of $135.99 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 3.99 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The company had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. Lowe’s Companies’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be given a $1.20 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.80%.

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.