Allspring Global Investments Holdings LLC Has $25.25 Million Holdings in Lowe’s Companies, Inc. $LOW

Allspring Global Investments Holdings LLC trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,254 shares of the home improvement retailer’s stock after selling 10,054 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Lowe’s Companies were worth $25,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in LOW. Activest Wealth Management grew its stake in Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 51 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at approximately $27,000. United Financial Planning Group LLC bought a new stake in shares of Lowe’s Companies during the 3rd quarter worth approximately $31,000. Triumph Capital Management acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth approximately $34,000. Finally, Guerra Advisors Inc acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth approximately $35,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Up 0.2%

Shares of NYSE LOW opened at $231.44 on Friday. The firm has a market cap of $129.62 billion, a PE ratio of 19.53, a P/E/G ratio of 5.02 and a beta of 0.97. The company’s fifty day simple moving average is $258.28 and its 200 day simple moving average is $250.94. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.04. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The firm had revenue of $20.59 billion for the quarter, compared to analyst estimates of $20.34 billion. During the same quarter in the prior year, the business earned $1.93 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, equities analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio is presently 40.51%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LOW. JPMorgan Chase & Co. boosted their price objective on shares of Lowe’s Companies from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Mizuho upped their price objective on Lowe’s Companies from $272.00 to $294.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Sanford C. Bernstein reduced their price objective on Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. KGI Securities initiated coverage on Lowe’s Companies in a research report on Tuesday, March 10th. They issued a “neutral” rating and a $255.00 target price on the stock. Finally, Royal Bank Of Canada boosted their target price on Lowe’s Companies from $252.00 to $257.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Twenty-two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $289.24.

Insider Activity

In related news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the sale, the chief executive officer owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

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.