Lowe’s Companies, Inc. $LOW Shares Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 6.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 446,441 shares of the home improvement retailer’s stock after acquiring an additional 25,609 shares during the period. Lowe’s Companies comprises 1.4% of Bridges Investment Management Inc.’s portfolio, making the stock its 21st biggest holding. Bridges Investment Management Inc.’s holdings in Lowe’s Companies were worth $107,664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of LOW. Brighton Jones LLC lifted its holdings in Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after acquiring an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Lowe’s Companies by 31.6% in the 4th 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 during the last quarter. Sivia Capital Partners LLC lifted its stake in Lowe’s Companies by 22.3% during the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock valued at $340,000 after buying an additional 280 shares in the last quarter. United Bank lifted its stake in Lowe’s Companies by 1.3% during the second quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock valued at $2,690,000 after buying an additional 155 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its stake in Lowe’s Companies by 13.1% during the second quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock valued at $528,000 after buying an additional 275 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LOW. Piper Sandler reduced their price objective on shares of Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Bank of America reduced their price objective on shares of Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. KeyCorp reduced their price objective on shares of Lowe’s Companies from $300.00 to $275.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. BTIG Research lowered shares of Lowe’s Companies to a “reduce” rating in a research report on Tuesday, May 12th. Finally, Raymond James Financial lowered shares of Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $206.43 on Wednesday. The stock has a market cap of $115.75 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 2.62 and a beta of 0.86. Lowe’s Companies, Inc. has a one year low of $204.51 and a one year high of $293.06. The stock has a fifty day moving average price of $232.06 and a 200 day moving average price of $247.26.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.97 by $0.06. The firm had revenue of $23.08 billion during the quarter, compared to analysts’ expectations of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.Lowe’s Companies’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.5 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. Lowe’s Companies’s dividend payout ratio (DPR) is 40.57%.

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.