Lowe’s Companies, Inc. $LOW Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 12.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,819 shares of the home improvement retailer’s stock after selling 10,624 shares during the period. Oppenheimer & Co. Inc.’s holdings in Lowe’s Companies were worth $13,973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Juno Financial Group LLC lifted its holdings in shares of Lowe’s Companies by 0.4% in the 1st quarter. Juno Financial Group LLC now owns 11,889 shares of the home improvement retailer’s stock worth $2,809,000 after acquiring an additional 43 shares during the last quarter. TSG Advice Partners LLC boosted its stake in shares of Lowe’s Companies by 3.3% in the 1st quarter. TSG Advice Partners LLC now owns 1,373 shares of the home improvement retailer’s stock valued at $324,000 after purchasing an additional 44 shares in the last quarter. Ameliora Wealth Management Ltd. boosted its stake in shares of Lowe’s Companies by 2.5% in the 1st quarter. Ameliora Wealth Management Ltd. now owns 1,834 shares of the home improvement retailer’s stock valued at $433,000 after purchasing an additional 45 shares in the last quarter. Livet Wealth LLC boosted its stake in shares of Lowe’s Companies by 4.9% in the 1st quarter. Livet Wealth LLC now owns 962 shares of the home improvement retailer’s stock valued at $227,000 after purchasing an additional 45 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its holdings in shares of Lowe’s Companies by 0.9% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,302 shares of the home improvement retailer’s stock valued at $1,253,000 after purchasing an additional 47 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Price Performance

NYSE:LOW opened at $198.23 on Wednesday. Lowe’s Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06. The business has a 50 day moving average price of $197.03 and a 200-day moving average price of $227.33.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.22 by $0.18. The firm 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 business posted $4.33 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 12.25 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.5%.

Analysts Set New Price Targets

A number of brokerages recently commented on LOW. Truist Financial decreased their target price on shares of 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. Guggenheim reissued a “buy” rating and issued a $275.00 price target on shares of Lowe’s Companies in a research note on Monday, September 21st. TD Cowen restated a “hold” rating and set a $235.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 20th. KeyCorp restated an “overweight” rating and set a $275.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Lowe’s Companies in a research note 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 given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $253.48.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.