PineStone Asset Management 13F: Cuts LOW Stake by $86M

PineStone Asset Management has significantly reduced its stake in Lowe's Companies, Inc. (NYSE: LOW) by cutting 464,300 shares in a filing on October 16, 2026. This brings their total holdings down to 306,642 shares, valued at approximately $56.5 million.

What Changed in PineStone Asset Management's Lowe's Position

The reduction reflects a 60.2% decrease in PineStone's position in Lowe's. The filing indicates that the changes occurred within the quarter leading up to the report. With the stock recently trading at $196.50, the cut may suggest a shift in confidence as the shares are currently below both the 50-day and 200-day moving averages.

Other Institutional Activity in Lowe's

Blackrock Inc. grew its holdings by 853,385 shares, ending with 40,545,728 shares worth about $8.0 billion. FMR, LLC added 5,412,192 shares, totaling 37,267,356 shares valued at approximately $7.4 billion. Vanguard Capital Management LLC slightly increased its stake by 142,180 shares, reaching 36,598,609 shares valued around $7.2 billion. State Street Corporation also raised its position by 880,171 shares, which gives them a total of 25,329,373 shares worth about $5.0 billion. Meanwhile, JPMorgan Chase & Co. trimmed its stake by 909,209 shares and now holds 36,201,345 shares valued at roughly $7.1 billion.

Lowe's Companies, Inc. Stock Up 4.3%

Lowe's shares are currently trading at $196.50, which is about 32.9% below its 52-week high of $293.06. The stock is also below both its 50-day moving average of $200.20 and its 200-day moving average of $229.00. The recent trading level suggests investors are cautious, with market sentiment reflected in the significant reduction from PineStone Asset Management.

Recent Earnings

For the trailing twelve months, Lowe's reported revenue of $90.4 billion and earnings per share (EPS) of $11.83. The company enjoyed a revenue growth of 8.3% year-over-year with a net margin of 7.3%. The next earnings report is expected on November 18, 2026.

Insider Buying and Selling at Lowe's Companies, Inc.

Recently, several insiders have sold shares of Lowe's. Officer Quonta D Vance sold 10,369 shares at an average price of $257.54 on March 4, 2026. Janice M. Dupre, another officer, sold 14,150 shares at $221.90 on June 16, 2026. Juliette Williams Pryor disposed of 9,330 shares at $224.80 on June 17, 2026, followed by Margrethe Raub Vagell, who sold 2,500 shares at $223.83 on June 18, 2026. All sales were not under a planned trading program.

Analysts Set New Price Targets

Analysts have mixed views on Lowe's. Guggenheim maintained a Buy rating with a price target of $275.00 on August 21, 2026, while Evercore ISI Group maintained an In-Line rating with a target of $220.00 on September 9, 2026. Bernstein also upheld an Outperform rating with a $254.00 target on the same date. The consensus among 33 analysts is a Buy rating with a mean price target of $252.42, suggesting that there may still be upside potential for the stock.

About Lowe's

Lowe's Companies, Inc. operates as a home improvement retailer, providing a wide range of products for construction and home improvement in the U.S. and Canada. The company offers everything from appliances to building materials, catering to both professional contractors and DIY enthusiasts. This recent stake cut by PineStone Asset Management follows a trend of cautious trading activity since the quarter.

Bottom Line

As of this filing, PineStone Asset Management's reduction in Lowe's stake reflects changing investor sentiment amid recent stock performance. The upcoming earnings report on November 18, 2026, will be an important event to watch as the market reacts to continued developments in the home improvement sector. This filing shows holdings as of the reporting period and may not represent the investor's current position. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.