Wealthcare Advisory Partners LLC Buys 22,117 Shares of Lowe’s Companies, Inc. $LOW

Wealthcare Advisory Partners LLC raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 264.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 30,481 shares of the home improvement retailer’s stock after buying an additional 22,117 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Lowe’s Companies were worth $7,351,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Lowe’s Companies by 0.6% in the third quarter. Vanguard Group Inc. now owns 55,306,162 shares of the home improvement retailer’s stock valued at $13,898,992,000 after acquiring an additional 329,807 shares during the period. State Street Corp increased its holdings in Lowe’s Companies by 0.5% during the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock worth $6,291,867,000 after acquiring an additional 124,501 shares during the period. Norges Bank purchased a new stake in Lowe’s Companies in the 2nd quarter worth approximately $1,773,624,000. Northern Trust Corp lifted its stake in Lowe’s Companies by 1.5% in the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock worth $1,716,467,000 after purchasing an additional 103,827 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Lowe’s Companies by 5.2% in the 3rd quarter. Invesco Ltd. now owns 4,830,373 shares of the home improvement retailer’s stock valued at $1,213,921,000 after purchasing an additional 240,123 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Insider Activity at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the transaction, the chief executive officer directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE LOW opened at $230.07 on Friday. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $293.06. The company has a market capitalization of $128.85 billion, a P/E ratio of 19.42, a P/E/G ratio of 5.13 and a beta of 0.98. The company has a fifty day moving average of $262.43 and a 200-day moving average of $252.23.

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

Lowe’s Companies Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio is 40.51%.

Analysts Set New Price Targets

A number of research firms have recently commented on LOW. Wells Fargo & Company boosted their price target on shares of Lowe’s Companies from $280.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Sanford C. Bernstein dropped their price objective on Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. KGI Securities assumed coverage on Lowe’s Companies in a research report on Tuesday, March 10th. They set a “neutral” rating and a $255.00 target price for the company. Wolfe Research decreased their target price on Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $300.00 price target (up from $294.00) on shares of Lowe’s Companies in a report on Thursday, February 26th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $289.76.

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.