NewEdge Wealth LLC Raises Holdings in Lowe’s Companies, Inc. $LOW

NewEdge Wealth LLC raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 96,856 shares of the home improvement retailer’s stock after purchasing an additional 4,141 shares during the period. NewEdge Wealth LLC’s holdings in Lowe’s Companies were worth $23,358,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. Rather & Kittrell Inc. raised its position in shares of Lowe’s Companies by 0.4% in the fourth quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer’s stock valued at $2,503,000 after buying an additional 38 shares during the last quarter. Walkner Condon Financial Advisors LLC lifted its stake in shares of Lowe’s Companies by 4.3% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer’s stock worth $228,000 after buying an additional 39 shares in the last quarter. Berger Financial Group Inc boosted its position in Lowe’s Companies by 3.6% during the fourth quarter. Berger Financial Group Inc now owns 1,165 shares of the home improvement retailer’s stock worth $281,000 after acquiring an additional 40 shares during the last quarter. Westfuller Advisors LLC boosted its position in Lowe’s Companies by 7.0% during the fourth quarter. Westfuller Advisors LLC now owns 629 shares of the home improvement retailer’s stock worth $152,000 after acquiring an additional 41 shares during the last quarter. Finally, DDD Partners LLC grew its stake in Lowe’s Companies by 2.7% during the 4th quarter. DDD Partners LLC now owns 1,563 shares of the home improvement retailer’s stock valued at $377,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on LOW shares. Gordon Haskett cut their price objective on shares of Lowe’s Companies from $300.00 to $280.00 in a report on Friday. Robert W. Baird upped their price target on Lowe’s Companies from $290.00 to $320.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada increased their price target on Lowe’s Companies from $252.00 to $257.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Wolfe Research reduced their price objective on Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Finally, Argus boosted their price objective on Lowe’s Companies from $286.00 to $288.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Twenty investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $288.41.

Lowe’s Companies Price Performance

NYSE:LOW opened at $229.07 on Friday. The firm has a market capitalization of $128.29 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 4.39 and a beta of 0.91. The company’s 50-day moving average is $242.52 and its two-hundred day moving average is $249.70. Lowe’s Companies, Inc. has a 1-year low of $210.33 and a 1-year high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. The business had revenue of $20.59 billion during the quarter, compared to the consensus estimate of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.61 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $4.80 annualized dividend and a yield of 2.1%. Lowe’s Companies’s dividend payout ratio (DPR) is 40.51%.

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.