Focus Partners Wealth Acquires 814,936 Shares of Lowe’s Companies, Inc. $LOW

Focus Partners Wealth lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 311.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,076,594 shares of the home improvement retailer’s stock after purchasing an additional 814,936 shares during the period. Focus Partners Wealth owned about 0.19% of Lowe’s Companies worth $259,721,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Swiss RE Ltd. bought a new position in shares of Lowe’s Companies during the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC bought a new position in shares of Lowe’s Companies during the 4th quarter valued at $27,000. United Financial Planning Group LLC bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at $31,000. OLD Second National Bank of Aurora grew its holdings in shares of Lowe’s Companies by 52.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 42 shares during the last quarter. Finally, Triumph Capital Management bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at $34,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.2%

Shares of Lowe’s Companies stock opened at $220.57 on Friday. The firm has a market cap of $123.67 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 2.79 and a beta of 0.86. Lowe’s Companies, Inc. has a 12-month low of $203.40 and a 12-month high of $293.06. The company’s fifty day simple moving average is $228.38 and its two-hundred day simple moving average is $246.14.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The business had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be issued a $1.25 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. Lowe’s Companies’s payout ratio is 40.57%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LOW shares. Gordon Haskett reduced their target price on shares of Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. KeyCorp reduced their target price on shares of Lowe’s Companies from $300.00 to $275.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Weiss Ratings lowered shares of Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Jefferies Financial Group reduced their target price on shares of Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Company 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.