NewEdge Advisors LLC Purchases 142,938 Shares of Lowe’s Companies, Inc. $LOW

NewEdge Advisors LLC raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 139.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 245,098 shares of the home improvement retailer’s stock after purchasing an additional 142,938 shares during the quarter. NewEdge Advisors LLC’s holdings in Lowe’s Companies were worth $57,912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LOW. Vanguard Group Inc. grew its position in Lowe’s Companies by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock valued at $13,560,617,000 after buying an additional 924,625 shares during the period. State Street Corp raised its position in Lowe’s Companies by 0.5% in the third 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. Geode Capital Management LLC boosted its stake in shares of Lowe’s Companies by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock worth $3,201,329,000 after acquiring an additional 887,579 shares during the last quarter. Norges Bank purchased a new position in shares of Lowe’s Companies during the 4th quarter worth $1,993,697,000. Finally, Northern Trust Corp grew its position in shares of Lowe’s Companies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock valued at $1,716,467,000 after acquiring an additional 103,827 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $218.34 on Friday. The company has a market capitalization of $122.43 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.78 and a beta of 0.86. Lowe’s Companies, Inc. has a one year low of $199.40 and a one year high of $293.06. The company’s fifty day moving average price is $214.81 and its 200-day moving average price is $236.95.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion for the quarter, compared to analysts’ expectations of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. Lowe’s Companies’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities research analysts expect that Lowe’s Companies, Inc. will post 12.46 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd were given a $1.25 dividend. The ex-dividend date was Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.27%.

Insider Activity

In related news, EVP Janice Dupre sold 14,150 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the sale, the executive vice president owned 39,785 shares of the company’s stock, valued at approximately $8,828,291.50. This trade represents a 26.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the sale, the executive vice president directly owned 20,220 shares in the company, valued at $4,525,842.60. This trade represents a 11.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,980 shares of company stock worth $5,796,937 over the last ninety days. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LOW shares. Raymond James Financial lowered Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada lowered their target price on Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 21st. William Blair started coverage on Lowe’s Companies in a report on Tuesday, May 12th. They set an “overweight” rating for the company. Benchmark started coverage on Lowe’s Companies in a research report on Tuesday, May 12th. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group decreased their price objective on Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Twenty-three equities 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 company’s stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $263.67.

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.