4,431 Lowe’s Companies, Inc. $LOW Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 156.7% during the 3rd quarter, Holdings Channel reports. The firm owned 7,259 shares of the home improvement retailer’s stock after buying an additional 4,431 shares during the period. Soltis Investment Advisors LLC’s holdings in Lowe’s Companies were worth $1,338,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in LOW. Amundi boosted its stake in Lowe’s Companies by 57.3% in the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock worth $637,848,000 after purchasing an additional 1,053,237 shares during the period. State Street Corp raised its position in shares of Lowe’s Companies by 3.6% during the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock valued at $5,584,873,000 after buying an additional 880,815 shares during the last quarter. BlackRock Inc. raised its position in shares of Lowe’s Companies by 1.8% during the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after buying an additional 714,092 shares during the last quarter. Cullen Capital Management LLC bought a new stake in shares of Lowe’s Companies during the second quarter valued at approximately $139,207,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Lowe’s Companies by 142.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,033,232 shares of the home improvement retailer’s stock worth $244,132,000 after buying an additional 607,046 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LOW shares. Morgan Stanley reissued an “overweight” rating on shares of Lowe’s Companies in a report on Thursday, August 20th. DA Davidson reaffirmed a “neutral” rating and set a $245.00 target price on shares of Lowe’s Companies in a research note on Wednesday, August 19th. Weiss Ratings downgraded shares of Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Sanford C. Bernstein reduced their price target on shares of Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating on the stock in a report on Wednesday, September 9th. Finally, Piper Sandler decreased their price target on shares of Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating on the stock in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $253.48.

Lowe’s Companies Price Performance

NYSE LOW opened at $209.18 on Friday. The stock has a market capitalization of $117.36 billion, a PE ratio of 17.68, a P/E/G ratio of 1.73 and a beta of 0.89. The business has a 50 day simple moving average of $196.23 and a two-hundred day simple moving average of $226.43. Lowe’s Companies, Inc. has a 1-year low of $178.45 and a 1-year high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.22 by $0.18. The business had revenue of $25.96 billion for the quarter, compared to the consensus estimate of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, analysts anticipate that Lowe’s Companies, Inc. will post 12.25 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.