Moran Wealth Management LLC Has $15.84 Million Position in Lowe’s Companies, Inc. $LOW

Moran Wealth Management LLC raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 3.9% in the 1st quarter, Holdings Channel reports. The firm owned 67,054 shares of the home improvement retailer’s stock after buying an additional 2,497 shares during the period. Moran Wealth Management LLC’s holdings in Lowe’s Companies were worth $15,844,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at $1,993,697,000. Wellington Management Group LLP raised its stake in Lowe’s Companies by 102.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock worth $1,056,585,000 after buying an additional 2,122,622 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Lowe’s Companies by 45.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,555,565 shares of the home improvement retailer’s stock worth $1,580,941,000 after acquiring an additional 2,039,343 shares in the last quarter. J. Stern & Co. LLP lifted its holdings in Lowe’s Companies by 7,814.9% during the fourth quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer’s stock worth $359,417,000 after acquiring an additional 1,471,539 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Lowe’s Companies in the fourth quarter valued at about $308,683,000. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Janice Dupre sold 14,150 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This trade represents a 26.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the transaction, the executive vice president directly owned 20,220 shares of the company’s stock, valued at approximately $4,525,842.60. This trade represents a 11.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 25,980 shares of company stock valued at $5,796,937 in the last quarter. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Telsey Advisory Group lowered their price target on Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. TD Cowen decreased their price objective on Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating for the company in a research report on Thursday, May 21st. Robert W. Baird lowered their target price on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. BTIG Research lowered shares of Lowe’s Companies to a “reduce” rating in a research note on Tuesday, May 12th. Finally, Morgan Stanley lowered their price objective on shares of Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating for the company in a research report 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Stock Down 0.1%

Shares of NYSE LOW opened at $227.26 on Friday. The business’s 50 day moving average price is $221.70 and its two-hundred day moving average price is $243.78. The company has a market cap of $127.43 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 2.87 and a beta of 0.86. Lowe’s Companies, Inc. has a twelve month low of $203.40 and a twelve month high of $293.06.

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

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be paid a $1.25 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.27%.

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.