Captrust Financial Advisors Buys 3,382 Shares of Lowe’s Companies, Inc. $LOW

Captrust Financial Advisors increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 608,084 shares of the home improvement retailer’s stock after acquiring an additional 3,382 shares during the period. Captrust Financial Advisors’ holdings in Lowe’s Companies were worth $146,645,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Providence Wealth Advisors LLC raised its holdings in Lowe’s Companies by 0.5% during the fourth quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock worth $1,959,000 after acquiring an additional 36 shares in the last quarter. Rather & Kittrell Inc. raised its holdings in Lowe’s Companies by 0.4% during the fourth quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer’s stock worth $2,503,000 after acquiring an additional 38 shares in the last quarter. First Command Advisory Services Inc. raised its holdings in Lowe’s Companies by 1.3% during the fourth quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer’s stock worth $711,000 after acquiring an additional 38 shares in the last quarter. Walkner Condon Financial Advisors LLC raised its holdings in Lowe’s Companies by 4.3% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer’s stock worth $228,000 after acquiring an additional 39 shares in the last quarter. Finally, Smithbridge Asset Management Inc. DE raised its holdings in Lowe’s Companies by 1.1% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer’s stock worth $898,000 after acquiring an additional 39 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LOW shares. Piper Sandler lowered their price target on Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Evercore cut their price objective on Lowe’s Companies from $250.00 to $230.00 in a research report on Thursday, May 21st. Royal Bank Of Canada reduced their target price on Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating for the company in a research note on Thursday, May 21st. DA Davidson reiterated a “neutral” rating and set a $275.00 target price on shares of Lowe’s Companies in a research note on Wednesday, May 20th. Finally, Wolfe Research set a $254.00 target price on Lowe’s Companies in a research note 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Trading Up 1.7%

Shares of NYSE LOW opened at $223.88 on Wednesday. Lowe’s Companies, Inc. has a 12 month low of $203.40 and a 12 month high of $293.06. The stock has a 50 day moving average of $228.01 and a 200-day moving average of $246.01. The company has a market capitalization of $125.53 billion, a P/E ratio of 18.92, a P/E/G ratio of 2.78 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $22.98 billion. During the same period in the previous year, the company posted $2.92 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Analysts predict that Lowe’s Companies, Inc. will post 12.48 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is 40.57%.

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.