NewEdge Advisors LLC Sells 139,488 Shares of Lowe’s Companies, Inc. $LOW

NewEdge Advisors LLC cut its position in Lowe’s Companies, Inc. (NYSE:LOW) by 56.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 105,610 shares of the home improvement retailer’s stock after selling 139,488 shares during the quarter. NewEdge Advisors LLC’s holdings in Lowe’s Companies were worth $23,286,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LOW. Providence Wealth Advisors LLC increased its position in shares of Lowe’s Companies by 0.5% in the 4th quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock valued at $1,959,000 after buying an additional 36 shares in the last quarter. First Command Advisory Services Inc. increased its holdings in shares of Lowe’s Companies by 1.3% in 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. Smithbridge Asset Management Inc. DE raised its position in shares of 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 purchasing an additional 39 shares during the period. Sumitomo Life Insurance Co. raised its position in shares of Lowe’s Companies by 0.6% during the fourth quarter. Sumitomo Life Insurance Co. now owns 6,140 shares of the home improvement retailer’s stock worth $1,481,000 after purchasing an additional 39 shares during the period. Finally, S&CO Inc. lifted its holdings in shares of Lowe’s Companies by 0.6% during the 4th quarter. S&CO Inc. now owns 6,403 shares of the home improvement retailer’s stock valued at $1,544,000 after purchasing an additional 40 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $196.47 on Friday. The business has a 50-day moving average of $211.67 and a 200-day moving average of $225.24. The stock has a market capitalization of $110.23 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.64 and a beta of 0.85. Lowe’s Companies, Inc. has a fifty-two week low of $195.06 and a fifty-two week high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating the consensus estimate of $4.22 by $0.18. The firm had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.26 EPS for the current year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio is presently 42.27%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating on shares of Lowe’s Companies in a research report on Thursday, August 20th. Mizuho dropped their target price on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. Sanford C. Bernstein cut 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 research note on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Finally, Telsey Advisory Group lowered their price objective on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $257.63.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Pryor sold 9,330 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the sale, the executive vice president owned 16,142 shares in the company, valued at $3,628,883.02. This trade represents a 36.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Janice Dupré sold 14,150 shares of Lowe’s Companies stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the completion of the transaction, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is owned by corporate insiders.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

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