Gradient Investments LLC Acquires 6,564 Shares of Lowe’s Companies, Inc. $LOW

Gradient Investments LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,548 shares of the home improvement retailer’s stock after acquiring an additional 6,564 shares during the period. Gradient Investments LLC’s holdings in Lowe’s Companies were worth $37,030,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. Armstrong Advisory Group Inc. raised its position in Lowe’s Companies by 12.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,881 shares of the home improvement retailer’s stock valued at $454,000 after purchasing an additional 207 shares during the period. NorthCrest Asset Manangement LLC boosted its holdings in shares of Lowe’s Companies by 8.2% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 107,297 shares of the home improvement retailer’s stock worth $26,261,000 after purchasing an additional 8,169 shares during the period. Legacy Private Trust Co. boosted its holdings in shares of Lowe’s Companies by 0.4% in the 4th quarter. Legacy Private Trust Co. now owns 27,874 shares of the home improvement retailer’s stock worth $6,722,000 after purchasing an additional 99 shares during the period. Gryphon Financial Partners LLC increased its position in shares of Lowe’s Companies by 16.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 1,265 shares of the home improvement retailer’s stock valued at $305,000 after purchasing an additional 176 shares during the last quarter. Finally, Old Port Advisors increased its position in shares of Lowe’s Companies by 3.4% during the 4th quarter. Old Port Advisors now owns 3,507 shares of the home improvement retailer’s stock valued at $846,000 after purchasing an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price target on Lowe’s Companies from $283.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Wells Fargo & Company boosted their price objective on shares of Lowe’s Companies from $280.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Sanford C. Bernstein reduced their target price on shares of Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Royal Bank Of Canada raised their target price on shares of Lowe’s Companies from $252.00 to $257.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Twenty-one analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $289.76.

Insider Activity at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the transaction, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Down 2.0%

Shares of Lowe’s Companies stock opened at $225.03 on Monday. The stock’s fifty day moving average is $266.50 and its two-hundred day moving average is $253.22. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $293.06. The company has a market capitalization of $126.23 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 4.88 and a beta of 0.98.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.04. The business had revenue of $20.58 billion during the quarter, compared to the consensus estimate of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio is currently 40.51%.

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.