Valley National Advisers Inc. Sells 10,259 Shares of Lowe’s Companies, Inc. $LOW

Valley National Advisers Inc. reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 71.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,054 shares of the home improvement retailer’s stock after selling 10,259 shares during the quarter. Valley National Advisers Inc.’s holdings in Lowe’s Companies were worth $747,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LOW. Amundi boosted its holdings in shares of Lowe’s Companies by 57.3% during the second quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock worth $637,848,000 after acquiring an additional 1,053,237 shares during the period. State Street Corp grew its position in shares of Lowe’s Companies by 3.6% in 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 purchasing an additional 880,815 shares during the last quarter. BlackRock Inc. grew its position in shares of Lowe’s Companies by 1.8% in 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 purchasing an additional 714,092 shares during the last quarter. Cullen Capital Management LLC bought a new position in shares of Lowe’s Companies during the second quarter worth approximately $139,207,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Lowe’s Companies by 142.4% during 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 purchasing an additional 607,046 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LOW. Royal Bank Of Canada reissued a “sector perform” rating and set a $231.00 price target on shares of Lowe’s Companies in a report on Thursday, August 20th. Weiss Ratings lowered Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Evercore set a $190.00 price objective on Lowe’s Companies in a report on Tuesday, October 6th. Guggenheim reiterated a “buy” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research report on Monday, September 21st. Finally, Gordon Haskett downgraded Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 target price for the company. in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $254.29.

Lowe’s Companies Price Performance

Shares of LOW opened at $198.82 on Monday. Lowe’s Companies, Inc. has a one year low of $178.45 and a one year high of $293.06. The company has a market cap of $111.55 billion, a P/E ratio of 16.81, a P/E/G ratio of 1.66 and a beta of 0.89. The firm has a 50 day simple moving average of $197.50 and a two-hundred day simple moving average of $213.47.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping 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 company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, analysts expect that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

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

Lowe’s Companies Profile

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.