Lowe’s Companies, Inc. $LOW Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 259,865 shares of the home improvement retailer’s stock after acquiring an additional 26,826 shares during the quarter. Cerity Partners LLC’s holdings in Lowe’s Companies were worth $62,671,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LOW. OLD Second National Bank of Aurora boosted its holdings in Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 42 shares in the last quarter. United Financial Planning Group LLC bought a new stake in Lowe’s Companies during the third quarter worth approximately $31,000. Triumph Capital Management bought a new stake in Lowe’s Companies during the third quarter worth approximately $34,000. Financial Life Planners bought a new stake in Lowe’s Companies during the third quarter worth approximately $36,000. Finally, Ares Financial Consulting LLC bought a new stake in Lowe’s Companies during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the subject of a number of research reports. Citigroup upgraded shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 target price for the company in a report on Tuesday, May 12th. Wells Fargo & Company reduced their target price on shares of Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Morgan Stanley decreased 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 note on Thursday, May 21st. DA Davidson reaffirmed a “neutral” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, May 20th. Finally, Weiss Ratings lowered shares of Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Stock Up 4.4%

Shares of NYSE:LOW opened at $217.19 on Wednesday. The firm has a fifty day moving average of $229.30 and a two-hundred day moving average of $246.49. The firm has a market capitalization of $121.78 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 2.63 and a beta of 0.86. Lowe’s Companies, Inc. has a 12-month low of $203.40 and a 12-month high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its earnings results 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. The company had revenue of $23.08 billion during the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities research analysts expect that Lowe’s Companies, Inc. will post 12.48 earnings per share 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. Stockholders of record on Wednesday, July 22nd will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s 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.