Smith Chas P & Associates PA Cpas Invests $5.75 Million in Lowe’s Companies, Inc. $LOW

Smith Chas P & Associates PA Cpas purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,852 shares of the home improvement retailer’s stock, valued at approximately $5,752,000.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management grew its position in shares of Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 51 shares during the last quarter. OLD Second National Bank of Aurora grew its position in shares of 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 acquiring an additional 42 shares during the last quarter. United Financial Planning Group LLC bought a new position in shares of Lowe’s Companies during the third quarter worth about $31,000. Triumph Capital Management bought a new position in shares of Lowe’s Companies during the third quarter worth about $34,000. Finally, Guerra Advisors Inc bought a new position in shares of Lowe’s Companies during the third quarter worth about $35,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 2.4%

LOW stock opened at $217.17 on Thursday. The company has a market capitalization of $121.63 billion, a P/E ratio of 18.36, a PEG ratio of 4.60 and a beta of 0.91. The company has a 50-day simple moving average of $233.26 and a 200 day simple moving average of $247.70. Lowe’s Companies, Inc. has a fifty-two week low of $208.00 and a fifty-two week high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. 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 prior year, the company earned $2.92 EPS. Lowe’s Companies’s revenue was up 10.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities analysts anticipate that Lowe’s Companies, Inc. will post 12.5 EPS for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio is presently 40.57%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LOW shares. JPMorgan Chase & Co. reduced their price objective on shares of Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. William Blair started coverage on shares of Lowe’s Companies in a report on Tuesday, May 12th. They issued an “overweight” rating for the company. BNP Paribas Exane reduced their price objective on shares of Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating for the company in a report on Thursday, May 21st. Rothschild & Co Redburn upped their price objective on shares of Lowe’s Companies from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, UBS Group reduced their price objective on shares of Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Company Profile

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.