Foster & Motley Inc. Has $4.18 Million Stock Position in Lowe’s Companies, Inc. $LOW

Foster & Motley Inc. cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 14.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,676 shares of the home improvement retailer’s stock after selling 2,923 shares during the period. Foster & Motley Inc.’s holdings in Lowe’s Companies were worth $4,177,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Providence Wealth Advisors LLC lifted its holdings in Lowe’s Companies by 0.5% during 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 purchasing an additional 36 shares during the last quarter. Rather & Kittrell Inc. boosted its position in Lowe’s Companies by 0.4% in the fourth quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer’s stock valued at $2,503,000 after buying an additional 38 shares in the last quarter. First Command Advisory Services Inc. grew its stake in Lowe’s Companies by 1.3% during the fourth quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer’s stock worth $711,000 after buying an additional 38 shares during the last quarter. Walkner Condon Financial Advisors LLC increased its holdings in shares of Lowe’s Companies by 4.3% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer’s stock worth $228,000 after buying an additional 39 shares in the last quarter. Finally, Smithbridge Asset Management Inc. DE increased its holdings 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 buying an additional 39 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.3%

LOW stock opened at $222.04 on Friday. The company has a market cap of $124.50 billion, a P/E ratio of 18.77, a PEG ratio of 2.80 and a beta of 0.86. Lowe’s Companies, Inc. has a twelve month low of $203.40 and a twelve month high of $293.06. The business has a fifty day moving average of $224.70 and a 200-day moving average of $244.72.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.06. The business had revenue of $23.08 billion for the quarter, compared to analysts’ expectations of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be paid a $1.25 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Lowe’s Companies’s payout ratio is 40.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LOW. KGI Securities started coverage on Lowe’s Companies in a report on Tuesday, March 10th. They issued a “neutral” rating and a $255.00 target price on the stock. HSBC dropped their price target on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a report on Thursday, May 21st. Argus lifted their price objective on Lowe’s Companies from $286.00 to $288.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Bank of America reduced their price objective on Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Finally, Oppenheimer lowered their target price on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating for the company in a research note on Monday, May 18th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

Insider Activity

In other news, EVP Juliette Williams Pryor sold 9,330 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total transaction 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. The trade was a 36.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Janice Dupre sold 14,150 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is currently owned by insiders.

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.