Moran Wealth Management LLC Has $15.84 Million Position in Lowe’s Companies, Inc. $LOW

Moran Wealth Management LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 67,054 shares of the home improvement retailer’s stock after purchasing an additional 2,497 shares during the period. Moran Wealth Management LLC’s holdings in Lowe’s Companies were worth $15,844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Natixis Advisors LLC raised its stake in shares of Lowe’s Companies by 3.5% in the fourth quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer’s stock worth $152,161,000 after acquiring an additional 21,119 shares during the last quarter. Bridges Investment Management Inc. grew its stake in shares of Lowe’s Companies by 6.1% during the fourth quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer’s stock valued at $107,664,000 after purchasing an additional 25,609 shares during the last quarter. Glenview Trust Co grew its stake in shares of Lowe’s Companies by 9.0% during the fourth quarter. Glenview Trust Co now owns 207,797 shares of the home improvement retailer’s stock valued at $50,112,000 after purchasing an additional 17,225 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Lowe’s Companies by 2.3% in the fourth quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock valued at $239,552,000 after purchasing an additional 22,175 shares in the last quarter. Finally, Econ Financial Services Corp increased its holdings in shares of Lowe’s Companies by 26.2% in the first quarter. Econ Financial Services Corp now owns 19,974 shares of the home improvement retailer’s stock valued at $4,719,000 after purchasing an additional 4,147 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LOW shares. KGI Securities began coverage on shares of Lowe’s Companies in a research report on Tuesday, March 10th. They issued a “neutral” rating and a $255.00 price objective for the company. William Blair assumed coverage on Lowe’s Companies in a research report on Tuesday, May 12th. They issued an “overweight” rating on the stock. Wells Fargo & Company lowered their target price on Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Telsey Advisory Group dropped their target price on Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Finally, Stifel Nicolaus cut their price target on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. 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. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

Insider Activity

In other news, EVP Margrethe R. Vagell sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the transaction, the executive vice president directly owned 20,220 shares in the company, valued at $4,525,842.60. This trade represents a 11.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Juliette Williams Pryor sold 9,330 shares of Lowe’s Companies stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the sale, the executive vice president directly owned 16,142 shares of the company’s stock, valued at approximately $3,628,883.02. This trade represents a 36.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,980 shares of company stock valued at $5,796,937 in the last 90 days. 0.29% of the stock is owned by company insiders.

Lowe’s Companies Price Performance

LOW opened at $227.26 on Friday. The company has a market cap of $127.43 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 2.87 and a beta of 0.86. The firm has a 50 day simple moving average of $221.70 and a 200 day simple moving average of $243.78. Lowe’s Companies, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same period in the prior year, the business posted $2.92 earnings per share. Lowe’s Companies’s revenue was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, analysts expect that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently declared 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 an increase 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 dividend on an annualized basis and a dividend yield of 2.2%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.27%.

Lowe’s Companies 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.