Runnymede Capital Advisors Inc. Acquires New Stake in Lowe’s Companies, Inc. $LOW

Runnymede Capital Advisors Inc. bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,865 shares of the home improvement retailer’s stock, valued at approximately $3,344,000. Lowe’s Companies makes up approximately 1.9% of Runnymede Capital Advisors Inc.’s investment portfolio, making the stock its 14th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the company. TruWealth Advisors LLC increased its position in shares of Lowe’s Companies by 2.7% during the 3rd quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock valued at $397,000 after purchasing an additional 42 shares during the period. Cypress Wealth Services LLC raised its stake in shares of Lowe’s Companies by 2.0% in the 3rd quarter. Cypress Wealth Services LLC now owns 2,191 shares of the home improvement retailer’s stock worth $551,000 after buying an additional 42 shares in the last quarter. Hidden Cove Wealth Management LLC lifted its holdings in shares of Lowe’s Companies by 4.6% in the third quarter. Hidden Cove Wealth Management LLC now owns 960 shares of the home improvement retailer’s stock valued at $241,000 after buying an additional 42 shares during the period. First Pacific Financial lifted its holdings in shares of Lowe’s Companies by 1.7% in the fourth quarter. First Pacific Financial now owns 2,544 shares of the home improvement retailer’s stock valued at $613,000 after buying an additional 42 shares during the period. Finally, Bernard Wealth Management Corp. boosted its stake in Lowe’s Companies by 1.0% during the fourth quarter. Bernard Wealth Management Corp. now owns 4,335 shares of the home improvement retailer’s stock valued at $1,045,000 after buying an additional 43 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the transaction, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by insiders.

Lowe’s Companies Stock Up 0.2%

Shares of Lowe’s Companies stock opened at $231.44 on Monday. The stock’s fifty day moving average is $258.28 and its 200-day moving average is $250.68. The firm has a market capitalization of $129.62 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 5.02 and a beta of 0.97. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. The business had revenue of $20.59 billion during the quarter, compared to analyst estimates of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.Lowe’s Companies’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the company posted $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.51%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LOW shares. Piper Sandler reaffirmed an “overweight” rating and set a $300.00 target price (up from $294.00) on shares of Lowe’s Companies in a report on Thursday, February 26th. Royal Bank Of Canada upped their price target on shares of Lowe’s Companies from $252.00 to $257.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Gordon Haskett reduced their price objective on shares of Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Wells Fargo & Company lifted their price objective on shares of Lowe’s Companies from $280.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Finally, Wolfe Research dropped their target price on shares of Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Twenty-two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $289.24.

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.