Ascentis Independent Advisors Buys 6,203 Shares of Lowe’s Companies, Inc. $LOW

Ascentis Independent Advisors increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 132.4% during the first quarter, HoldingsChannel reports. The fund owned 10,889 shares of the home improvement retailer’s stock after buying an additional 6,203 shares during the period. Ascentis Independent Advisors’ holdings in Lowe’s Companies were worth $2,573,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in shares of Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC raised its position in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after buying an additional 259 shares during the last quarter. Sivia Capital Partners LLC raised its position in Lowe’s Companies by 22.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock valued at $340,000 after buying an additional 280 shares during the last quarter. United Bank lifted its stake in Lowe’s Companies by 1.3% in the 2nd quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock valued at $2,690,000 after acquiring an additional 155 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its stake in Lowe’s Companies by 13.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock valued at $528,000 after acquiring an additional 275 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Price Performance

LOW stock opened at $227.26 on Monday. Lowe’s Companies, Inc. has a one year low of $203.40 and a one year high of $293.06. The stock 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 company has a fifty day moving average price of $221.70 and a two-hundred day moving average price of $243.74.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion during the quarter, compared to analysts’ expectations of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. Lowe’s Companies’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Research analysts anticipate that Lowe’s Companies, Inc. will post 12.48 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently disclosed 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. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is presently 40.57%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating for the company in a research note on Thursday, May 21st. Truist Financial cut their price objective on shares of Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. JPMorgan Chase & Co. decreased their target price on shares of Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. TD Cowen decreased their target price on shares of Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating for the company in a research report on Thursday, May 21st. Finally, Telsey Advisory Group lowered their price target on shares of Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Insider Activity

In other news, EVP Janice Dupre sold 14,150 shares of the 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 transaction, the executive vice president owned 39,785 shares in the company, valued at approximately $8,828,291.50. This trade represents a 26.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction that occurred 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 sale, the executive vice president directly owned 20,220 shares of the company’s stock, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is 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.