Janney Montgomery Scott LLC Has $73.02 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

Janney Montgomery Scott LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% in the first quarter, Holdings Channel.com reports. The fund owned 309,046 shares of the home improvement retailer’s stock after acquiring an additional 6,832 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Lowe’s Companies were worth $73,022,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Providence Wealth Advisors LLC increased its position 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 period. Rather & Kittrell Inc. lifted its position in shares of Lowe’s Companies by 0.4% in the 4th quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer’s stock worth $2,503,000 after purchasing an additional 38 shares during the period. First Command Advisory Services Inc. lifted its position in shares of Lowe’s Companies by 1.3% in the 4th quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer’s stock worth $711,000 after purchasing an additional 38 shares during the period. Walkner Condon Financial Advisors LLC boosted its stake in shares of Lowe’s Companies by 4.3% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer’s stock valued at $228,000 after purchasing an additional 39 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE boosted its stake in shares of Lowe’s Companies by 1.1% in the 4th quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer’s stock valued at $898,000 after purchasing an additional 39 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LOW has been the subject of a number of analyst reports. Telsey Advisory Group lowered their target price on shares of Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Morgan Stanley cut their price target on shares of Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Jefferies Financial Group dropped their price objective on Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. KGI Securities initiated coverage on Lowe’s Companies in a research note on Tuesday, March 10th. They issued a “neutral” rating and a $255.00 price objective on the stock. Finally, Stifel Nicolaus cut their target price on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $264.57.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 9,330 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $3,628,883.02. The trade was a 36.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of the stock in a transaction dated 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 of the company’s stock, valued at $8,828,291.50. This represents a 26.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 25,980 shares of company stock worth $5,796,937 over the last ninety days. 0.29% of the stock is currently owned by company insiders.

Lowe’s Companies Price Performance

LOW opened at $222.42 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $293.06. The firm has a market capitalization of $124.71 billion, a P/E ratio of 18.80, a PEG ratio of 2.81 and a beta of 0.86. The company’s 50-day moving average is $224.26 and its 200 day moving average is $244.57.

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

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be given a $1.25 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 40.57%.

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.