4,431 Lowe’s Companies, Inc. $LOW Shares Acquired by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 156.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,259 shares of the home improvement retailer’s stock after buying an additional 4,431 shares during the period. Soltis Investment Advisors LLC’s holdings in Lowe’s Companies were worth $1,338,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Everett Harris & Co. CA lifted its stake in shares of Lowe’s Companies by 3.6% in the 3rd quarter. Everett Harris & Co. CA now owns 2,151 shares of the home improvement retailer’s stock worth $396,000 after purchasing an additional 75 shares during the period. United Asset Strategies Inc. grew its position in Lowe’s Companies by 4.7% during the third quarter. United Asset Strategies Inc. now owns 7,851 shares of the home improvement retailer’s stock valued at $1,447,000 after buying an additional 356 shares during the period. Interchange Capital Partners LLC grew its position in Lowe’s Companies by 50.9% during the third quarter. Interchange Capital Partners LLC now owns 1,503 shares of the home improvement retailer’s stock valued at $277,000 after buying an additional 507 shares during the period. Livelsberger Financial Advisory bought a new stake in Lowe’s Companies during the third quarter valued at approximately $40,000. Finally, Elwood & Goetz Wealth Advisory Group LLC increased its holdings in Lowe’s Companies by 11.6% during the third quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 3,016 shares of the home improvement retailer’s stock valued at $556,000 after buying an additional 313 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Trading Up 0.9%

NYSE LOW opened at $209.18 on Friday. Lowe’s Companies, Inc. has a 12 month low of $178.45 and a 12 month high of $293.06. The stock has a market cap of $117.36 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.73 and a beta of 0.89. The company’s 50 day moving average is $196.23 and its two-hundred day moving average is $226.43.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping analysts’ consensus estimates of $4.22 by $0.18. The business had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.25 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.4%. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LOW shares. DA Davidson reiterated a “neutral” rating and issued a $245.00 price target on shares of Lowe’s Companies in a research report on Wednesday, August 19th. Stifel Nicolaus cut their price objective on shares of Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating for the company in a research report on Monday. Melius Research set a $244.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, October 6th. Evercore set a $190.00 price objective on Lowe’s Companies in a research note on Tuesday, October 6th. Finally, JPMorgan Chase & Co. decreased their target price on Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $253.48.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.