Lowe’s Companies, Inc. $LOW Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 239,695 shares of the home improvement retailer’s stock after selling 10,294 shares during the quarter. Modera Wealth Management LLC’s holdings in Lowe’s Companies were worth $44,173,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Juno Financial Group LLC grew its position in shares of Lowe’s Companies by 0.4% during the first quarter. Juno Financial Group LLC now owns 11,889 shares of the home improvement retailer’s stock valued at $2,809,000 after purchasing an additional 43 shares in the last quarter. Livet Wealth LLC boosted its stake in Lowe’s Companies by 4.9% during the first quarter. Livet Wealth LLC now owns 962 shares of the home improvement retailer’s stock worth $227,000 after buying an additional 45 shares during the period. Spinnaker Trust raised its position in Lowe’s Companies by 3.7% in the 2nd quarter. Spinnaker Trust now owns 1,345 shares of the home improvement retailer’s stock worth $297,000 after purchasing an additional 48 shares during the period. Roxbury Financial LLC increased its stake in Lowe’s Companies by 0.8% in the second quarter. Roxbury Financial LLC now owns 6,359 shares of the home improvement retailer’s stock worth $1,402,000 after purchasing an additional 52 shares during the period. Finally, Carson Advisory Inc. lifted its holdings in Lowe’s Companies by 1.9% during the 1st quarter. Carson Advisory Inc. now owns 2,882 shares of the home improvement retailer’s stock valued at $681,000 after buying an additional 53 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Truist Financial cut their price objective on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Gordon Haskett cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 target price for the company. in a research note on Thursday, September 24th. KeyCorp reaffirmed an “overweight” rating and issued a $275.00 price target on shares of Lowe’s Companies in a report on Thursday, August 20th. Evercore set a $190.00 target price on Lowe’s Companies in a research report on Tuesday, October 6th. Finally, Stifel Nicolaus cut their price target on Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating on the stock in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $253.48.

Lowe’s Companies Trading Up 0.9%

Shares of 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 firm has a 50-day moving average price of $196.23 and a 200 day moving average price of $226.43. The firm has a market capitalization of $117.36 billion, a P/E ratio of 17.68, a P/E/G ratio of 1.73 and a beta of 0.89.

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

Lowe’s Companies Announces Dividend

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

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.