10,259 Lowe's Companies, Inc. $LOW Shares Sold by Valley National Advisers Inc.

Key Points

• Valley National Advisers cut its Lowe’s stake by 71.7% in the third quarter, selling 10,259 shares and retaining 4,054 shares valued at approximately $747,000. Institutional investors and hedge funds collectively own 74.06% of Lowe’s stock.
• Wall Street maintains a generally positive view, with Lowe’s holding a “Moderate Buy” consensus rating and an average price target of $254.29, above its reported share price of $198.82.
• Lowe’s exceeded quarterly earnings expectations with adjusted EPS of $4.40 versus the $4.22 consensus, while revenue rose 8.3% year over year to $25.96 billion. The company also declared a quarterly dividend of $1.25 per share, representing a 2.5% annualized yield.

Valley National Advisers Inc. trimmed its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 71.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,054 shares of the home improvement retailer's stock after selling 10,259 shares during the period. Valley National Advisers Inc.'s holdings in Lowe's Companies were worth $747,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Radnor Capital Management LLC boosted its position in Lowe's Companies by 7.9% during the 3rd quarter. Radnor Capital Management LLC now owns 12,037 shares of the home improvement retailer's stock worth $2,218,000 after acquiring an additional 885 shares during the last quarter. Meridian Financial Partners LLC grew its stake in shares of Lowe's Companies by 6.1% during the 3rd quarter. Meridian Financial Partners LLC now owns 1,332 shares of the home improvement retailer's stock worth $261,000 after acquiring an additional 77 shares in the last quarter. MN Wealth Advisors LLC acquired a new stake in shares of Lowe's Companies in the third quarter valued at approximately $327,000. Brucke Financial Inc. raised its holdings in shares of Lowe's Companies by 11.8% in the third quarter. Brucke Financial Inc. now owns 1,310 shares of the home improvement retailer's stock valued at $241,000 after purchasing an additional 138 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Lowe's Companies by 4.8% in the third quarter. Signaturefd LLC now owns 15,570 shares of the home improvement retailer's stock worth $2,869,000 after purchasing an additional 714 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on LOW. Truist Financial reduced their target price on shares of Lowe's Companies from $255.00 to $254.00 and set a "buy" rating for the company in a report on Thursday, August 20th. Citigroup decreased their target price on shares of Lowe's Companies from $267.00 to $260.00 and set a "buy" rating for the company in a research report on Thursday, August 20th. Guggenheim reiterated a "buy" rating and issued a $275.00 price target on shares of Lowe's Companies in a research note on Monday, September 21st. Weiss Ratings cut shares of Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. Finally, KeyCorp restated an "overweight" rating and set a $275.00 price objective on shares of Lowe's Companies in a research note on Thursday, August 20th. One equities 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $254.29.

Lowe's Companies Stock Up 0.1%

NYSE:LOW opened at $198.82 on Monday. The stock's 50 day moving average price is $197.50 and its two-hundred day moving average price is $213.47. The firm has a market capitalization of $111.55 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.66 and a beta of 0.89. Lowe's Companies, Inc. has a 12-month low of $178.45 and a 12-month high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping the consensus estimate of $4.22 by $0.18. Lowe's Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The company had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the company posted $4.33 EPS. The firm's revenue for the quarter was up 8.3% compared to the same quarter last year. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities research analysts expect that Lowe's Companies, Inc. will post 12.26 EPS for the current year.

Lowe's Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.5%. Lowe's Companies's dividend payout ratio (DPR) is currently 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.

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