Lowe's Companies, Inc. $LOW Holdings Boosted by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors increased its Lowe’s stake by 33.7% in the third quarter, bringing its holdings to 29,209 shares valued at approximately $5.38 million. Institutional investors collectively own 74.06% of the company.
• Analysts maintain a generally positive outlook, with Lowe’s receiving a “Moderate Buy” consensus rating and an average price target of $254.29, despite ratings ranging from Strong Buy to Sell.
• Lowe’s shares opened at $185.96, near their 52-week low, while the company reported quarterly EPS of $4.40—above expectations—and declared a quarterly dividend of $1.25 per share, yielding about 2.7% annually.

Farther Finance Advisors LLC lifted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 33.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,209 shares of the home improvement retailer's stock after purchasing an additional 7,364 shares during the quarter. Farther Finance Advisors LLC's holdings in Lowe's Companies were worth $5,383,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sankala Group LLC purchased a new position in shares of Lowe's Companies during the 4th quarter valued at $33,000. Markowski Investments bought a new position in shares of Lowe's Companies in the 2nd quarter worth $33,000. IAG Wealth Partners LLC increased its holdings in shares of Lowe's Companies by 178.6% in the 1st quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer's stock worth $37,000 after buying an additional 100 shares during the last quarter. Miller Global Investments LLC bought a new position in shares of Lowe's Companies in the 3rd quarter worth $40,000. Finally, Provenance Wealth Advisors LLC raised its position in shares of Lowe's Companies by 416.7% during the 1st quarter. Provenance Wealth Advisors LLC now owns 186 shares of the home improvement retailer's stock valued at $44,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

LOW has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, August 17th. KeyCorp reiterated an "overweight" rating and issued a $275.00 target price on shares of Lowe's Companies in a research report on Thursday, August 20th. Evercore set a $190.00 target price on Lowe's Companies in a research note on Tuesday. Royal Bank Of Canada restated a "sector perform" rating and set a $231.00 price target on shares of Lowe's Companies in a research report on Thursday, August 20th. Finally, Morgan Stanley restated an "overweight" rating on shares of Lowe's Companies in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $254.29.

Lowe's Companies Stock Down 1.5%

NYSE LOW opened at $185.96 on Friday. Lowe's Companies, Inc. has a 52 week low of $178.45 and a 52 week high of $293.06. The company has a 50 day moving average price of $202.16 and a 200 day moving average price of $216.33. The firm has a market cap of $104.33 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.56 and a beta of 0.89.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced 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. The company had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. Lowe's Companies had a net margin of 7.34% and a negative return on equity of 75.67%. Lowe's Companies's revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $4.33 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, equities research analysts anticipate that Lowe's Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.7%. Lowe's Companies's dividend payout ratio is 42.27%.

Lowe's Companies Profile

Lowe's Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.

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