Lowe's Companies, Inc. $LOW Position Lessened by Fragasso Financial Advisors Inc

Key Points

• Fragasso Financial Advisors cut its Lowe’s stake by 49.6% in the third quarter, selling 5,793 shares and retaining 5,875 shares valued at approximately $1.09 million. Institutional investors collectively own 74.06% of the company.
• Analyst sentiment remains generally positive, with Lowe’s holding a “Moderate Buy” consensus rating and an average price target of $254.29, despite several analysts recently lowering their targets or ratings.
• Lowe’s reported quarterly EPS of $4.40, ahead of the $4.22 consensus, while revenue reached $25.96 billion. The company also declared a quarterly dividend of $1.25 per share, equivalent to a 2.6% annualized yield.

Fragasso Financial Advisors Inc decreased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 49.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,875 shares of the home improvement retailer's stock after selling 5,793 shares during the quarter. Fragasso Financial Advisors Inc's holdings in Lowe's Companies were worth $1,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of LOW. Sankala Group LLC bought a new position in Lowe's Companies during the fourth quarter worth $33,000. Markowski Investments acquired a new stake in Lowe's Companies in the second quarter worth $33,000. IAG Wealth Partners LLC increased its stake in Lowe's Companies by 178.6% in the first quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 100 shares in the last quarter. Provenance Wealth Advisors LLC increased its stake in Lowe's Companies by 416.7% in the first quarter. Provenance Wealth Advisors LLC now owns 186 shares of the home improvement retailer's stock valued at $44,000 after purchasing an additional 150 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID increased its stake in Lowe's Companies by 219.7% in the first quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer's stock valued at $46,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LOW shares. Gordon Haskett lowered shares of Lowe's Companies from a "buy" rating to a "hold" rating and set a $200.00 price objective on the stock. in a report on Thursday, September 24th. Citigroup cut their price objective on shares of Lowe's Companies from $267.00 to $260.00 and set a "buy" rating on the stock in a research report on Thursday, August 20th. Truist Financial reduced their target price on Lowe's Companies from $255.00 to $254.00 and set a "buy" rating for the company in a research note on Thursday, August 20th. Weiss Ratings lowered Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. Finally, Mizuho decreased their target price on Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating for the company 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $254.29.

Lowe's Companies Stock Up 1.7%

Shares of NYSE:LOW opened at $188.75 on Wednesday. Lowe's Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06. The stock's 50 day moving average is $201.04 and its 200-day moving average is $215.53. The firm has a market capitalization of $105.90 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.55 and a beta of 0.89.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.22 by $0.18. The business 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 quarter last year, the firm posted $4.33 EPS. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities research analysts anticipate that Lowe's Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe's Companies's dividend payout ratio (DPR) is 42.27%.

About Lowe's Companies

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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