Modera Wealth Management LLC Sells 10,294 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Modera Wealth Management reduced its Lowe’s stake by 4.1% in the third quarter, selling 10,294 shares and retaining 239,695 shares valued at approximately $44.2 million.
• Lowe’s reported quarterly EPS of $4.40, above the $4.22 consensus estimate, while revenue rose 8.3% year over year to $25.96 billion but fell slightly short of expectations.
• The company declared a quarterly dividend of $1.25 per share, equivalent to a $5.00 annualized payout and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $253.48.

Modera Wealth Management LLC lessened its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 239,695 shares of the home improvement retailer's stock after selling 10,294 shares during the period. 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 hedge funds have also recently added to or reduced their stakes in the company. Nykredit A S acquired a new stake in Lowe's Companies during the 2nd quarter worth $42,217,000. Kathmere Capital Management LLC increased its holdings in Lowe's Companies by 133.9% in the first quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer's stock valued at $2,222,000 after purchasing an additional 5,383 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in Lowe's Companies by 31.8% in the third quarter. First Citizens Bank & Trust Co. now owns 24,068 shares of the home improvement retailer's stock valued at $4,435,000 after buying an additional 5,804 shares during the period. Glenview Trust Co lifted its stake in Lowe's Companies by 4.9% in the second quarter. Glenview Trust Co now owns 230,389 shares of the home improvement retailer's stock valued at $50,798,000 after buying an additional 10,735 shares during the period. Finally, Andra AP fonden boosted its holdings in Lowe's Companies by 14.6% during the second quarter. Andra AP fonden now owns 105,313 shares of the home improvement retailer's stock worth $23,220,000 after buying an additional 13,400 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

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 firm has a market capitalization of $117.36 billion, a P/E ratio of 17.68, a PEG ratio of 1.73 and a beta of 0.89. The business has a fifty day simple moving average of $196.23 and a 200 day simple moving average of $226.43.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter last year, the business posted $4.33 earnings per share. The firm's revenue 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. As a group, sell-side analysts predict that Lowe's Companies, Inc. will post 12.25 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

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

Analyst Upgrades and Downgrades

LOW has been the topic of several research analyst reports. Melius Research set a $244.00 price objective on Lowe's Companies in a research note on Tuesday, October 6th. Telsey Advisory Group dropped their target price on shares of Lowe's Companies from $280.00 to $260.00 and set an "outperform" rating on the stock in a report on Thursday, August 20th. Citigroup dropped their price target on Lowe's Companies from $267.00 to $260.00 and set a "buy" rating on the stock in a research note on Thursday, August 20th. KeyCorp reissued an "overweight" rating and issued a $275.00 price objective on shares of Lowe's Companies in a research report on Thursday, August 20th. Finally, Mizuho dropped their price target on shares of Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating on the stock in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus price target 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.

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