NewEdge Advisors LLC Has $20.79 Million Position in Lowe's Companies, Inc. $LOW

Key Points

• NewEdge Advisors LLC increased its holdings in Lowe's Companies, Inc. by 12.6% during the first quarter, now owning 89,135 shares valued at approximately $20.79 million.
• Lowe's reported an EPS of $4.33 for the last quarter, slightly exceeding analyst estimates, with a revenue of $23.96 billion, showing a 1.6% year-over-year increase.
• The company has cut its dividend to $0.012 per share, indicating a 0.0% yield, with a payout ratio of 39.44% as of its latest filing.

NewEdge Advisors LLC grew its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 12.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,135 shares of the home improvement retailer's stock after acquiring an additional 10,007 shares during the period. NewEdge Advisors LLC's holdings in Lowe's Companies were worth $20,789,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wood Tarver Financial Group LLC acquired a new stake in shares of Lowe's Companies during the 4th quarter worth approximately $25,000. Fairway Wealth LLC bought a new position in Lowe's Companies in the first quarter valued at approximately $32,000. Orion Capital Management LLC bought a new stake in shares of Lowe's Companies in the fourth quarter worth $36,000. Inlight Wealth Management LLC bought a new stake in shares of Lowe's Companies in the first quarter worth $36,000. Finally, IFS Advisors LLC lifted its position in shares of Lowe's Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock worth $37,000 after purchasing an additional 60 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Stock Down 1.3%

Shares of LOW traded down $3.60 during mid-day trading on Tuesday, hitting $269.42. 3,120,371 shares of the company's stock were exchanged, compared to its average volume of 3,068,601. Lowe's Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01. The stock's 50-day simple moving average is $239.88 and its 200-day simple moving average is $230.87. The firm has a market cap of $151.10 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.53 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. During the same period last year, the firm earned $4.10 earnings per share. The business's revenue for the quarter was up 1.6% on a year-over-year basis. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be issued a $0.012 dividend. This represents a $0.05 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio (DPR) is currently 39.44%.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, CEO Marvin R. Ellison sold 40,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, the chief executive officer directly owned 249,043 shares of the company's stock, valued at $65,772,256.30. This trade represents a 13.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the transaction, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,121 shares of company stock valued at $13,003,146 in the last ninety days. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LOW has been the topic of several analyst reports. Wells Fargo & Company upped their price target on shares of Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Truist Financial upped their price target on shares of Lowe's Companies from $264.00 to $283.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. UBS Group upped their price target on shares of Lowe's Companies from $300.00 to $325.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Stifel Nicolaus upped their price target on shares of Lowe's Companies from $240.00 to $265.00 and gave the stock a "hold" rating in a research report on Monday, August 18th. Finally, DA Davidson upped their price target on shares of Lowe's Companies from $240.00 to $266.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $284.13.

About Lowe's Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.