NewEdge Advisors LLC Has $23.29 Million Stock Holdings in Lowe's Companies, Inc. $LOW

Key Points

• NewEdge Advisors cut its Lowe’s position by 56.9% in the second quarter, selling 139,488 shares and retaining 105,610 shares valued at $23.29 million. Institutional investors collectively own 74.06% of the company.
• Lowe’s reported quarterly EPS of $4.40, beating estimates of $4.22, while revenue rose 8.3% year over year to $25.96 billion but fell slightly short of expectations.
• The stock opened at $196.47, near its 12-month low, while analysts maintain a “Moderate Buy” consensus with an average price target of $257.63. Lowe’s also declared a $1.25 quarterly dividend, equivalent to a 2.5% yield.

NewEdge Advisors LLC decreased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 56.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 105,610 shares of the home improvement retailer's stock after selling 139,488 shares during the quarter. NewEdge Advisors LLC's holdings in Lowe's Companies were worth $23,286,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Swiss RE Ltd. acquired a new stake in shares of Lowe's Companies during the fourth quarter worth approximately $25,000. Wilkerson Advisory Group LLC acquired a new position in shares of Lowe's Companies in the 4th quarter worth approximately $27,000. Sankala Group LLC acquired a new position in shares of Lowe's Companies in the 4th quarter worth approximately $33,000. Triumph Capital Management bought a new stake in Lowe's Companies during the 3rd quarter worth approximately $34,000. Finally, Markowski Investments bought a new stake in Lowe's Companies during the 2nd quarter worth approximately $33,000. Institutional investors own 74.06% of the company's stock.

Insider Buying and Selling at Lowe's Companies

In other news, EVP Juliette Pryor sold 9,330 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the transaction, the executive vice president owned 16,142 shares of the company's stock, valued at $3,628,883.02. This represents a 36.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Janice Dupré sold 14,150 shares of the firm's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the completion of the transaction, the executive vice president owned 39,785 shares in the company, valued at $8,828,291.50. This represents a 26.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is currently owned by insiders.

Lowe's Companies Stock Down 1.1%

Shares of LOW opened at $196.47 on Friday. The stock's fifty day simple moving average is $211.67 and its 200-day simple moving average is $225.24. The firm has a market capitalization of $110.23 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 2.64 and a beta of 0.85. Lowe's Companies, Inc. has a 12-month low of $195.06 and a 12-month high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 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 firm had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same period last year, the company earned $4.33 earnings per share. The company's revenue was up 8.3% on a year-over-year basis. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Analysts anticipate that Lowe's Companies, Inc. will post 12.26 EPS for the current year.

Lowe's Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, October 21st. Lowe's Companies's dividend payout ratio is currently 42.27%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group reduced their price objective on Lowe's Companies from $285.00 to $275.00 and set a "buy" rating on the stock in a research note on Thursday, August 20th. Wells Fargo & Company lowered their target price on Lowe's Companies from $255.00 to $245.00 and set an "overweight" rating for the company in a research note on Tuesday, August 11th. DA Davidson reaffirmed a "neutral" rating and issued a $245.00 price target on shares of Lowe's Companies in a report on Wednesday, August 19th. TD Cowen reiterated a "hold" rating and set a $235.00 price target on shares of Lowe's Companies in a research report on Thursday, August 20th. Finally, Wolfe Research set a $254.00 price objective on shares of Lowe's Companies in a report on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus target price of $257.63.

Lowe's Companies Company Profile

Lowe's Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.

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