Vertrix Wealth Management LLC Takes Position in Lowe’s Companies, Inc. $LOW

Vertrix Wealth Management LLC bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 23,122 shares of the home improvement retailer’s stock, valued at approximately $5,463,000. Lowe’s Companies accounts for 2.0% of Vertrix Wealth Management LLC’s investment portfolio, making the stock its 12th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC grew its position in shares of Lowe’s Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after buying an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after acquiring an additional 259 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Lowe’s Companies by 22.3% in the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock valued at $340,000 after acquiring an additional 280 shares in the last quarter. United Bank lifted its stake in Lowe’s Companies by 1.3% in the second quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after acquiring an additional 155 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its stake in Lowe’s Companies by 13.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock worth $528,000 after acquiring an additional 275 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

NYSE:LOW opened at $221.72 on Thursday. The firm’s fifty day moving average price is $222.53 and its 200 day moving average price is $244.03. Lowe’s Companies, Inc. has a 1-year low of $203.40 and a 1-year high of $293.06. The firm has a market cap of $124.32 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 2.78 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. Lowe’s Companies’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, analysts expect that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be given a $1.25 dividend. The ex-dividend date is Wednesday, July 22nd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. Lowe’s Companies’s payout ratio is 40.57%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LOW. HSBC dropped their price objective on shares of Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating on the stock in a research report on Thursday, May 21st. Citigroup upgraded shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 target price on the stock in a research report on Tuesday, May 12th. Benchmark assumed coverage on shares of Lowe’s Companies in a research note on Tuesday, May 12th. They set a “hold” rating for the company. BTIG Research downgraded shares of Lowe’s Companies to a “reduce” rating in a research report on Tuesday, May 12th. Finally, Jefferies Financial Group dropped their price objective on shares of Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

Insider Transactions at Lowe’s Companies

In related news, EVP Janice Dupre sold 14,150 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the transaction, the executive vice president owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This represents a 26.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Margrethe R. Vagell sold 2,500 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the transaction, the executive vice president owned 20,220 shares of the company’s stock, valued at $4,525,842.60. The trade was a 11.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 25,980 shares of company stock valued at $5,796,937. Corporate insiders own 0.29% of the company’s stock.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.