Private Wealth Partners LLC Sells 3,135 Shares of Lowe’s Companies, Inc. $LOW

Private Wealth Partners LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 21.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 11,438 shares of the home improvement retailer’s stock after selling 3,135 shares during the quarter. Private Wealth Partners LLC’s holdings in Lowe’s Companies were worth $2,108,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Markowski Investments acquired a new stake in shares of Lowe’s Companies during the second quarter valued at about $33,000. IAG Wealth Partners LLC raised its stake in shares of Lowe’s Companies by 178.6% in the 1st quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 100 shares during the period. Legacy Wealth Managment LLC ID lifted its holdings in shares of Lowe’s Companies by 219.7% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer’s stock worth $46,000 after acquiring an additional 134 shares during the last quarter. Global Assets Advisory LLC acquired a new position in shares of Lowe’s Companies in the 1st quarter worth approximately $48,000. Finally, Wilkerson Advisory Group LLC lifted its holdings in shares of Lowe’s Companies by 85.1% in the 1st quarter. Wilkerson Advisory Group LLC now owns 211 shares of the home improvement retailer’s stock worth $50,000 after acquiring an additional 97 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW traded down $5.55 during mid-day trading on Friday, hitting $198.82. 2,846,451 shares of the company’s stock were exchanged, compared to its average volume of 3,305,667. The company has a market cap of $111.55 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.71 and a beta of 0.89. Lowe’s Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06. The stock’s 50-day moving average is $197.50 and its 200-day moving average is $213.62.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 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 analyst estimates of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities research 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 announced a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. Lowe’s Companies’s dividend payout ratio is 42.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LOW shares. Sanford C. Bernstein lowered their price objective on shares of Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating for the company in a research report on Wednesday, September 9th. Piper Sandler cut their target price on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. Truist Financial decreased their price target on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Telsey Advisory Group lowered their price target on Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Finally, Mizuho lowered their price target 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 research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $254.29.

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.