Wealth Enhancement Trust Services Inc. Makes New Investment in Lowe’s Companies, Inc. $LOW

Wealth Enhancement Trust Services Inc. acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 6,125 shares of the home improvement retailer’s stock, valued at approximately $1,477,000.

Several other large investors also recently modified their holdings of the business. Activest Wealth Management increased its position in shares of Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 51 shares during the last quarter. United Financial Planning Group LLC acquired a new position in shares of Lowe’s Companies in the third quarter worth about $31,000. OLD Second National Bank of Aurora lifted its stake in shares of Lowe’s Companies by 52.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 42 shares in the last quarter. Triumph Capital Management acquired a new stake in Lowe’s Companies during the 3rd quarter valued at approximately $34,000. Finally, Guerra Advisors Inc acquired a new stake in Lowe’s Companies during the 3rd quarter valued at approximately $35,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Up 3.8%

LOW opened at $251.62 on Friday. The company’s 50-day moving average price is $252.45 and its 200 day moving average price is $249.68. Lowe’s Companies, Inc. has a fifty-two week low of $210.33 and a fifty-two week high of $293.06. The firm has a market cap of $140.92 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 5.27 and a beta of 0.97.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. The company had revenue of $20.59 billion during the quarter, compared to the consensus estimate of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.Lowe’s Companies’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. Lowe’s Companies’s payout ratio is currently 40.51%.

Analysts Set New Price Targets

Several research firms have issued reports on LOW. Gordon Haskett dropped their price objective on Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Telsey Advisory Group increased their target price on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. The Goldman Sachs Group raised their price target on shares of Lowe’s Companies from $283.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Wolfe Research dropped their price target on shares of Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Finally, Mizuho increased their price objective on shares of Lowe’s Companies from $272.00 to $294.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Twenty-two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $289.24.

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.