OneDigital Investment Advisors LLC Has $4.70 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

OneDigital Investment Advisors LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 64.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,323 shares of the home improvement retailer’s stock after buying an additional 8,347 shares during the period. OneDigital Investment Advisors LLC’s holdings in Lowe’s Companies were worth $4,702,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LOW. Natixis Advisors LLC raised its holdings in Lowe’s Companies by 3.5% in the 4th quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer’s stock valued at $152,161,000 after acquiring an additional 21,119 shares in the last quarter. Bridges Investment Management Inc. grew its holdings in shares of Lowe’s Companies by 6.1% during the 4th quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer’s stock worth $107,664,000 after purchasing an additional 25,609 shares in the last quarter. Kathmere Capital Management LLC grew its holdings in shares of Lowe’s Companies by 133.9% during the 1st quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer’s stock worth $2,222,000 after purchasing an additional 5,383 shares in the last quarter. Glenview Trust Co increased its position in shares of Lowe’s Companies by 9.0% in the fourth quarter. Glenview Trust Co now owns 207,797 shares of the home improvement retailer’s stock worth $50,112,000 after purchasing an additional 17,225 shares during the period. Finally, LPL Financial LLC raised its stake in Lowe’s Companies by 2.3% in the fourth quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock valued at $239,552,000 after purchasing an additional 22,175 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Activity

In related news, EVP Juliette Williams Pryor sold 9,330 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the completion of the sale, the executive vice president owned 16,142 shares of the company’s stock, valued at $3,628,883.02. This trade represents a 36.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Janice Dupre sold 14,150 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 39,785 shares of the company’s stock, valued at approximately $8,828,291.50. This trade represents a 26.24% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on LOW. William Blair started coverage on shares of Lowe’s Companies in a research note on Tuesday, May 12th. They set an “overweight” rating on the stock. Truist Financial dropped their target price on shares of Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. BNP Paribas Exane cut their price target on shares of Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating for the company in a report on Thursday, May 21st. Wells Fargo & Company reduced their price target on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Finally, Oppenheimer lowered their price objective on shares of Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating for the company in a research report on Monday, May 18th. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.63.

Lowe’s Companies Price Performance

LOW stock opened at $215.67 on Tuesday. The stock has a market cap of $120.93 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 2.79 and a beta of 0.86. The company has a 50 day simple moving average of $216.15 and a 200 day simple moving average of $234.16. Lowe’s Companies, Inc. has a 1 year low of $199.40 and a 1 year high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating the consensus estimate of $2.97 by $0.06. The firm had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.43 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd were given a $1.25 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date was Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Lowe’s Companies’s dividend payout ratio is presently 42.27%.

About Lowe’s Companies

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.