Buffalo Business & Estate Services Ltd. Makes New $5.15 Million Investment in Lowe’s Companies, Inc. $LOW

Buffalo Business & Estate Services Ltd. bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,340 shares of the home improvement retailer’s stock, valued at approximately $5,146,000. Lowe’s Companies makes up 0.7% of Buffalo Business & Estate Services Ltd.’s portfolio, making the stock its 26th largest holding.

Several other hedge funds also recently made changes to their positions in LOW. Sunburst Financial Group LLC raised its stake in shares of Lowe’s Companies by 3.5% during the fourth quarter. Sunburst Financial Group LLC now owns 1,300 shares of the home improvement retailer’s stock valued at $314,000 after acquiring an additional 44 shares during the last quarter. Leo Wealth LLC acquired a new position in Lowe’s Companies during the 4th quarter worth about $395,000. Elwood & Goetz Wealth Advisory Group LLC grew its position in shares of Lowe’s Companies by 1.9% in the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 2,694 shares of the home improvement retailer’s stock valued at $650,000 after buying an additional 50 shares during the last quarter. Walkner Condon Financial Advisors LLC increased its stake in shares of Lowe’s Companies by 4.3% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer’s stock valued at $228,000 after buying an additional 39 shares during the period. Finally, Runnymede Capital Advisors Inc. bought a new stake in Lowe’s Companies in the fourth quarter valued at approximately $3,344,000. 74.06% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Marvin R. Ellison sold 18,000 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the transaction, the chief executive officer directly owned 231,043 shares in the company, valued at $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on LOW. Truist Financial decreased their price objective on shares of Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. UBS Group cut their price target on Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Barclays raised shares of Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 target price for the company in a research report on Wednesday, January 7th. Wells Fargo & Company boosted their price objective on Lowe’s Companies from $280.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Finally, Sanford C. Bernstein reduced their target price on shares of Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Twenty-two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $289.24.

Lowe’s Companies Stock Up 0.2%

Lowe’s Companies stock opened at $231.44 on Monday. The firm has a 50 day moving average price of $258.28 and a 200-day moving average price of $250.68. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $293.06. The company has a market capitalization of $129.62 billion, a P/E ratio of 19.53, a P/E/G ratio of 5.02 and a beta of 0.97.

Lowe’s Companies (NYSE:LOW) last issued its quarterly 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. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The firm had revenue of $20.59 billion for the quarter, compared to analysts’ expectations of $20.34 billion. During the same quarter in the prior year, the firm earned $1.93 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Equities analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm 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 $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 40.51%.

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.