NBT Bank N.A. Acquires 87,711 Shares of Lowe’s Companies, Inc. $LOW

NBT Bank N.A. acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 87,711 shares of the home improvement retailer’s stock, valued at approximately $16,164,000. Lowe’s Companies comprises approximately 1.1% of NBT Bank N.A.’s investment portfolio, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Lowe’s Companies by 1.8% during the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after purchasing an additional 714,092 shares during the last quarter. State Street Corp increased its stake in shares of Lowe’s Companies by 3.6% in the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock valued at $5,584,873,000 after buying an additional 880,815 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Lowe’s Companies by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 4,104,782 shares of the home improvement retailer’s stock valued at $905,063,000 after buying an additional 57,167 shares during the last quarter. Amundi raised its holdings in shares of Lowe’s Companies by 57.3% in the second quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after buying an additional 1,053,237 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Lowe’s Companies by 7.1% in the first quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock valued at $388,992,000 after buying an additional 109,520 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. TD Cowen reiterated a “hold” rating and set a $235.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 20th. Weiss Ratings cut shares of Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 17th. Sanford C. Bernstein dropped their target price on shares of Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating for the company in a research note on Wednesday, September 9th. Telsey Advisory Group dropped their target price on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. Finally, Wells Fargo & Company reduced their target price 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. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $254.29.

Lowe’s Companies Stock Performance

Shares of LOW opened at $204.30 on Friday. The business’s fifty day moving average price is $197.89 and its two-hundred day moving average price is $213.72. The firm has a market capitalization of $114.62 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.64 and a beta of 0.89. Lowe’s Companies, Inc. has a 52 week low of $178.45 and a 52 week high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping analysts’ consensus estimates of $4.22 by $0.18. The company had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 12.26 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a $1.25 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.4%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.27%.

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.