First National Bank of Omaha Has $8.27 Million Stake in Lowe’s Companies, Inc. $LOW

First National Bank of Omaha increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 34,292 shares of the home improvement retailer’s stock after acquiring an additional 2,399 shares during the period. First National Bank of Omaha’s holdings in Lowe’s Companies were worth $8,274,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in LOW. Swiss RE Ltd. acquired a new stake in Lowe’s Companies in the 4th quarter valued at approximately $25,000. OLD Second National Bank of Aurora grew its holdings in Lowe’s Companies by 52.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 42 shares during the last quarter. United Financial Planning Group LLC acquired a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $31,000. Triumph Capital Management acquired a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $34,000. Finally, Financial Life Planners acquired a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.2%

Shares of LOW stock opened at $220.57 on Friday. The stock has a 50 day moving average of $228.38 and a two-hundred day moving average of $246.14. Lowe’s Companies, Inc. has a 12 month low of $203.40 and a 12 month high of $293.06. The company has a market capitalization of $123.67 billion, a P/E ratio of 18.64, a P/E/G ratio of 2.79 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The company had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter last year, the company earned $2.92 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Sell-side analysts predict that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be given a $1.25 dividend. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio is 40.57%.

Analysts Set New Price Targets

A number of analysts have issued reports on LOW shares. Sanford C. Bernstein lowered their target price on Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. BTIG Research lowered Lowe’s Companies to a “reduce” rating in a report on Tuesday, May 12th. Robert W. Baird lowered their target price on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Benchmark started coverage on Lowe’s Companies in a report on Tuesday, May 12th. They issued a “hold” rating on the stock. Finally, Jefferies Financial Group lowered their target price on Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $264.57.

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.