3,132 Lowe’s Companies, Inc. $LOW Shares Sold by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,037 shares of the home improvement retailer’s stock after selling 3,132 shares during the period. Harbour Trust & Investment Management Co’s holdings in Lowe’s Companies were worth $5,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amundi lifted its position in Lowe’s Companies by 57.3% during the second quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after purchasing an additional 1,053,237 shares in the last quarter. State Street Corp grew its holdings in Lowe’s Companies by 3.6% during 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 purchasing an additional 880,815 shares during the period. BlackRock Inc. increased its position in Lowe’s Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after buying an additional 714,092 shares in the last quarter. Cullen Capital Management LLC purchased a new stake in Lowe’s Companies in the second quarter worth about $139,207,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Lowe’s Companies by 142.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,033,232 shares of the home improvement retailer’s stock worth $244,132,000 after buying an additional 607,046 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LOW has been the topic of a number of analyst reports. Telsey Advisory Group lowered their price objective on Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating on the stock in a research report on Thursday, August 20th. Guggenheim reissued a “buy” rating and issued a $275.00 target price on shares of Lowe’s Companies in a report on Monday, September 21st. Wells Fargo & Company reduced their target price on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. Stifel Nicolaus decreased their target price on shares of Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $253.48.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $207.12 on Friday. The stock has a fifty day simple moving average of $196.40 and a two-hundred day simple moving average of $226.74. The firm has a market capitalization of $116.20 billion, a PE ratio of 15.91, a PEG ratio of 1.66 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 announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating the consensus estimate of $4.22 by $0.18. The business had revenue of $25.96 billion for 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 business’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.25 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

Lowe’s Companies Company Profile

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.