Lowe’s Companies, Inc. $LOW Stock Position Increased by Glenview Trust Co

Glenview Trust Co lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 241,328 shares of the home improvement retailer’s stock after purchasing an additional 10,939 shares during the quarter. Glenview Trust Co’s holdings in Lowe’s Companies were worth $44,474,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Juno Financial Group LLC raised its stake in shares of Lowe’s Companies by 0.4% in the 1st quarter. Juno Financial Group LLC now owns 11,889 shares of the home improvement retailer’s stock worth $2,809,000 after buying an additional 43 shares in the last quarter. Livet Wealth LLC boosted its stake in Lowe’s Companies by 4.9% during the first quarter. Livet Wealth LLC now owns 962 shares of the home improvement retailer’s stock valued at $227,000 after buying an additional 45 shares in the last quarter. Spinnaker Trust boosted its stake in Lowe’s Companies by 3.7% during the second quarter. Spinnaker Trust now owns 1,345 shares of the home improvement retailer’s stock valued at $297,000 after buying an additional 48 shares in the last quarter. Roxbury Financial LLC grew its holdings in Lowe’s Companies by 0.8% during the second quarter. Roxbury Financial LLC now owns 6,359 shares of the home improvement retailer’s stock worth $1,402,000 after acquiring an additional 52 shares during the period. Finally, Carson Advisory Inc. grew its holdings in Lowe’s Companies by 1.9% during the first quarter. Carson Advisory Inc. now owns 2,882 shares of the home improvement retailer’s stock worth $681,000 after acquiring an additional 53 shares during the period. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on LOW. Melius Research set a $244.00 price target on shares of Lowe’s Companies in a research report on Tuesday, October 6th. Mizuho reduced their price objective on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. TD Cowen reaffirmed a “hold” rating and issued a $235.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. Telsey Advisory Group dropped their target price on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. Finally, DA Davidson reissued a “neutral” rating and set a $245.00 target price on shares of Lowe’s Companies in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $253.48.

Lowe’s Companies Stock Up 0.9%

LOW stock opened at $209.18 on Friday. The company has a market capitalization of $117.36 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 1.73 and a beta of 0.89. Lowe’s Companies, Inc. has a 12 month low of $178.45 and a 12 month high of $293.06. The firm has a 50 day moving average of $196.23 and a two-hundred day moving average of $226.43.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results 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. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The company had revenue of $25.96 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter last year, the company posted $4.33 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, research analysts expect that Lowe’s Companies, Inc. will post 12.25 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. Lowe’s Companies’s payout ratio is currently 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.