Huntington National Bank Sells 9,084 Shares of Lowe’s Companies, Inc. $LOW

Huntington National Bank cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,444 shares of the home improvement retailer’s stock after selling 9,084 shares during the period. Huntington National Bank’s holdings in Lowe’s Companies were worth $26,635,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management raised its position in Lowe’s Companies by 78.5% during the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 51 shares in the last quarter. United Financial Planning Group LLC bought a new stake in Lowe’s Companies during the 3rd quarter valued at $31,000. OLD Second National Bank of Aurora raised its position in Lowe’s Companies by 52.5% during 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 purchasing an additional 42 shares in the last quarter. Triumph Capital Management bought a new stake in Lowe’s Companies during the 3rd quarter valued at $34,000. Finally, Guerra Advisors Inc bought a new stake in Lowe’s Companies during the 3rd quarter valued at $35,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $217.17 on Thursday. Lowe’s Companies, Inc. has a 1-year low of $208.00 and a 1-year high of $293.06. The stock’s fifty day moving average price is $233.26 and its 200 day moving average price is $247.70. The company has a market cap of $121.63 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 4.60 and a beta of 0.91.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating 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 analysts’ expectations of $22.98 billion. During the same period last year, the business posted $2.92 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.5 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were paid a $1.20 dividend. The ex-dividend date was Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.2%. Lowe’s Companies’s dividend payout ratio (DPR) is 40.57%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Oppenheimer cut their price target on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Weiss Ratings downgraded Lowe’s Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. HSBC cut their price target on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. BNP Paribas Exane cut their price target on Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating on the stock in a report on Thursday, May 21st. Finally, Raymond James Financial downgraded Lowe’s Companies from a “market perform” rating to a “market perform” rating in a report on Tuesday, May 12th. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Company Profile

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.