6,396 Lowe’s Companies, Inc. $LOW Shares Sold by Keybank National Association OH

Keybank National Association OH lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 222,174 shares of the home improvement retailer’s stock after selling 6,396 shares during the quarter. Keybank National Association OH’s holdings in Lowe’s Companies were worth $40,944,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LOW. BlackRock Inc. raised its holdings in 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 buying an additional 714,092 shares during the last quarter. State Street Corp lifted 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 grew its holdings in shares of Lowe’s Companies by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock valued at $956,371,000 after buying an additional 201,803 shares during the last quarter. Amundi grew its holdings in shares of 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 buying an additional 1,053,237 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Lowe’s Companies by 7.1% during 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 own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LOW. Truist Financial decreased their target price on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Mizuho dropped their price target on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 20th. Telsey Advisory Group dropped their price target on shares of 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. Citigroup cut their price target on Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Finally, Gordon Haskett lowered Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a report on Thursday, September 24th. One investment 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $254.74.

Key Lowe’s Companies News

Investors following LOW have been watching these news items:

• Positive Sentiment: Analysts see potential for an earnings beat. Lowe’s has a +0.59% Earnings ESP, with Pro demand and digital growth cited as supports. Its history of earnings surprises is also highlighted, but the Q3 results have not yet been reported. Earnings preview
• Positive Sentiment: Exclusive Bilt partnership could broaden customer reach. Lowe’s will connect its products, rewards and home services with Bilt’s platform of more than 8 million members, including a home-maintenance offering. The partnership could help attract customers and encourage repeat purchases. Bilt partnership announcement
• Negative Sentiment: Housing weakness and cost pressures could weigh on results. These headwinds may offset Pro demand and digital growth, limiting the likelihood or significance of an earnings beat. Earnings risks

Lowe’s Companies Trading Down 0.2%

NYSE LOW opened at $231.52 on Thursday. The business has a fifty day simple moving average of $198.83 and a 200 day simple moving average of $224.47. Lowe’s Companies, Inc. has a 12 month low of $178.45 and a 12 month high of $293.06. The firm has a market capitalization of $129.89 billion, a P/E ratio of 18.59, a PEG ratio of 1.94 and a beta of 0.81.

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

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were issued a $1.25 dividend. The ex-dividend date was Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc. is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels. Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe’s also provides services such as installation and other project support. Founded in 1921 in North Wilkesboro, North Carolina, Lowe’s has grown into a major retailer operating across the United States.