M&T Bank Corp Sells 248,895 Shares of Lowe’s Companies, Inc. $LOW

M&T Bank Corp trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 87.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,526 shares of the home improvement retailer’s stock after selling 248,895 shares during the quarter. M&T Bank Corp’s holdings in Lowe’s Companies were worth $8,809,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in Lowe’s Companies by 102.0% in the third quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock valued at $1,056,585,000 after purchasing an additional 2,122,622 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Lowe’s Companies by 207.2% in the third quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock valued at $517,218,000 after purchasing an additional 1,388,133 shares during the last quarter. Worldquant Millennium Advisors LLC increased its holdings in Lowe’s Companies by 243.2% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock valued at $247,817,000 after purchasing an additional 791,526 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Lowe’s Companies by 101.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,244,941 shares of the home improvement retailer’s stock valued at $312,866,000 after purchasing an additional 626,829 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Lowe’s Companies by 45.5% in the third quarter. Alliancebernstein L.P. now owns 1,899,114 shares of the home improvement retailer’s stock valued at $477,266,000 after purchasing an additional 593,779 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on LOW. Truist Financial dropped their price objective on Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Piper Sandler reiterated an “overweight” rating and issued a $300.00 price objective (up from $294.00) on shares of Lowe’s Companies in a report on Thursday, February 26th. Wells Fargo & Company upped their price objective on Lowe’s Companies from $280.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. DA Davidson reiterated a “neutral” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a report on Thursday, February 26th. Finally, The Goldman Sachs Group upped their price objective on Lowe’s Companies from $283.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $289.24.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $244.27 on Friday. Lowe’s Companies, Inc. has a 1 year low of $210.33 and a 1 year high of $293.06. The business has a 50-day moving average of $248.86 and a two-hundred day moving average of $249.73. The company has a market capitalization of $136.81 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 5.36 and a beta of 0.97.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.04. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The company had revenue of $20.59 billion during the quarter, compared to the consensus estimate of $20.34 billion. During the same period in the prior year, the company earned $1.93 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.61 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio is 40.51%.

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.