10,939 Lowe’s Companies, Inc. $LOW Shares Acquired by Glenview Trust Co

Glenview Trust Co increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,328 shares of the home improvement retailer’s stock after buying an additional 10,939 shares during the period. Glenview Trust Co’s holdings in Lowe’s Companies were worth $44,474,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Soltis Investment Advisors LLC raised its holdings in shares of Lowe’s Companies by 156.7% in the third quarter. Soltis Investment Advisors LLC now owns 7,259 shares of the home improvement retailer’s stock worth $1,338,000 after acquiring an additional 4,431 shares during the last quarter. Everett Harris & Co. CA boosted its stake in shares of Lowe’s Companies by 3.6% during the third quarter. Everett Harris & Co. CA now owns 2,151 shares of the home improvement retailer’s stock valued at $396,000 after acquiring an additional 75 shares during the last quarter. United Asset Strategies Inc. boosted its stake in shares of Lowe’s Companies by 4.7% during the third quarter. United Asset Strategies Inc. now owns 7,851 shares of the home improvement retailer’s stock valued at $1,447,000 after acquiring an additional 356 shares during the last quarter. Interchange Capital Partners LLC increased its position in Lowe’s Companies by 50.9% during the 3rd quarter. Interchange Capital Partners LLC now owns 1,503 shares of the home improvement retailer’s stock worth $277,000 after purchasing an additional 507 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in Lowe’s Companies in the 3rd quarter valued at about $40,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on LOW. UBS Group decreased their price target on shares of Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Stifel Nicolaus cut their price objective on shares of Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating for the company in a research report on Monday. Truist Financial decreased their target price on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. Weiss Ratings cut shares of Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Lowe’s Companies in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company 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. Lowe’s Companies, Inc. has a 52 week low of $178.45 and a 52 week high of $293.06. The company has a market cap of $117.36 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.73 and a beta of 0.89. The business has a fifty day simple moving average of $196.23 and a 200-day simple moving average of $226.43.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share 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 business had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same period in the previous year, the company posted $4.33 EPS. The company’s revenue 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. As a group, analysts expect that Lowe’s Companies, Inc. will post 12.25 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared 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 of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.27%.

About Lowe’s Companies

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.