21,297 Lowe’s Companies, Inc. $LOW Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 376,157 shares of the home improvement retailer’s stock after selling 21,297 shares during the quarter. Fifth Third Bancorp’s holdings in Lowe’s Companies were worth $69,322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Lowe’s Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after acquiring an additional 714,092 shares during the period. State Street Corp grew its holdings in shares of Lowe’s Companies by 3.6% during 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 purchasing an additional 880,815 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Lowe’s Companies by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 4,104,782 shares of the home improvement retailer’s stock valued at $905,063,000 after purchasing an additional 57,167 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 purchasing an additional 1,053,237 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Lowe’s Companies by 7.1% during the 1st quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock worth $388,992,000 after purchasing an additional 109,520 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LOW. Truist Financial cut their price target on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. UBS Group reduced their price objective on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Melius Research set a $244.00 price objective on Lowe’s Companies in a research note on Tuesday, October 6th. Guggenheim reaffirmed a “buy” rating and issued a $275.00 target price on shares of Lowe’s Companies in a research report on Monday, September 21st. Finally, Sanford C. Bernstein increased their target price on Lowe’s Companies from $254.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $254.74.

More Lowe’s Companies News

These are some of the LOW news items that stood out recently:

• Positive Sentiment: Lowe’s is partnering exclusively with Bilt, connecting its products, rewards and home services to Bilt’s 8 million members through the Bilt app. The expanded loyalty and customer-reach opportunity could support sales. Article: Lowe’s Ties Rewards and Home Services to an 8 Million Member Platform
• Positive Sentiment: Sanford C. Bernstein and JPMorgan Chase raised their price targets on LOW, providing a favorable analyst signal, although the available reports do not specify the new targets. Article: Bernstein Price Target Boost Article: JPMorgan Price Target Bump
• Negative Sentiment: The immediate pressure appears to reflect a pullback after LOW reached its highest level since May and its recent rally stalled. Earnings previews also flag housing-market weakness and cost pressures, while one analysis expects a mixed home-renovation outlook and describes the shares as fairly valued—potential reasons investors may be cautious ahead of results. Article: Bearish Sentiment Could Give Out Ahead of Lowe’s Earnings Article: Lowe’s Q3 Preview

Lowe’s Companies Trading Down 1.7%

LOW opened at $227.66 on Friday. The business’s 50 day moving average is $199.39 and its 200-day moving average is $224.22. The stock has a market cap of $127.73 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. Lowe’s Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the firm posted $4.33 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, analysts forecast that Lowe’s Companies, Inc. will post 12.26 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.2%. Lowe’s Companies’s payout ratio is presently 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.