Lowe’s Companies, Inc. $LOW Stock: Harbour Trust & Investment Management Co Reduces Stake

Harbour Trust & Investment Management Co decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,037 shares of the home improvement retailer’s stock after selling 3,132 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Lowe’s Companies were worth $5,536,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in LOW. Amundi raised its holdings in Lowe’s Companies by 57.3% in the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock worth $637,848,000 after acquiring an additional 1,053,237 shares during the last quarter. State Street Corp raised its position in Lowe’s Companies by 3.6% in the 2nd quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock worth $5,584,873,000 after buying an additional 880,815 shares during the last quarter. BlackRock Inc. raised its position in Lowe’s Companies by 1.8% in the 2nd 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. Cullen Capital Management LLC purchased a new position in Lowe’s Companies in the 2nd quarter worth about $139,207,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Lowe’s Companies by 142.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,033,232 shares of the home improvement retailer’s stock valued at $244,132,000 after acquiring an additional 607,046 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $207.12 on Friday. Lowe’s Companies, Inc. has a one year low of $178.45 and a one year high of $293.06. The stock has a fifty day moving average of $196.40 and a 200 day moving average of $226.74. The stock has a market cap of $116.20 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last announced its earnings results 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. The business had revenue of $25.96 billion for the quarter, compared to analysts’ expectations of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $4.33 earnings per share. 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 12.25 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm 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 is presently 42.27%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LOW. TD Cowen reaffirmed a “hold” rating and set a $235.00 price target on shares of Lowe’s Companies in a report on Thursday, August 20th. Sanford C. Bernstein decreased their price objective on shares of Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating for the company in a report on Wednesday, September 9th. Weiss Ratings cut shares of Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Royal Bank Of Canada restated a “sector perform” rating and set a $231.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 20th. Finally, Stifel Nicolaus dropped their target price on shares of Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $253.48.

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.