Huntington National Bank Sells 9,084 Shares of Lowe’s Companies, Inc. $LOW

Huntington National Bank trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,444 shares of the home improvement retailer’s stock after selling 9,084 shares during the period. Huntington National Bank’s holdings in Lowe’s Companies were worth $26,635,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management lifted its stake in shares of Lowe’s Companies by 78.5% in the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 51 shares during the last quarter. United Financial Planning Group LLC bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $31,000. OLD Second National Bank of Aurora lifted its stake in shares of Lowe’s Companies by 52.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 42 shares during the last quarter. Triumph Capital Management bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $34,000. Finally, Guerra Advisors Inc bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $35,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $217.17 on Thursday. Lowe’s Companies, Inc. has a 52-week low of $208.00 and a 52-week high of $293.06. The firm has a market capitalization of $121.63 billion, a P/E ratio of 18.36, a P/E/G ratio of 4.60 and a beta of 0.91. The stock has a 50 day moving average price of $233.26 and a 200 day moving average price of $247.70.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm had revenue of $23.08 billion during the quarter, compared to analyst estimates of $22.98 billion. During the same period last year, the company earned $2.92 EPS. Lowe’s Companies’s quarterly revenue was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.5 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.2%. Lowe’s Companies’s payout ratio is 40.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Robert W. Baird lowered their price objective on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Stifel Nicolaus decreased their price target on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating for the company in a research note on Monday, May 18th. The Goldman Sachs Group decreased their price target on Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Telsey Advisory Group decreased their price target on Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Finally, Raymond James Financial lowered Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Profile

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.