31,228 Lowe’s Companies, Inc. $LOW Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% in the third quarter, HoldingsChannel.com reports. The firm owned 1,225,199 shares of the home improvement retailer’s stock after selling 31,228 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Lowe’s Companies were worth $225,792,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LOW. Nykredit A S purchased a new stake in Lowe’s Companies in the second quarter valued at $42,217,000. Kathmere Capital Management LLC increased its holdings in Lowe’s Companies by 133.9% in the 1st quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer’s stock worth $2,222,000 after acquiring an additional 5,383 shares in the last quarter. First Citizens Bank & Trust Co. lifted its position in shares of Lowe’s Companies by 31.8% in the third quarter. First Citizens Bank & Trust Co. now owns 24,068 shares of the home improvement retailer’s stock valued at $4,435,000 after acquiring an additional 5,804 shares in the last quarter. Glenview Trust Co grew its holdings in shares of Lowe’s Companies by 4.9% during the second quarter. Glenview Trust Co now owns 230,389 shares of the home improvement retailer’s stock worth $50,798,000 after buying an additional 10,735 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Lowe’s Companies by 21.3% in the second quarter. Tidal Investments LLC now owns 144,891 shares of the home improvement retailer’s stock valued at $31,947,000 after purchasing an additional 25,448 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW stock opened at $209.18 on Monday. Lowe’s Companies, Inc. has a 12 month low of $178.45 and a 12 month high of $293.06. The company’s 50 day simple moving average is $196.23 and its 200-day simple moving average is $226.43. The firm has a market capitalization of $117.36 billion, a PE ratio of 17.68, a P/E/G ratio of 1.75 and a beta of 0.81.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS 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 company had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter in the previous year, the business earned $4.33 EPS. The firm’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, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.25 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LOW shares. Stifel Nicolaus cut their price objective on Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating for the company in a research report on Monday, October 26th. DA Davidson reiterated a “neutral” rating and set a $245.00 price target on shares of Lowe’s Companies in a report on Wednesday, August 19th. Evercore set a $190.00 price target on Lowe’s Companies in a report on Tuesday, October 6th. Piper Sandler reduced their target price on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a report on Thursday, August 13th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $231.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $253.48.

Lowe’s Companies Profile

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.