Lowe’s Companies, Inc. $LOW Stock: Keybank National Association OH Decreases Holdings

Keybank National Association OH reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 222,174 shares of the home improvement retailer’s stock after selling 6,396 shares during the period. Keybank National Association OH’s holdings in Lowe’s Companies were worth $40,944,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Amundi lifted its stake in shares of Lowe’s Companies by 57.3% in the 2nd 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 period. State Street Corp boosted its position in shares of Lowe’s Companies by 3.6% during the 2nd 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 in the last quarter. BlackRock Inc. grew its stake in Lowe’s Companies by 1.8% during the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after purchasing an additional 714,092 shares during the period. Cullen Capital Management LLC acquired a new stake in Lowe’s Companies during the second quarter worth approximately $139,207,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Lowe’s Companies by 142.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,033,232 shares of the home improvement retailer’s stock worth $244,132,000 after purchasing an additional 607,046 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Trading Down 0.2%

Shares of NYSE LOW opened at $231.52 on Thursday. The firm has a market capitalization of $129.89 billion, a P/E ratio of 18.59, a P/E/G ratio of 1.94 and a beta of 0.81. The firm’s 50-day moving average price is $198.83 and its 200-day moving average price is $224.47. Lowe’s Companies, Inc. has a 1-year low of $178.45 and a 1-year high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its 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. The company had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities research analysts forecast that Lowe’s Companies, Inc. will post 12.26 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio is 42.27%.

More Lowe’s Companies News

Here’s some of the latest news about LOW:

• Positive Sentiment: Exclusive Bilt partnership could broaden customer reach. Lowe’s will connect its products, rewards and home services with Bilt’s platform of more than 8 million members, including a home-maintenance offering. The partnership could help attract customers and encourage repeat purchases. Bilt partnership announcement
• Positive Sentiment: Analyst price targets have moved higher. Bernstein raised its target to $270 from $254 and maintained an Outperform rating; a separate report also noted a JPMorgan target increase. Higher targets signal improved analyst optimism, but do not guarantee share gains. Bernstein rating information JPMorgan price target report
• Neutral Sentiment: Q3 earnings call is scheduled for Nov. 18. The company plans to discuss results at 9 a.m. Eastern, giving investors a near-term event for updates on demand and guidance. Earnings call announcement

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LOW shares. Morgan Stanley reiterated an “overweight” rating on shares of Lowe’s Companies in a report on Thursday, August 20th. Weiss Ratings upgraded Lowe’s Companies from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, November 4th. Melius Research set a $244.00 price target on Lowe’s Companies in a report on Tuesday, October 6th. Evercore set a $190.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, October 6th. Finally, Royal Bank Of Canada reiterated 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 analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $254.74.

Lowe’s Companies 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.