Citizens National Bank Trust Department Increases Stock Holdings in Lowe’s Companies, Inc. $LOW

Citizens National Bank Trust Department lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,275 shares of the home improvement retailer’s stock after buying an additional 175 shares during the quarter. Lowe’s Companies makes up about 1.2% of Citizens National Bank Trust Department’s holdings, making the stock its 24th largest position. Citizens National Bank Trust Department’s holdings in Lowe’s Companies were worth $6,052,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LOW. Fairway Wealth LLC acquired a new stake in shares of Lowe’s Companies in the first quarter valued at approximately $32,000. Olistico Wealth LLC acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth approximately $33,000. Inlight Wealth Management LLC purchased a new stake in Lowe’s Companies in the 1st quarter valued at approximately $36,000. TruNorth Capital Management LLC acquired a new stake in Lowe’s Companies during the 1st quarter valued at $38,000. Finally, JNBA Financial Advisors grew its holdings in Lowe’s Companies by 147.1% during the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after buying an additional 100 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president directly owned 30,099 shares of the company’s stock, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the sale, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. The trade was a 27.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is owned by company insiders.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $239.58 on Wednesday. The firm has a market capitalization of $134.36 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 2.24 and a beta of 0.88. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $287.01. The company has a 50 day moving average price of $254.37 and a 200 day moving average price of $234.34.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. Lowe’s Companies’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be paid a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio is currently 39.44%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LOW shares. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Thursday, August 21st. Sanford C. Bernstein boosted their target price on shares of Lowe’s Companies from $266.00 to $279.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Wolfe Research began coverage on shares of Lowe’s Companies in a report on Wednesday, September 17th. They issued an “outperform” rating on the stock. Barclays set a $267.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. Finally, Truist Financial boosted their price objective on shares of Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Seventeen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $283.83.

About Lowe’s Companies

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.