Bank of New York Mellon Corp Purchases 201,803 Shares of Lowe’s Companies, Inc. $LOW

Bank of New York Mellon Corp lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,047,615 shares of the home improvement retailer’s stock after purchasing an additional 201,803 shares during the period. Bank of New York Mellon Corp’s holdings in Lowe’s Companies were worth $956,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LOW. Swiss RE Ltd. bought a new position in Lowe’s Companies during the fourth quarter worth about $25,000. Wilkerson Advisory Group LLC bought a new stake in Lowe’s Companies in the fourth quarter valued at approximately $27,000. OLD Second National Bank of Aurora raised its stake in Lowe’s Companies by 52.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 42 shares during the period. Sankala Group LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $33,000. Finally, Triumph Capital Management acquired a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $34,000. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LOW has been the topic of a number of recent analyst reports. Citigroup raised Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 target price on the stock in a report on Tuesday, May 12th. Weiss Ratings downgraded Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Bank of America reduced their price objective on shares of Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. BTIG Research downgraded shares of Lowe’s Companies to a “reduce” rating in a report on Tuesday, May 12th. Finally, Oppenheimer dropped their price objective on shares of Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a research report on Monday, May 18th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Price Performance

LOW stock opened at $209.44 on Thursday. The stock has a market capitalization of $117.44 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 2.62 and a beta of 0.86. The business’s fifty day moving average price is $217.75 and its two-hundred day moving average price is $242.00. Lowe’s Companies, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company had revenue of $23.08 billion during the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter in the previous year, the business posted $2.92 earnings per share. Lowe’s Companies’s quarterly revenue was up 10.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Research analysts expect that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s payout ratio is presently 40.57%.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 9,330 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the transaction, the executive vice president owned 16,142 shares in the company, valued at $3,628,883.02. This represents a 36.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the transaction, the executive vice president directly owned 20,220 shares in the company, valued at $4,525,842.60. This represents a 11.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 25,980 shares of company stock valued at $5,796,937 in the last quarter. Company insiders own 0.29% of the company’s stock.

About Lowe’s Companies

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.