Glenview Trust Co Purchases 11,857 Shares of Lowe’s Companies, Inc. $LOW

Glenview Trust Co raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 219,654 shares of the home improvement retailer’s stock after buying an additional 11,857 shares during the period. Lowe’s Companies comprises 0.8% of Glenview Trust Co’s portfolio, making the stock its 27th biggest position. Glenview Trust Co’s holdings in Lowe’s Companies were worth $51,900,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LOW. DUTCH ASSET Corp acquired a new position in shares of Lowe’s Companies in the 1st quarter worth approximately $439,000. Johnson Financial Group Inc. increased its holdings in Lowe’s Companies by 86.6% during the 1st quarter. Johnson Financial Group Inc. now owns 8,003 shares of the home improvement retailer’s stock valued at $1,891,000 after purchasing an additional 3,715 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Lowe’s Companies by 29.2% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 22,831 shares of the home improvement retailer’s stock valued at $5,395,000 after purchasing an additional 5,155 shares during the last quarter. Legacy Wealth Managment LLC ID raised its position in Lowe’s Companies by 219.7% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer’s stock valued at $46,000 after purchasing an additional 134 shares during the last quarter. Finally, Florida Financial Advisors LLC boosted its stake in Lowe’s Companies by 5.9% in the first quarter. Florida Financial Advisors LLC now owns 1,551 shares of the home improvement retailer’s stock worth $367,000 after purchasing an additional 86 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total value of $2,097,477.30. Following the transaction, the executive vice president owned 16,142 shares of the company’s stock, valued at approximately $3,628,883.02. This trade represents a 36.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies 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 sale, the executive vice president owned 20,220 shares of the company’s stock, valued at approximately $4,525,842.60. This represents a 11.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on LOW. William Blair began coverage on Lowe’s Companies in a report on Tuesday, May 12th. They set an “overweight” rating on the stock. BNP Paribas Exane cut their price target on Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating for the company in a report on Thursday, May 21st. Oppenheimer reduced their price target 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. Stifel Nicolaus decreased their price objective on shares of Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Finally, Raymond James Financial cut shares of Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Stock Performance

NYSE LOW opened at $204.76 on Tuesday. The stock has a fifty day moving average of $216.62 and a 200-day moving average of $241.29. The stock has a market capitalization of $114.81 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 2.64 and a beta of 0.86. Lowe’s Companies, Inc. has a 52 week low of $203.40 and a 52 week high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share 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 company had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the previous year, the company posted $2.92 earnings per share. The firm’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. Equities research analysts forecast that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company 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 dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $5.00 annualized dividend 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 dividend payout ratio (DPR) is presently 40.57%.

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.