5,804 Lowe's Companies, Inc. $LOW Shares Purchased by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. increased its Lowe’s stake by 31.8% in the third quarter, acquiring 5,804 shares and bringing its holdings to 24,068 shares valued at approximately $4.44 million. Institutional investors and hedge funds collectively own 74.06% of Lowe’s stock.
• Analysts maintain a generally positive view, with Lowe’s receiving a consensus “Moderate Buy” rating and an average price target of $254.29, despite several firms recently lowering their targets.
• Lowe’s reported quarterly revenue growth of 8.3% year over year and earnings of $4.40 per share, while declaring a quarterly dividend of $1.25 per share, equivalent to a 2.7% annualized yield.

First Citizens Bank & Trust Co. grew its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 31.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 24,068 shares of the home improvement retailer's stock after acquiring an additional 5,804 shares during the period. First Citizens Bank & Trust Co.'s holdings in Lowe's Companies were worth $4,435,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of LOW. Sankala Group LLC acquired a new position in shares of Lowe's Companies in the fourth quarter worth $33,000. Markowski Investments acquired a new position in Lowe's Companies in the second quarter valued at approximately $33,000. IAG Wealth Partners LLC grew its position in shares of Lowe's Companies by 178.6% in the 1st quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 100 shares during the last quarter. Provenance Wealth Advisors LLC lifted its holdings in shares of Lowe's Companies by 416.7% in the 1st quarter. Provenance Wealth Advisors LLC now owns 186 shares of the home improvement retailer's stock valued at $44,000 after purchasing an additional 150 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its stake in Lowe's Companies by 219.7% in the first quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer's stock valued at $46,000 after buying an additional 134 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies News Summary

Here are the key news stories impacting Lowe's Companies this week:

• Positive Sentiment: Lowe’s dividend remains a key attraction. The company has roughly doubled its quarterly payout since 2021, supported by a resilient store network, strong customer relationships and growing exposure to professional contractors. Lowe’s Dividend Sustainability Looks Solid, but Returns Face a Test
• Positive Sentiment: The retailer is investing approximately $542 million in digital and fulfillment capabilities and using its Mylow artificial-intelligence assistant, e-commerce upgrades and extended holiday promotions to improve customer engagement and support sales growth. Lowe’s AI-Driven Holiday Push and E-Commerce Spend Might Change The Case For Investing In Lowe’s Companies (LOW)
• Positive Sentiment: Traeger’s planned Lowe’s rollout in 2027 could provide an additional merchandise and vendor opportunity, although the financial impact is still prospective. Traeger: Waiting For The Lowe's Rollout In 2027

Analysts Set New Price Targets

Several equities analysts recently issued reports on LOW shares. Telsey Advisory Group dropped their price target on Lowe's Companies from $280.00 to $260.00 and set an "outperform" rating on the stock in a research report on Thursday, August 20th. Guggenheim restated a "buy" rating and set a $275.00 target price on shares of Lowe's Companies in a research report on Monday, September 21st. Evercore set a $190.00 price target on Lowe's Companies in a research note on Tuesday, October 6th. TD Cowen reiterated a "hold" rating and set a $235.00 target price on shares of Lowe's Companies in a report on Thursday, August 20th. Finally, Mizuho reduced their price objective on shares of Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating on the stock in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and a consensus price target of $254.29.

Lowe's Companies Price Performance

NYSE:LOW opened at $188.36 on Thursday. The business's 50-day moving average is $200.41 and its two-hundred day moving average is $215.19. The firm has a market capitalization of $105.68 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.58 and a beta of 0.89. Lowe's Companies, Inc. has a 12 month low of $178.45 and a 12 month high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $25.96 billion during the quarter, compared to analysts' expectations of $26.13 billion. During the same quarter in the prior year, the business earned $4.33 EPS. Lowe's Companies's quarterly revenue was up 8.3% compared to the same quarter last year. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities analysts anticipate that Lowe's Companies, Inc. will post 12.26 EPS for the current year.

Lowe's Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, October 21st. Lowe's Companies's dividend payout ratio (DPR) is 42.27%.

About Lowe's Companies

Lowe's Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.

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