Bank of New York Mellon Corp Raises Stock Position in Lowe's Companies, Inc. $LOW

Bank of New York Mellon Corp increased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,104,782 shares of the home improvement retailer's stock after acquiring an additional 57,167 shares during the quarter. Bank of New York Mellon Corp owned about 0.73% of Lowe's Companies worth $905,063,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Lowe's Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock valued at $7,889,000 after acquiring an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Lowe's Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after purchasing an additional 259 shares in the last quarter. Sivia Capital Partners LLC grew its position in Lowe's Companies by 22.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer's stock worth $340,000 after purchasing an additional 280 shares during the last quarter. United Bank grew its position in Lowe's Companies by 1.3% during the 2nd quarter. United Bank now owns 12,124 shares of the home improvement retailer's stock worth $2,690,000 after purchasing an additional 155 shares during the last quarter. Finally, Schnieders Capital Management LLC. increased its stake in Lowe's Companies by 13.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer's stock valued at $528,000 after purchasing an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

Shares of LOW stock opened at $217.72 on Friday. Lowe's Companies, Inc. has a 1-year low of $199.40 and a 1-year high of $293.06. The company has a market cap of $122.08 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 2.85 and a beta of 0.86. The stock has a 50 day simple moving average of $216.13 and a 200-day simple moving average of $233.11.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.22 by $0.18. The business had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. Lowe's Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.33 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Analysts anticipate that Lowe's Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date was Wednesday, July 22nd. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.20. Lowe's Companies's payout ratio is presently 42.27%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LOW. HSBC reduced their target price on Lowe's Companies from $260.00 to $220.00 and set a "hold" rating for the company in a research note on Thursday, May 21st. DA Davidson reissued a "neutral" rating and issued a $245.00 price objective on shares of Lowe's Companies in a report on Wednesday. Weiss Ratings cut Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday. Citigroup decreased their target price on Lowe's Companies from $267.00 to $260.00 and set a "buy" rating for the company in a report on Thursday. Finally, Stifel Nicolaus decreased their target price on Lowe's Companies from $270.00 to $220.00 and set a "hold" rating for the company in a report on Monday, May 18th. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $259.37.

Trending Headlines about Lowe's Companies

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

• Positive Sentiment: Lowe’s reported adjusted EPS of $4.40, ahead of the $4.22 analyst consensus, while revenue increased 8.3% year over year to $25.96 billion. Comparable sales rose 0.2%, broadly matching expectations, and digital and Pro-customer growth provided support. Lowe's Reports Second Quarter 2026 Sales and Earnings Results
• Positive Sentiment: Several analysts remain bullish despite trimming their targets. Telsey Advisory reduced its target to $260 but maintained an “outperform” rating, while Truist, UBS, and KeyCorp retained “buy” or bullish ratings. Analysts cited potential acceleration in comparable sales during the second half and continued strategic progress. Analysts Revise Forecasts on Lowe's After Q2 Earnings
• Neutral Sentiment: Lowe’s received an approximately $80 million tariff refund, improving current-period results, but management said the benefit will not be used for price reductions. Because the refund is a one-time item, investors may place limited value on it for forecasting recurring earnings. Lowe's Received an $80 Million Tariff Refund
• Negative Sentiment: The company reset fiscal 2026 guidance to the low end of its prior range, calling for approximately $92 billion in revenue and $12.25 adjusted EPS, below consensus expectations of roughly $93.3 billion and $12.88 EPS. Management cited persistent weakness in discretionary do-it-yourself spending, elevated mortgage rates, and a soft housing market. Lowe's Gives Muted Outlook
• Negative Sentiment: UBS, Mizuho, and Telsey lowered their price targets following the results, reflecting reduced near-term earnings expectations. Lowe’s also continues to trail Home Depot on comparable-sales momentum, increasing concerns about market-share and product-mix disadvantages. Lowe's Widens the Gap With Home Depot

Insiders Place Their Bets

In other Lowe's Companies news, EVP Margrethe R. Vagell sold 2,500 shares of the business'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 completion of the sale, the executive vice president directly owned 20,220 shares in the company, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total value of $3,139,885.00. Following the transaction, the executive vice president directly owned 39,785 shares of the company's stock, valued at $8,828,291.50. The trade was a 26.24% 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 worth $5,796,937. Corporate insiders own 0.29% of the company's stock.

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.

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