Lowe's Companies, Inc. $LOW Shares Newly Acquired by NBT Bank N.A.

Key Points

• NBT Bank acquired 87,711 Lowe’s shares during the third quarter, valued at approximately $16.2 million, making Lowe’s its 18th-largest portfolio position. Institutional investors and hedge funds collectively own 74.06% of the company.
• Lowe’s reported quarterly EPS of $4.40, beating estimates of $4.22, while revenue rose 8.3% year over year to $25.96 billion but fell short of expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $254.29.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 2.4% yield, with a payout ratio of 42.27%.

NBT Bank N.A. bought a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 87,711 shares of the home improvement retailer's stock, valued at approximately $16,164,000. Lowe's Companies makes up 1.1% of NBT Bank N.A.'s portfolio, making the stock its 18th largest position.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in Lowe's Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer's stock worth $8,939,928,000 after purchasing an additional 714,092 shares in the last quarter. State Street Corp lifted its stake in Lowe's Companies by 3.6% during the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer's stock worth $5,584,873,000 after purchasing an additional 880,815 shares during the period. Bank of New York Mellon Corp lifted its stake in Lowe's Companies by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 4,104,782 shares of the home improvement retailer's stock worth $905,063,000 after purchasing an additional 57,167 shares during the period. Amundi lifted its stake in Lowe's Companies by 57.3% during the second quarter. Amundi now owns 2,892,868 shares of the home improvement retailer's stock worth $637,848,000 after purchasing an additional 1,053,237 shares during the period. Finally, Swiss National Bank lifted its stake in Lowe's Companies by 7.1% during the first quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer's stock worth $388,992,000 after purchasing an additional 109,520 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Stock Up 3.9%

Shares of Lowe's Companies stock opened at $204.30 on Friday. The stock has a market capitalization of $114.62 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 1.64 and a beta of 0.89. The company has a 50-day simple moving average of $197.89 and a 200 day simple moving average of $213.72. 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 announced its quarterly 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. Lowe's Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The firm had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. The firm's quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $4.33 EPS. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, equities analysts anticipate that Lowe's Companies, Inc. will post 12.26 earnings per share for the current year.

Lowe's Companies Announces Dividend

The company 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 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe's Companies's dividend payout ratio is currently 42.27%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LOW shares. Citigroup decreased their price objective on Lowe's Companies from $267.00 to $260.00 and set a "buy" rating on the stock in a report on Thursday, August 20th. Gordon Haskett cut Lowe's Companies from a "buy" rating to a "hold" rating and set a $200.00 target price for the company. in a report on Thursday, September 24th. Mizuho dropped their target price on Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating for the company in a report on Thursday, August 20th. Morgan Stanley restated an "overweight" rating on shares of Lowe's Companies in a research report on Thursday, August 20th. Finally, TD Cowen reaffirmed a "hold" rating and issued a $235.00 price target on shares of Lowe's Companies in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $254.29.

Lowe's Companies Profile

Lowe's Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.

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