Lowe's Companies, Inc. $LOW Shares Sold by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp cut its Lowe’s stake by 8.9% in the second quarter, selling 39,050 shares and retaining 397,454 shares valued at approximately $87.6 million. Institutional investors collectively own 74.06% of the company.
• Lowe’s exceeded quarterly expectations with earnings of $3.03 per share and revenue of $23.08 billion, while revenue increased 10.3% year over year. The company raised its quarterly dividend to $1.25, or $5.00 annually, representing a 2.3% yield.
• Analysts remain moderately bullish, with a consensus “Moderate Buy” rating and an average price target of $262.63 versus the reported share price of $218.19, although several brokerages recently lowered their targets.

Fifth Third Bancorp reduced its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 397,454 shares of the home improvement retailer's stock after selling 39,050 shares during the period. Fifth Third Bancorp owned approximately 0.07% of Lowe's Companies worth $87,635,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LOW. Providence Wealth Advisors LLC boosted its holdings in Lowe's Companies by 0.5% in the 4th quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer's stock valued at $1,959,000 after purchasing an additional 36 shares in the last quarter. Rather & Kittrell Inc. raised its stake in shares of Lowe's Companies by 0.4% during the 4th quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer's stock worth $2,503,000 after buying an additional 38 shares in the last quarter. First Command Advisory Services Inc. raised its stake in shares of Lowe's Companies by 1.3% during the 4th quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer's stock worth $711,000 after buying an additional 38 shares in the last quarter. Smithbridge Asset Management Inc. DE lifted its holdings in shares of Lowe's Companies by 1.1% in the 4th quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer's stock valued at $898,000 after buying an additional 39 shares during the period. Finally, Sumitomo Life Insurance Co. lifted its holdings in shares of Lowe's Companies by 0.6% in the 4th quarter. Sumitomo Life Insurance Co. now owns 6,140 shares of the home improvement retailer's stock valued at $1,481,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Price Performance

Shares of NYSE:LOW opened at $218.19 on Friday. The firm has a market capitalization of $122.34 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 2.79 and a beta of 0.86. The business's 50 day simple moving average is $216.00 and its 200-day simple moving average is $234.87. Lowe's Companies, Inc. has a 12 month low of $199.40 and a 12 month high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.06. The firm had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. Lowe's Companies had a negative return on equity of 67.96% and a net margin of 7.51%.Lowe's Companies's quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the business posted $2.92 EPS. Lowe's Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, equities analysts anticipate that Lowe's Companies, Inc. will post 12.43 earnings per share for the current year.

Lowe's Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders 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%. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Wednesday, July 22nd. Lowe's Companies's dividend payout ratio is currently 42.27%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LOW. Jefferies Financial Group dropped their price objective on Lowe's Companies from $305.00 to $278.00 and set a "buy" rating on the stock in a report on Thursday, May 21st. Oppenheimer reduced their target price on Lowe's Companies from $315.00 to $275.00 and set an "outperform" rating for the company in a report on Monday, May 18th. Truist Financial reduced their target price on Lowe's Companies from $280.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, May 21st. TD Cowen decreased their target price on shares of Lowe's Companies from $280.00 to $235.00 and set a "hold" rating on the stock in a research report on Thursday, May 21st. Finally, DA Davidson reaffirmed a "neutral" rating and set a $275.00 price target on shares of Lowe's Companies in a research note on Wednesday, May 20th. Twenty-three 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $262.63.

Key Stories Impacting Lowe's Companies

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

• Positive Sentiment: Lowe’s is described as trading at its lowest forward price-to-earnings multiple in more than two years. Its status as a Dividend King, along with a recent dividend increase, strengthens the long-term income-investment case. 1 Number That Makes Lowe's Stock an Obvious Buy Before Aug. 19
• Positive Sentiment: Several analysts remain moderately optimistic despite the recent underperformance. Citigroup retained a “buy” rating while lowering its price target to $267 from $285, and Wells Fargo’s reduced target of $245 still implies meaningful upside from recent levels. Citigroup Lowe's Price Target Update
• Positive Sentiment: Investor articles argue that a series of downward Q2 EPS estimate revisions may have lowered expectations and created the potential for a favorable earnings surprise. The longer-term bull case remains tied to Lowe’s brand strength, home-improvement demand and operating potential. Lowe's Q2 EPS Revisions
• Neutral Sentiment: Wall Street projections for the quarter ended July 2026 are focusing on key operating metrics beyond revenue and EPS. The Aug. 19 report is the next major catalyst and could determine the near-term direction of the shares. Insights Into Lowe's Q2 Wall Street Projections
• Neutral Sentiment: Lowe’s has completed a five-year, $100 million hometown revitalization commitment and announced additional community investments. These efforts may support brand reputation but are unlikely to materially affect near-term earnings. Is Lowe's Companies Undervalued As Its Earnings Call Nears?
• Negative Sentiment: Royal Bank of Canada lowered its expectations for Lowe’s, adding to concerns about near-term performance ahead of earnings. The company also faces elevated expectations around its upcoming results despite recent estimate reductions. Royal Bank of Canada Lowe's Expectations

Insider Activity

In other news, EVP Janice Dupre sold 14,150 shares of the firm's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the completion of the transaction, the executive vice president owned 39,785 shares in the company, valued at $8,828,291.50. This trade represents a 26.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of Lowe's Companies stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the transaction, the executive vice president directly owned 20,220 shares of the company's stock, valued at $4,525,842.60. This trade represents a 11.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 25,980 shares of company stock worth $5,796,937 over the last 90 days. 0.29% of the stock is currently owned by corporate insiders.

Lowe's Companies Company 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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