Lowe's Companies, Inc. $LOW Shares Sold by M&T Bank Corp

Key Points

• M&T Bank trimmed its Lowe's stake by 6.5%, selling 19,682 shares and now holds 285,421 shares (about 0.05% of the company) valued at roughly $71.73 million.
• Institutional ownership is high at 74.06%, with large investors such as Vanguard, State Street, Norges Bank, Invesco and BNY Mellon generally increasing their positions recently.
• Lowe's beat quarterly estimates (EPS $1.98 vs. $1.94; revenue $20.58B, up 10.9%), issued FY2026 guidance of $12.25–$12.75 EPS, and holds a consensus analyst rating of "Moderate Buy" with a $289.76 price target.

M&T Bank Corp lessened its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 285,421 shares of the home improvement retailer's stock after selling 19,682 shares during the quarter. M&T Bank Corp owned approximately 0.05% of Lowe's Companies worth $71,730,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Lowe's Companies by 0.6% during the third quarter. Vanguard Group Inc. now owns 55,306,162 shares of the home improvement retailer's stock valued at $13,898,992,000 after purchasing an additional 329,807 shares in the last quarter. State Street Corp increased its stake in shares of Lowe's Companies by 0.8% during the second quarter. State Street Corp now owns 24,911,775 shares of the home improvement retailer's stock worth $5,527,176,000 after purchasing an additional 207,826 shares in the last quarter. Norges Bank acquired a new position in shares of Lowe's Companies during the 2nd quarter worth about $1,773,624,000. Invesco Ltd. raised its position in shares of Lowe's Companies by 5.2% during the 3rd quarter. Invesco Ltd. now owns 4,830,373 shares of the home improvement retailer's stock worth $1,213,921,000 after purchasing an additional 240,123 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Lowe's Companies by 12.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,294,776 shares of the home improvement retailer's stock valued at $1,079,320,000 after buying an additional 463,012 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

More Lowe's Companies News

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

• Positive Sentiment: Zacks Research raised select longer-term forecasts—notably lifting Q4 2028 and Q4 2027 quarter estimates and publishing a higher FY2029 EPS projection—supporting the view of continued multi-year earnings growth.
• Positive Sentiment: Publications/analysts continue to flag Lowe’s as a dividend/stability name (included among undervalued dividend aristocrat lists), which supports its defensive appeal to income-focused investors. KGI Securities Initiates Coverage on Lowe’s (LOW) with ‘Neutral’ Rating
• Neutral Sentiment: KGI Securities initiated coverage with a 'Neutral' rating—this is not a bullish endorsement and may cap near-term upside until the firm provides a price target or further updates. KGI Securities initiates coverage on Lowe’s (LOW) with 'neutral' rating
• Negative Sentiment: Zacks cut several near-term quarter and fiscal-year EPS estimates (multiple Q1–Q3 2027 and Q1–Q2 2028 entries, and reductions to FY2027/FY2028), which directly pressures short-term profit expectations and investor sentiment.
• Negative Sentiment: Broader market weakness after oil-price/inflation fears drove an S&P 500 selloff—these macro headwinds typically weigh on consumer and renovation spending, adding downward pressure to Lowe’s shares. The S&P 500’s 1.5% Selloff Is Driven By A Few Key Factors
• Negative Sentiment: Sector-level weakness: coverage on The Home Depot highlights a sluggish housing/renovation backdrop and notes that Lowe’s shares have pulled back alongside peers—this competitive/market environment reduces near-term demand for large renovation projects. Home Depot Stock Keeps Falling—Analysts Say the Upside Is Still There

Lowe's Companies Price Performance

LOW opened at $237.67 on Friday. The company's 50 day simple moving average is $268.39 and its two-hundred day simple moving average is $254.17. Lowe's Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $293.06. The firm has a market capitalization of $133.32 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 5.20 and a beta of 0.98.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.04. Lowe's Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The business had revenue of $20.58 billion during the quarter, compared to analyst estimates of $20.34 billion. During the same period in the prior year, the business earned $1.93 earnings per share. The business's revenue was up 10.9% compared to the same quarter last year. Lowe's Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on LOW. Guggenheim boosted their price objective on Lowe's Companies from $280.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Mizuho raised their target price on Lowe's Companies from $272.00 to $294.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. UBS Group lowered their price target on Lowe's Companies from $316.00 to $315.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Wolfe Research dropped their price target on Lowe's Companies from $285.00 to $284.00 and set an "outperform" rating for the company in a research report on Wednesday, February 4th. Finally, HSBC reduced their price objective on Lowe's Companies from $285.00 to $263.00 and set a "hold" rating for the company in a research note on Friday, November 21st. Twenty-one investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus price target of $289.76.

Insider Transactions at Lowe's Companies

In other Lowe's Companies news, CEO Marvin R. Ellison sold 18,000 shares of the company's stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the sale, the chief executive officer directly owned 231,043 shares in the company, valued at $60,341,500.31. This represents a 7.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is currently owned by 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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