Lowe's Companies, Inc. $LOW Stake Cut by AMG National Trust Bank

Key Points

• AMG National Trust Bank reduced its Lowe’s stake by 1.2% in the second quarter, selling 5,377 shares and retaining 434,181 shares valued at approximately $95.7 million. Institutional investors collectively own 74.06% of the company.
• Analysts maintain a generally positive outlook, with 23 Buy, 11 Hold, and 2 Sell ratings, producing a “Moderate Buy” consensus and an average price target of $262.63 versus Lowe’s recent price of $215.67.
• Lowe’s exceeded quarterly earnings and revenue expectations, reporting $3.03 EPS and $23.08 billion in revenue, while raising its quarterly dividend to $1.25 per share, or a 2.3% annualized yield.

AMG National Trust Bank cut its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 434,181 shares of the home improvement retailer's stock after selling 5,377 shares during the quarter. Lowe's Companies comprises approximately 2.0% of AMG National Trust Bank's portfolio, making the stock its 7th largest holding. AMG National Trust Bank owned about 0.08% of Lowe's Companies worth $95,733,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LOW. Providence Wealth Advisors LLC raised its stake in shares of Lowe's Companies by 0.5% during the fourth quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer's stock worth $1,959,000 after purchasing an additional 36 shares during the last quarter. Rather & Kittrell Inc. increased its stake in Lowe's Companies by 0.4% in the 4th quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer's stock valued at $2,503,000 after buying an additional 38 shares during the period. First Command Advisory Services Inc. raised its position in 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 during the last quarter. Smithbridge Asset Management Inc. DE raised its position in Lowe's Companies by 1.1% during the 4th quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer's stock worth $898,000 after buying an additional 39 shares during the last quarter. Finally, Sumitomo Life Insurance Co. lifted its stake 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 worth $1,481,000 after acquiring an additional 39 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Telsey Advisory Group lowered their target price on shares of Lowe's Companies from $295.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, May 21st. Craig Hallum raised shares of Lowe's Companies to a "buy" rating in a report on Tuesday, May 12th. Piper Sandler reduced their price objective on shares of Lowe's Companies from $276.00 to $274.00 and set an "overweight" rating for the company in a research report on Thursday. BNP Paribas Exane lowered their price objective on Lowe's Companies from $228.00 to $202.00 and set an "underperform" rating on the stock in a report on Thursday, May 21st. Finally, Morgan Stanley dropped their target price on Lowe's Companies from $292.00 to $277.00 and set an "overweight" rating on the stock in a research report on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $262.63.

Lowe's Companies Trading Down 1.3%

LOW stock opened at $215.67 on Tuesday. The company's 50-day moving average price is $216.15 and its 200 day moving average price is $234.16. Lowe's Companies, Inc. has a 52 week low of $199.40 and a 52 week high of $293.06. The company has a market cap of $120.93 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.79 and a beta of 0.86.

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

Lowe's Companies Increases Dividend

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

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 9,330 shares of the company's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total value of $2,097,477.30. Following the sale, the executive vice president owned 16,142 shares of the company's stock, valued at $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were 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 owned 20,220 shares in the company, valued at $4,525,842.60. This represents a 11.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is owned by corporate insiders.

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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