M&T Bank Corp Boosts Stake in Lowe's Companies, Inc. $LOW

Key Points

• M&T Bank Corp increased its stake in Lowe's by 1.8% in Q4, buying 5,213 shares to hold 290,634 shares worth about $70.09 million, and institutional investors now own roughly 74.06% of the company.
• Lowe's topped estimates in Q4 with EPS of $1.98 vs. $1.94 and revenue of $20.59 billion (up 10.9% YoY), and set FY 2026 guidance of $12.25–$12.75 in EPS versus analysts' expectation of $12.61.
• The company announced a quarterly dividend of $1.20 (annualized $4.80, ~2.1% yield; ex-dividend April 22), while the stock trades with a $130.8B market cap, a P/E of 19.7 and a consensus price target of $289.10 (Moderate Buy).

M&T Bank Corp boosted its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 290,634 shares of the home improvement retailer's stock after buying an additional 5,213 shares during the period. M&T Bank Corp owned 0.05% of Lowe's Companies worth $70,089,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Rather & Kittrell Inc. lifted its holdings in Lowe's Companies by 0.4% during the fourth 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 during the period. Walkner Condon Financial Advisors LLC lifted its holdings in shares of Lowe's Companies by 4.3% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer's stock valued at $228,000 after purchasing an additional 39 shares during the last quarter. Berger Financial Group Inc lifted its holdings in shares of Lowe's Companies by 3.6% during the 4th quarter. Berger Financial Group Inc now owns 1,165 shares of the home improvement retailer's stock valued at $281,000 after purchasing an additional 40 shares during the last quarter. Westfuller Advisors LLC lifted its holdings in shares of Lowe's Companies by 7.0% during the 4th quarter. Westfuller Advisors LLC now owns 629 shares of the home improvement retailer's stock valued at $152,000 after purchasing an additional 41 shares during the last quarter. Finally, DDD Partners LLC lifted its holdings in shares of Lowe's Companies by 2.7% during the 4th quarter. DDD Partners LLC now owns 1,563 shares of the home improvement retailer's stock valued at $377,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

NYSE LOW opened at $233.55 on Monday. The stock's fifty day moving average price is $245.40 and its 200 day moving average price is $249.98. Lowe's Companies, Inc. has a 1 year low of $210.33 and a 1 year high of $293.06. The company has a market cap of $130.80 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 5.07 and a beta of 0.91.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $20.59 billion for the quarter, compared to the consensus estimate of $20.34 billion. During the same period in the prior year, the firm earned $1.93 EPS. The firm's revenue was up 10.9% on a year-over-year basis. Lowe's Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Research analysts expect that Lowe's Companies, Inc. will post 12.61 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 22nd. Lowe's Companies's dividend payout ratio is presently 40.51%.

Wall Street Analysts Forecast Growth

LOW has been the subject of several analyst reports. KGI Securities initiated coverage on Lowe's Companies in a report on Tuesday, March 10th. They set a "neutral" rating and a $255.00 price objective for the company. Mizuho increased their price objective on Lowe's Companies from $272.00 to $294.00 and gave the company an "outperform" rating in a report on Friday, February 27th. Truist Financial decreased their price objective on Lowe's Companies from $295.00 to $293.00 and set a "buy" rating for the company in a report on Thursday, February 26th. DA Davidson reiterated a "neutral" rating and set a $275.00 price objective on shares of Lowe's Companies in a report on Thursday, February 26th. Finally, Wolfe Research decreased their price objective on Lowe's Companies from $285.00 to $284.00 and set an "outperform" rating for the company in a report on Wednesday, February 4th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus price target of $289.10.

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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