Country Trust Bank Has $30.49 Million Position in Lowe’s Companies, Inc. $LOW

Country Trust Bank increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,447 shares of the home improvement retailer’s stock after purchasing an additional 9,921 shares during the period. Country Trust Bank’s holdings in Lowe’s Companies were worth $30,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Maj Invest Holding A S raised its stake in Lowe’s Companies by 15.7% in the 3rd quarter. Maj Invest Holding A S now owns 802,990 shares of the home improvement retailer’s stock worth $201,801,000 after purchasing an additional 108,813 shares in the last quarter. Bridges Investment Management Inc. raised its holdings in Lowe’s Companies by 13.4% in the 3rd quarter. Bridges Investment Management Inc. now owns 420,832 shares of the home improvement retailer’s stock valued at $105,759,000 after acquiring an additional 49,858 shares in the last quarter. Facet Wealth Inc. acquired a new position in Lowe’s Companies in the 3rd quarter valued at $558,000. Brighton Jones LLC raised its holdings in Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after acquiring an additional 17,413 shares in the last quarter. Finally, National Pension Service raised its holdings in Lowe’s Companies by 2.7% in the 3rd quarter. National Pension Service now owns 1,286,782 shares of the home improvement retailer’s stock valued at $323,381,000 after acquiring an additional 33,686 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on Lowe’s Companies from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Telsey Advisory Group lifted their price objective on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Gordon Haskett dropped their price objective on Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Royal Bank Of Canada boosted their target price on shares of Lowe’s Companies from $252.00 to $257.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. Finally, Argus boosted their target price on shares of Lowe’s Companies from $286.00 to $288.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Twenty-two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average price target of $289.24.

Insider Activity at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $235.28 on Tuesday. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $293.06. The stock has a market capitalization of $131.77 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 5.02 and a beta of 0.97. The stock has a fifty day moving average of $257.43 and a 200-day moving average of $250.45.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, topping 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 company had revenue of $20.59 billion during the quarter, compared to analysts’ expectations of $20.34 billion. During the same quarter in the previous year, the firm earned $1.93 EPS. Lowe’s Companies’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. On average, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s payout ratio is 40.51%.

About Lowe’s Companies

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.