Comerica Bank Sells 9,817 Shares of Lowe’s Companies, Inc. $LOW

Comerica Bank decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 172,035 shares of the home improvement retailer’s stock after selling 9,817 shares during the quarter. Comerica Bank’s holdings in Lowe’s Companies were worth $41,488,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Lowe’s Companies by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock valued at $13,560,617,000 after acquiring an additional 924,625 shares in the last quarter. State Street Corp lifted its position in Lowe’s Companies by 0.5% in the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock valued at $6,291,867,000 after acquiring an additional 124,501 shares in the last quarter. Northern Trust Corp lifted its position in Lowe’s Companies by 1.5% in the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock valued at $1,716,467,000 after acquiring an additional 103,827 shares in the last quarter. Invesco Ltd. lifted its position in Lowe’s Companies by 5.2% in the 3rd quarter. Invesco Ltd. now owns 4,830,373 shares of the home improvement retailer’s stock valued at $1,213,921,000 after acquiring an additional 240,123 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position 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 acquiring an additional 463,012 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $244.27 on Monday. The firm has a market cap of $136.81 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 5.31 and a beta of 0.97. Lowe’s Companies, Inc. has a 52 week low of $210.33 and a 52 week high of $293.06. The firm has a 50-day moving average price of $248.86 and a two-hundred day moving average price of $249.89.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.04. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company had revenue of $20.59 billion during the quarter, compared to analyst estimates of $20.34 billion. During the same quarter last year, the business posted $1.93 EPS. Lowe’s Companies’s quarterly 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. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.61 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have commented on LOW. Telsey Advisory Group increased their price objective on shares of Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Morgan Stanley increased their price objective on shares of Lowe’s Companies from $270.00 to $296.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Royal Bank Of Canada increased their price objective on shares of Lowe’s Companies from $252.00 to $257.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. UBS Group decreased their price objective on shares of Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, DA Davidson reiterated a “neutral” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a research note on Thursday, February 26th. Twenty-two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.24.

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.