Texas Bank & Trust Co Has $3.54 Million Position in Lowe’s Companies, Inc. $LOW

Texas Bank & Trust Co grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,969 shares of the home improvement retailer’s stock after purchasing an additional 259 shares during the quarter. Lowe’s Companies makes up approximately 1.4% of Texas Bank & Trust Co’s investment portfolio, making the stock its 17th largest holding. Texas Bank & Trust Co’s holdings in Lowe’s Companies were worth $3,543,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC increased its stake in shares of Lowe’s Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC boosted its stake in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after purchasing an additional 259 shares during the period. Avantax Planning Partners Inc. grew its holdings in Lowe’s Companies by 6.8% in the 1st quarter. Avantax Planning Partners Inc. now owns 1,881 shares of the home improvement retailer’s stock valued at $439,000 after buying an additional 120 shares in the last quarter. Strategic Blueprint LLC increased its position in Lowe’s Companies by 1.6% during the 1st quarter. Strategic Blueprint LLC now owns 5,879 shares of the home improvement retailer’s stock worth $1,371,000 after buying an additional 94 shares during the period. Finally, Whelan Financial increased its position in Lowe’s Companies by 17.0% during the 1st quarter. Whelan Financial now owns 7,672 shares of the home improvement retailer’s stock worth $1,789,000 after buying an additional 1,117 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on LOW. Evercore ISI decreased their price target on shares of Lowe’s Companies from $250.00 to $245.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 14th. DA Davidson increased their target price on shares of Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a research report on Thursday, August 21st. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Barclays set a $267.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada increased their price target on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $282.59.

Lowe’s Companies Trading Down 0.6%

Shares of Lowe’s Companies stock opened at $238.29 on Monday. The company has a market cap of $133.64 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.21 and a beta of 0.88. The company has a 50 day moving average of $253.05 and a 200-day moving average of $236.53. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $280.64.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same period last year, the firm posted $4.10 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. 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 disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is currently 39.44%.

Insiders Place Their Bets

In related news, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the sale, the executive vice president directly owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the transaction, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 92,931 shares of company stock valued at $24,945,752 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.