Lowe’s Companies, Inc. $LOW Shares Acquired by Glenview Trust co

Glenview Trust co increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.4% during the second quarter, HoldingsChannel reports. The fund owned 175,808 shares of the home improvement retailer’s stock after buying an additional 10,574 shares during the period. Lowe’s Companies comprises approximately 0.7% of Glenview Trust co’s investment portfolio, making the stock its 29th biggest holding. Glenview Trust co’s holdings in Lowe’s Companies were worth $39,007,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth $1,773,624,000. Tableaux LLC acquired a new stake in shares of Lowe’s Companies in the second quarter valued at about $282,884,000. Laurel Wealth Advisors LLC boosted its holdings in Lowe’s Companies by 22,167.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock worth $229,041,000 after buying an additional 1,027,683 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Lowe’s Companies by 49.0% during the first quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock worth $438,751,000 after buying an additional 618,775 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Lowe’s Companies by 26.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,358,118 shares of the home improvement retailer’s stock worth $523,196,000 after buying an additional 491,005 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $246.18 on Thursday. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $274.98. The company has a market capitalization of $138.10 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 4.02 and a beta of 0.96. The stock has a fifty day moving average of $238.71 and a two-hundred day moving average of $238.84.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The business had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. Lowe’s Companies’s payout ratio is 39.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LOW shares. TD Cowen reduced their price target on shares of Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Royal Bank Of Canada reduced their price objective on Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a report on Thursday, November 20th. Argus decreased their target price on Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. DA Davidson dropped their price target on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Finally, Guggenheim reaffirmed a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $274.88.

About Lowe’s Companies

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.