Colonial Trust Co SC Sells 2,913 Shares of Lowe’s Companies, Inc. $LOW

Colonial Trust Co SC lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 18.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,952 shares of the home improvement retailer’s stock after selling 2,913 shares during the quarter. Colonial Trust Co SC’s holdings in Lowe’s Companies were worth $3,123,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. OLD Second National Bank of Aurora increased its holdings in Lowe’s Companies by 52.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 42 shares during the period. United Financial Planning Group LLC bought a new stake in Lowe’s Companies in the 3rd quarter valued at $31,000. Triumph Capital Management bought a new stake in Lowe’s Companies in the 3rd quarter valued at $34,000. Financial Life Planners bought a new stake in Lowe’s Companies in the 3rd quarter valued at $36,000. Finally, Ares Financial Consulting LLC bought a new stake in Lowe’s Companies in the 4th quarter valued at $36,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Jefferies Financial Group lowered their price target on shares of Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Raymond James Financial lowered shares of Lowe’s Companies from a “market perform” rating to a “market perform” rating in a report on Tuesday, May 12th. BNP Paribas Exane lowered their price target on shares of Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating on the stock in a report on Thursday, May 21st. Guggenheim boosted their price target on shares of Lowe’s Companies from $280.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, Oppenheimer lowered their price target on shares of Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $221.45 on Friday. Lowe’s Companies, Inc. has a 52 week low of $203.40 and a 52 week high of $293.06. The company’s fifty day moving average is $228.68 and its 200-day moving average is $246.32. The company has a market capitalization of $124.17 billion, a PE ratio of 18.72, a P/E/G ratio of 2.73 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating the consensus estimate of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the previous year, the company earned $2.92 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, analysts forecast that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be paid a $1.25 dividend. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio is presently 40.57%.

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.