Bank of New York Mellon Corp Has $927.46 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

Bank of New York Mellon Corp trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,845,812 shares of the home improvement retailer’s stock after selling 448,964 shares during the period. Bank of New York Mellon Corp’s holdings in Lowe’s Companies were worth $927,456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LOW. Norges Bank acquired a new position in Lowe’s Companies in the 4th quarter worth about $1,993,697,000. Wellington Management Group LLP increased its holdings in Lowe’s Companies by 102.0% in the third quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock worth $1,056,585,000 after buying an additional 2,122,622 shares during the last quarter. Victory Capital Management Inc. raised its position in Lowe’s Companies by 207.2% during the third quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock valued at $517,218,000 after acquiring an additional 1,388,133 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Lowe’s Companies during the fourth quarter valued at approximately $308,683,000. Finally, Vanguard Group Inc. lifted its stake in Lowe’s Companies by 1.7% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Piper Sandler decreased their target price on shares of Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Mizuho reduced their price objective on shares of Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. HSBC decreased their price objective on shares of Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a report on Thursday, May 21st. Jefferies Financial Group lowered their target price on shares of Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, Truist Financial cut their target price on Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Trading Up 0.6%

NYSE LOW opened at $207.79 on Thursday. Lowe’s Companies, Inc. has a 1 year low of $203.40 and a 1 year high of $293.06. The company has a fifty day simple moving average of $231.16 and a 200 day simple moving average of $246.89. The company has a market cap of $116.51 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.61 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.97 by $0.06. The firm had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities research analysts forecast that Lowe’s Companies, Inc. will post 12.5 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed 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 is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. Lowe’s Companies’s dividend payout ratio is presently 40.57%.

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.