MidFirst Bank Makes New Investment in Lowe’s Companies, Inc. $LOW

MidFirst Bank bought a new position in Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,856 shares of the home improvement retailer’s stock, valued at approximately $689,000.

A number of other large investors have also made changes to their positions in LOW. Natixis Advisors LLC raised its stake in shares of Lowe’s Companies by 3.5% during the 4th quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer’s stock worth $152,161,000 after purchasing an additional 21,119 shares in the last quarter. Bridges Investment Management Inc. grew its stake in shares of Lowe’s Companies by 6.1% in the 4th quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer’s stock valued at $107,664,000 after buying an additional 25,609 shares in the last quarter. Glenview Trust Co increased its holdings in Lowe’s Companies by 9.0% in the fourth quarter. Glenview Trust Co now owns 207,797 shares of the home improvement retailer’s stock worth $50,112,000 after buying an additional 17,225 shares during the last quarter. LPL Financial LLC increased its holdings in Lowe’s Companies by 2.3% in the fourth quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock worth $239,552,000 after buying an additional 22,175 shares during the last quarter. Finally, Jefferies Financial Group Inc. raised its position in Lowe’s Companies by 134.3% during the third quarter. Jefferies Financial Group Inc. now owns 56,252 shares of the home improvement retailer’s stock valued at $14,137,000 after acquiring an additional 32,240 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LOW shares. William Blair assumed coverage on shares of Lowe’s Companies in a research note on Tuesday, May 12th. They issued an “overweight” rating for the company. Telsey Advisory Group cut their price target on shares of Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. DA Davidson reiterated a “neutral” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a report on Wednesday, May 20th. Citigroup raised shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 target price on the stock in a research report on Tuesday, May 12th. Finally, Raymond James Financial lowered Lowe’s Companies from a “market perform” rating to a “market perform” rating in a report on Tuesday, May 12th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $264.57.

Lowe’s Companies Trading Down 0.0%

Shares of Lowe’s Companies stock opened at $222.10 on Friday. The firm has a fifty day simple moving average of $227.02 and a 200-day simple moving average of $245.52. Lowe’s Companies, Inc. has a 1-year low of $203.40 and a 1-year high of $293.06. The stock has a market capitalization of $124.53 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 2.81 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The business had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. Lowe’s Companies’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, research analysts predict that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be given a $1.25 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is 40.57%.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, EVP Janice Dupre sold 14,150 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the sale, the executive vice president owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This trade represents a 26.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Juliette Williams Pryor sold 9,330 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the transaction, the executive vice president directly owned 16,142 shares in the company, valued at approximately $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.29% of the company’s stock.

About Lowe’s Companies

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.