First International Bank & Trust Sells 182 Shares of Lowe’s Companies, Inc. $LOW

First International Bank & Trust reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 12.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,303 shares of the home improvement retailer’s stock after selling 182 shares during the quarter. First International Bank & Trust’s holdings in Lowe’s Companies were worth $289,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Wood Tarver Financial Group LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at $25,000. Fairway Wealth LLC acquired a new stake in Lowe’s Companies during the 1st quarter worth about $32,000. Orion Capital Management LLC bought a new position in shares of Lowe’s Companies in the 4th quarter worth about $36,000. Inlight Wealth Management LLC acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at about $36,000. Finally, IFS Advisors LLC boosted its position in shares of Lowe’s Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 60 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 40,000 shares of the 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 sale, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. This trade represents a 13.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the transaction, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. The trade was a 39.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LOW has been the subject of a number of research analyst reports. Barclays set a $267.00 target price on Lowe’s Companies in a report on Thursday, August 21st. Truist Financial lifted their price objective on shares of Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. 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 note on Thursday, August 21st. JPMorgan Chase & Co. raised their price target on shares of Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Finally, Robert W. Baird upped their price objective on shares of Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $284.13.

Lowe’s Companies Stock Down 0.2%

Shares of NYSE:LOW opened at $271.89 on Monday. The business’s 50 day moving average is $243.26 and its 200 day moving average is $231.63. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $287.01. The stock has a market cap of $152.48 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.52 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. The business had revenue of $23.96 billion during the quarter, compared to analyst estimates of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.Lowe’s Companies’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a dividend of $0.012 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a yield of 0.0%. Lowe’s Companies’s payout ratio is 39.44%.

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.