First United Bank & Trust Reduces Position in Lowe’s Companies, Inc. $LOW

First United Bank & Trust decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,871 shares of the home improvement retailer’s stock after selling 207 shares during the period. Lowe’s Companies comprises approximately 1.1% of First United Bank & Trust’s holdings, making the stock its 26th largest position. First United Bank & Trust’s holdings in Lowe’s Companies were worth $3,078,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Lowe’s Companies by 0.4% in the first quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer’s stock worth $12,736,545,000 after buying an additional 230,359 shares in the last quarter. Invesco Ltd. grew its holdings in Lowe’s Companies by 10.6% during the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock valued at $1,214,448,000 after buying an additional 501,154 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Lowe’s Companies by 6.9% during the first quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock valued at $1,192,213,000 after buying an additional 330,701 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Lowe’s Companies by 6.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer’s stock worth $881,406,000 after buying an additional 225,964 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Lowe’s Companies by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,501,740 shares of the home improvement retailer’s stock worth $816,711,000 after acquiring an additional 42,676 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the transaction, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock valued at $24,945,752 over the last ninety days. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LOW. JPMorgan Chase & Co. upped their target price on shares of Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Mizuho lifted their target price on Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Royal Bank Of Canada increased their price target on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, August 21st. KeyCorp raised their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $285.50.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $253.35 on Tuesday. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01. The stock’s fifty day moving average is $252.25 and its two-hundred day moving average is $233.55. The firm has a market capitalization of $142.09 billion, a P/E ratio of 20.82, a PEG ratio of 2.38 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping 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 net margin of 8.20% and a negative return on equity of 52.02%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is currently 39.44%.

Lowe’s Companies Company Profile

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.