Riverview Trust Co Sells 791 Shares of Lowe’s Companies, Inc. $LOW

Riverview Trust Co reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 20.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,005 shares of the home improvement retailer’s stock after selling 791 shares during the period. Lowe’s Companies comprises 0.8% of Riverview Trust Co’s investment portfolio, making the stock its 19th largest position. Riverview Trust Co’s holdings in Lowe’s Companies were worth $667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in LOW. Naples Global Advisors LLC grew its holdings in shares of Lowe’s Companies by 0.8% in the second quarter. Naples Global Advisors LLC now owns 8,604 shares of the home improvement retailer’s stock worth $1,909,000 after purchasing an additional 65 shares during the last quarter. Pure Financial Advisors LLC boosted its position in Lowe’s Companies by 829.9% during the 2nd quarter. Pure Financial Advisors LLC now owns 24,567 shares of the home improvement retailer’s stock valued at $5,451,000 after buying an additional 21,925 shares during the period. BSW Wealth Partners grew its holdings in Lowe’s Companies by 2.3% in the 2nd quarter. BSW Wealth Partners now owns 2,583 shares of the home improvement retailer’s stock worth $573,000 after acquiring an additional 57 shares during the last quarter. Community Financial Services Group LLC increased its position in shares of Lowe’s Companies by 2.4% in the second quarter. Community Financial Services Group LLC now owns 20,177 shares of the home improvement retailer’s stock valued at $4,477,000 after acquiring an additional 482 shares during the period. Finally, First Pacific Financial raised its stake in shares of Lowe’s Companies by 147.3% during the second quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock valued at $611,000 after acquiring an additional 1,639 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the transaction, the executive vice president owned 21,603 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of Lowe’s Companies stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president owned 66,566 shares of the company’s stock, valued at $18,145,891.60. The trade was a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,931 shares of company stock valued at $24,945,752. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $248.12 on Thursday. The firm has a market capitalization of $139.16 billion, a P/E ratio of 20.39, a P/E/G ratio of 2.33 and a beta of 0.88. The stock has a 50 day moving average price of $253.13 and a 200-day moving average price of $233.78. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.09. The company had revenue of $23.96 billion for 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%.The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $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 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a $1.20 dividend. 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 dividend payout ratio (DPR) is presently 39.44%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LOW. DA Davidson raised their target price on Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Sanford C. Bernstein increased their price objective on Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Truist Financial lifted their price objective on Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Oppenheimer boosted their target price on Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $285.50.

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.