Lowe’s Companies, Inc. $LOW Shares Sold by Mechanics Financial Corp

Mechanics Financial Corp lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,162 shares of the home improvement retailer’s stock after selling 50 shares during the quarter. Mechanics Financial Corp’s holdings in Lowe’s Companies were worth $923,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of LOW. Fairway Wealth LLC acquired a new stake in shares of Lowe’s Companies in the first quarter valued at about $32,000. Inlight Wealth Management LLC acquired a new stake in shares of Lowe’s Companies in the first quarter valued at about $36,000. TruNorth Capital Management LLC acquired a new stake in shares of Lowe’s Companies in the first quarter valued at about $38,000. JNBA Financial Advisors grew its stake in shares of Lowe’s Companies by 147.1% in the first quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after buying an additional 100 shares in the last quarter. Finally, Vista Cima Wealth Management LLC acquired a new stake in Lowe’s Companies during the 1st quarter valued at approximately $44,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the sale, the executive vice president directly owned 21,603 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this link. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction 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 sale, the executive vice president directly owned 66,566 shares in the company, valued at $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,931 shares of company stock valued at $24,945,752 over the last three months. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Down 0.3%

NYSE:LOW opened at $247.32 on Friday. The business’s 50 day moving average is $253.56 and its two-hundred day moving average is $233.92. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01. The company has a market cap of $138.70 billion, a PE ratio of 20.32, a P/E/G ratio of 2.30 and a beta of 0.88.

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

Lowe’s Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LOW. JPMorgan Chase & Co. raised their price objective on Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Barclays set a $267.00 price objective on Lowe’s Companies in a research note on Thursday, August 21st. Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a research note on Wednesday, August 13th. Truist Financial raised their price objective on Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Finally, Wolfe Research began coverage on Lowe’s Companies in a research note on Wednesday, September 17th. They set an “outperform” rating for the company. 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 stock has an average rating of “Moderate Buy” and a consensus price target of $285.50.

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.