Mendel Money Management Sells 355 Shares of Lowe’s Companies, Inc. $LOW

Mendel Money Management reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,930 shares of the home improvement retailer’s stock after selling 355 shares during the quarter. Lowe’s Companies accounts for about 2.0% of Mendel Money Management’s holdings, making the stock its 13th largest holding. Mendel Money Management’s holdings in Lowe’s Companies were worth $4,422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LOW. Brighton Jones LLC boosted its holdings in shares of Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after acquiring an additional 259 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Lowe’s Companies by 5.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 100,174 shares of the home improvement retailer’s stock worth $23,442,000 after acquiring an additional 4,846 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in shares of Lowe’s Companies by 6.7% in the 1st quarter. Avidian Wealth Enterprises LLC now owns 2,214 shares of the home improvement retailer’s stock worth $516,000 after acquiring an additional 139 shares during the last quarter. Finally, Argent Advisors Inc. bought a new stake in shares of Lowe’s Companies in the 1st quarter worth approximately $222,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Up 0.2%

Lowe’s Companies stock opened at $244.19 on Wednesday. The firm has a market cap of $136.95 billion, a P/E ratio of 20.07, a P/E/G ratio of 2.26 and a beta of 0.88. The firm has a 50-day moving average of $254.26 and a 200-day moving average of $236.02. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $280.64.

Lowe’s Companies (NYSE:LOW) last announced its 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 company had revenue of $23.96 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s payout ratio is currently 39.44%.

Insider Activity at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction dated 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 in the company, valued at $18,145,891.60. This represents a 39.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 92,931 shares of company stock worth $24,945,752 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LOW. DA Davidson boosted their price objective on shares of Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. Guggenheim reiterated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 21st. Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. Robert W. Baird lifted their price objective on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Lowe’s Companies in a report on Wednesday, October 8th. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $282.59.

Lowe’s Companies 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.