Members Trust Co Invests $473,000 in Lowe's Companies, Inc. $LOW

Key Points

• Members Trust Co has invested approximately $473,000 in Lowe's Companies by purchasing 2,131 shares in the second quarter.
• Insider sales at Lowe's have occurred recently, with EVP Brandon J. Sink selling 8,192 shares for over $2.2 million, indicating a 27.49% decrease in his ownership.
• Lowe's Companies announced a quarterly dividend of $1.20 per share, which will be paid on November 5th, and has a current dividend yield of 2.0%.

Members Trust Co bought a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,131 shares of the home improvement retailer's stock, valued at approximately $473,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in Lowe's Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after acquiring an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Lowe's Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after buying an additional 259 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Lowe's Companies by 15.3% in the first quarter. GAMMA Investing LLC now owns 7,106 shares of the home improvement retailer's stock valued at $1,657,000 after purchasing an additional 944 shares during the last quarter. Valmark Advisers Inc. grew its position in shares of Lowe's Companies by 1.9% in the first quarter. Valmark Advisers Inc. now owns 11,510 shares of the home improvement retailer's stock valued at $2,684,000 after purchasing an additional 211 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of Lowe's Companies by 6.3% in the first quarter. Asset Management One Co. Ltd. now owns 230,982 shares of the home improvement retailer's stock valued at $53,872,000 after purchasing an additional 13,769 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LOW shares. Wolfe Research started coverage on Lowe's Companies in a research report on Wednesday, September 17th. They issued an "outperform" rating on the stock. Piper Sandler upped their target price on Lowe's Companies from $269.00 to $294.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Mizuho upped their target price on Lowe's Companies from $280.00 to $285.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Gordon Haskett upgraded Lowe's Companies to a "hold" rating in a research note on Wednesday, August 13th. Finally, Stifel Nicolaus boosted their price target on Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a research note on Monday, August 18th. Sixteen equities 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $282.91.

Insider Activity at Lowe's Companies

In other news, EVP Brandon J. Sink sold 8,192 shares of the company's stock in a transaction 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 directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. This 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 accessible through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares of the company's stock, valued at $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock valued at $24,945,752 over the last three months. 0.27% of the stock is currently owned by corporate insiders.

Lowe's Companies Trading Up 1.3%

Shares of LOW stock opened at $245.42 on Wednesday. The stock has a 50 day simple moving average of $255.27 and a 200 day simple moving average of $234.99. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $280.64. The stock has a market cap of $137.64 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 2.24 and a beta of 0.88.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $23.96 billion during the quarter, compared to analysts' expectations of $23.99 billion. During the same period in the prior year, the company earned $4.10 earnings per share. The company's quarterly revenue was up 1.6% on a year-over-year basis. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Announces Dividend

The business also recently declared 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. 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 dividend 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.

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