Sen. Shelley Moore Capito Sells Off Shares of Lowe's Companies, Inc. (NYSE:LOW)

Senator Shelley Moore Capito (R-West Virginia) recently sold shares of Lowe's Companies, Inc. NYSE: LOW. In a filing disclosed on January 06th, the Senator disclosed that they had sold between $1,001 and $15,000 in Lowe's Companies stock on December 13th.

Senator Shelley Moore Capito also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of General Electric NYSE: GE on 12/27/2024.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 12/20/2024.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 12/16/2024.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 12/12/2024.
• Purchased $1,001 - $15,000 in shares of Carlisle Companies NYSE: CSL on 10/8/2024.

Lowe's Companies Price Performance

NYSE LOW traded down $3.28 during trading on Tuesday, hitting $246.46. 1,803,478 shares of the company's stock traded hands, compared to its average volume of 2,251,768. The firm has a market cap of $139.16 billion, a P/E ratio of 20.56, a PEG ratio of 2.20 and a beta of 1.11. The stock has a fifty day moving average of $262.43 and a two-hundred day moving average of $252.84. Lowe's Companies, Inc. has a 12-month low of $209.55 and a 12-month high of $287.01.

Lowe's Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.87%. Lowe's Companies's dividend payout ratio (DPR) is 38.37%.

Insider Transactions at Lowe's Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LOW shares. Royal Bank of Canada boosted their price target on Lowe's Companies from $291.00 to $292.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. Stifel Nicolaus raised their price target on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Sanford C. Bernstein boosted their price objective on shares of Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Mizuho raised their target price on shares of Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Finally, Truist Financial reduced their price target on shares of Lowe's Companies from $310.00 to $307.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus target price of $280.85.

Institutional Trading of Lowe's Companies

A number of hedge funds have recently bought and sold shares of the company. StoneX Group Inc. purchased a new stake in shares of Lowe's Companies during the 3rd quarter valued at about $2,713,000. Principal Financial Group Inc. increased its holdings in Lowe's Companies by 4.0% during the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after buying an additional 24,812 shares during the last quarter. HM Payson & Co. raised its position in Lowe's Companies by 1.1% in the third quarter. HM Payson & Co. now owns 215,651 shares of the home improvement retailer's stock worth $58,409,000 after acquiring an additional 2,322 shares during the period. Weiss Asset Management LP purchased a new position in shares of Lowe's Companies during the 3rd quarter worth $16,143,000. Finally, Daymark Wealth Partners LLC grew its position in shares of Lowe's Companies by 12.7% during the 2nd quarter. Daymark Wealth Partners LLC now owns 25,569 shares of the home improvement retailer's stock valued at $5,637,000 after acquiring an additional 2,889 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

About Senator Capito

Shelley Moore Capito (Republican Party) is a member of the U.S. Senate from West Virginia. She assumed office on January 3, 2015. Her current term ends on January 3, 2027. Capito (Republican Party) ran for re-election to the U.S. Senate to represent West Virginia. She won in the general election on November 3, 2020. Capito was first elected to the Senate in 2014, becoming the first female U.S. Senator in the state's history. Prior to serving in the Senate, Capito was a member of the West Virginia House of Representatives from 1997 to 2001 and a member of the United States House of Representatives from 2001 to 2015. At the start of the 116th Congress, Capito was a member of the U.S. Senate committees on Appropriations, Commerce, Science, and Transportation, Environment and Public Works, and Rules and Administration. As of a 2014 analysis of multiple outside rankings, Capito is a more moderate right of center Republican Party vote. As a result, she may break with the Republican Party line more than her fellow members. Capito earned her bachelor's degree from Duke University. After earning her M.Ed. from the University of Virginia, Capito was a college counselor and then director of an educational information center. She was the only Republican in the West Virginia congressional delegation until the 2010 elections and is the first Republican woman elected to Congress from West Virginia. Capito is a former chairwoman of the Congressional Caucus for Women's Issues, as well as a member of the Congressional Arts Caucus. After an explosion responsible for the death of 29 coal workers, Capito founded the Congressional Coal Caucus. Prior to her election to the U.S. House, Capito served in the West Virginia House of Delegates.

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.