Mattern Capital Management LLC Has $11.85 Million Stake in Lowe’s Companies, Inc. $LOW

Mattern Capital Management LLC increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 53,392 shares of the home improvement retailer’s stock after acquiring an additional 605 shares during the period. Lowe’s Companies accounts for 1.4% of Mattern Capital Management LLC’s holdings, making the stock its 9th largest position. Mattern Capital Management LLC’s holdings in Lowe’s Companies were worth $11,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Vertex Planning Partners LLC boosted its stake in Lowe’s Companies by 2.9% in the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock valued at $369,000 after buying an additional 44 shares in the last quarter. Quadcap Wealth Management LLC boosted its stake in Lowe’s Companies by 0.5% in the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock valued at $2,189,000 after buying an additional 46 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in Lowe’s Companies by 0.8% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer’s stock valued at $1,357,000 after buying an additional 47 shares in the last quarter. Fielder Capital Group LLC boosted its stake in Lowe’s Companies by 5.9% in the 1st quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer’s stock valued at $202,000 after buying an additional 48 shares in the last quarter. Finally, Zullo Investment Group Inc. boosted its stake in Lowe’s Companies by 1.1% in the 1st quarter. Zullo Investment Group Inc. now owns 4,542 shares of the home improvement retailer’s stock valued at $1,059,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LOW. Citigroup decreased their price target on Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. 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. Oppenheimer boosted their price objective on Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Royal Bank Of Canada boosted their price objective on Lowe’s Companies from $243.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 21st. Finally, Guggenheim reissued a “buy” rating and issued a $300.00 price objective 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 assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $285.50.

Insider Transactions at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 929 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the transaction, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the transaction, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,931 shares of company stock worth $24,945,752 in the last ninety days. 0.27% of the stock is currently owned by insiders.

Lowe’s Companies Stock Performance

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

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.09. The business 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 for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a $1.20 dividend. The ex-dividend date 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%.

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.