Mesirow Financial Investment Management Inc. Decreases Stock Position in Lowe’s Companies, Inc. $LOW

Mesirow Financial Investment Management Inc. lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 162,901 shares of the home improvement retailer’s stock after selling 437 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Lowe’s Companies were worth $36,143,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nuveen LLC acquired a new position in shares of Lowe’s Companies in the 1st quarter valued at approximately $681,215,000. Pacer Advisors Inc. raised its position in shares of Lowe’s Companies by 2,984.6% in the 1st quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer’s stock valued at $475,339,000 after purchasing an additional 1,971,996 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Lowe’s Companies by 49.0% in the 1st quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock valued at $438,751,000 after purchasing an additional 618,775 shares in the last quarter. Invesco Ltd. raised its position in shares of Lowe’s Companies by 10.6% in the 1st quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock valued at $1,214,448,000 after purchasing an additional 501,154 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Lowe’s Companies by 6.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock valued at $1,192,213,000 after purchasing an additional 330,701 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of recent analyst reports. Barclays set a $267.00 target price on Lowe’s Companies in a research report on Thursday, August 21st. Gordon Haskett raised Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Truist Financial upped their target price on Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. boosted their price target on Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $282.59.

Lowe’s Companies Stock Up 0.5%

Shares of LOW stock opened at $239.66 on Friday. The stock has a 50-day simple moving average of $253.56 and a 200 day simple moving average of $236.17. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $280.64. The stock has a market capitalization of $134.41 billion, a P/E ratio of 19.69, a P/E/G ratio of 2.21 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating 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 business had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. During the same quarter last year, the business posted $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. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

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 given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio is 39.44%.

Insider Activity at Lowe’s Companies

In related news, 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 transaction 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 approximately $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 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 disclosure for this sale is available in the SEC filing. Insiders have sold 92,931 shares of company stock worth $24,945,752 in the last quarter. 0.27% of the stock is owned by corporate insiders.

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.