Why Has Mather Group LLC Reduced Its Holdings in Lowe's?

February 05, 2025 05:02 AM AEDT | By Team Kalkine Media

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Why Has Mather Group LLC Reduced Its Holdings in Lowe's? — Image source: Shutterstock

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Highlights:

Mather Group LLC reduced its stake in Lowe's Companies, Inc. (NYSE:LOW) by 7.1% during the fourth quarter.
Institutional investors hold a significant portion of the company's shares.
An executive vice president sold a portion of company shares in a recent transaction.

Institutional Stake in Lowe's Companies

Lowe's Companies, Inc. operates in the home improvement sector, offering a range of products for homeowners, contractors, and businesses. Mather Group LLC recently adjusted its position in the company, decreasing its holdings by 7.1% in the fourth quarter. According to regulatory filings, the firm owned 64,098 shares after selling 4,888 shares. At the end of the reporting period, the total value of these holdings stood at approximately $15.8 million.

Other Institutional Changes

Various institutional entities have also adjusted their positions in Lowe's. Welch Group LLC acquired new shares, adding value to its portfolio. Commonwealth Financial Services LLC increased its stake by 20.9% during the fourth quarter, bringing its total holdings to 2,408 shares. Similarly, Rockline Wealth Management LLC expanded its position by 4.7%, now holding 15,156 shares.

Flavin Financial Services Inc. also entered the stock during the fourth quarter, while Calamos Wealth Management LLC raised its holdings by 2.3%. Collectively, institutional investors control approximately 74.06% of the company's outstanding shares.

Recent Executive Transactions

Corporate insiders have also made adjustments to their holdings. Quonta D. Vance, an executive vice president at Lowe's, sold 7,198 shares in a transaction disclosed to regulatory authorities. These shares were sold at an average price of $274.37 per share, resulting in a total transaction value of approximately $1.97 million. Following the sale, the executive retains ownership of 16,703 shares in the company.

Disclosures regarding this transaction were filed with the Securities and Exchange Commission, making the information publicly available. Overall, corporate insiders hold about 0.26% of Lowe's outstanding shares.

Lowe's Companies (NYSE:LOW) continues to attract institutional interest, reflecting ongoing activity in the home improvement sector.

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