Executive VP Juliette Pryor Sold A Bunch Of Shares In Lowe's Companies
Lowe's Companies, Inc. LOW | 0.00 |
We wouldn't blame Lowe's Companies, Inc. (NYSE:LOW) shareholders if they were a little worried about the fact that Juliette Pryor, the Executive VP recently netted about US$2.1m selling shares at an average price of US$225. That's a big disposal, and it decreased their holding size by 38%, which is notable but not too bad.
Lowe's Companies Insider Transactions Over The Last Year
In fact, the recent sale by Juliette Pryor was the biggest sale of Lowe's Companies shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$222. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
In total, Lowe's Companies insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
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Does Lowe's Companies Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Lowe's Companies insiders own 0.1% of the company, currently worth about US$142m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Lowe's Companies Tell Us?
An insider sold Lowe's Companies shares recently, but they didn't buy any. Despite some insider buying, the longer term picture doesn't make us feel much more positive. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example, Lowe's Companies has 3 warning signs (and 1 which doesn't sit too well with us) we think you should know about.
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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
