Lowe’s Companies, Inc. $LOW Stock Sold by Cullinan Associates Inc.

Cullinan Associates Inc. cut its position in Lowe’s Companies, Inc. (NYSE:LOW) by 21.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 45,277 shares of the home improvement retailer’s stock after selling 12,057 shares during the period. Cullinan Associates Inc.’s holdings in Lowe’s Companies were worth $8,344,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Markowski Investments purchased a new stake in shares of Lowe’s Companies during the second quarter valued at approximately $33,000. William Mack & Associates Inc. bought a new stake in shares of Lowe’s Companies during the third quarter valued at approximately $31,000. Latitude Advisors LLC purchased a new position in Lowe’s Companies in the 3rd quarter worth approximately $32,000. Legacy Wealth Managment LLC ID raised its holdings in Lowe’s Companies by 219.7% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer’s stock worth $46,000 after acquiring an additional 134 shares during the last quarter. Finally, John Boyer Inc. purchased a new position in Lowe’s Companies in the 3rd quarter worth approximately $36,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW opened at $225.13 on Friday. The stock has a market capitalization of $126.31 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.88 and a beta of 0.81. Lowe’s Companies, Inc. has a 1-year low of $178.45 and a 1-year high of $293.06. The business’s fifty day moving average price is $197.18 and its 200-day moving average price is $225.13.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.22 by $0.18. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The firm had revenue of $25.96 billion for the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter in the prior year, the business earned $4.33 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.25 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.27%.

Analyst Upgrades and Downgrades

A number of research firms have commented on LOW. Guggenheim reissued a “buy” rating and issued a $275.00 target price on shares of Lowe’s Companies in a report on Monday, September 21st. Stifel Nicolaus lowered their price target on Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating on the stock in a report on Monday, October 26th. Citigroup dropped their price objective on Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. Piper Sandler dropped their price objective on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Lowe’s Companies in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $253.48.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels.

Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe’s also provides services such as installation and other project support.

Founded in 1921 in North Wilkesboro, North Carolina, Lowe’s has grown into a major retailer operating across the United States.