Cullen Capital Management LLC Sells 14,258 Shares of Lowe’s Companies, Inc. $LOW

Cullen Capital Management LLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 607,775 shares of the home improvement retailer’s stock after selling 14,258 shares during the period. Lowe’s Companies accounts for about 1.6% of Cullen Capital Management LLC’s portfolio, making the stock its 25th biggest position. Cullen Capital Management LLC’s holdings in Lowe’s Companies were worth $146,571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LOW. Brighton Jones LLC boosted its position in shares of Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Lowe’s Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Lowe’s Companies by 22.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock worth $340,000 after purchasing an additional 280 shares in the last quarter. United Bank boosted its position in shares of Lowe’s Companies by 1.3% during the 2nd quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after purchasing an additional 155 shares in the last quarter. Finally, Schnieders Capital Management LLC. boosted its position in shares of Lowe’s Companies by 13.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock worth $528,000 after purchasing an additional 275 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $220.57 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $293.06. The stock has a market cap of $123.67 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 2.79 and a beta of 0.86. The firm’s 50-day simple moving average is $228.38 and its 200 day simple moving average is $246.14.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The business had revenue of $23.08 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter last year, the firm earned $2.92 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be paid a $1.25 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 annualized dividend and a yield of 2.3%. Lowe’s Companies’s dividend payout ratio (DPR) is 40.57%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LOW shares. Gordon Haskett cut their price objective on shares of Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. UBS Group dropped their price target on shares of Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. JPMorgan Chase & Co. dropped their price target on shares of Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Royal Bank Of Canada dropped their price target on shares of Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 21st. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $275.00 price target on shares of Lowe’s Companies in a research report on Wednesday, May 20th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.