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

Cullinan Associates Inc. decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 21.0% during the third quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent quarter.

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

Lowe’s Companies Stock Down 0.9%

Lowe’s Companies stock opened at $225.13 on Friday. The company has a market capitalization of $126.31 billion, a P/E ratio of 19.03, a PEG ratio of 1.88 and a beta of 0.81. The stock’s 50 day moving average is $197.18 and its 200 day moving average is $225.13. Lowe’s Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06.

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

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

Wall Street Analyst Weigh In

Several brokerages have commented on LOW. Wells Fargo & Company lowered their price objective on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a research report on Tuesday, August 11th. TD Cowen reaffirmed a “hold” rating and issued a $235.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 20th. Telsey Advisory Group decreased their price target on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. Morgan Stanley reiterated an “overweight” rating on shares of Lowe’s Companies in a research note on Thursday, August 20th. Finally, Citigroup lowered their price target on shares of Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and two have given 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 $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.