Cullen Capital Management LLC Takes $139.21 Million Position in Lowe’s Companies, Inc. $LOW

Cullen Capital Management LLC bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 631,354 shares of the home improvement retailer’s stock, valued at approximately $139,207,000. Cullen Capital Management LLC owned approximately 0.11% of Lowe’s Companies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LOW. Swiss RE Ltd. acquired a new stake in shares of Lowe’s Companies during the fourth quarter valued at about $25,000. Wilkerson Advisory Group LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter worth about $27,000. Sankala Group LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter worth about $33,000. Triumph Capital Management purchased a new position in Lowe’s Companies in the third quarter valued at about $34,000. Finally, Ares Financial Consulting LLC purchased a new position in Lowe’s Companies in the fourth quarter valued at about $36,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $217.02 on Tuesday. The firm’s 50-day moving average is $215.99 and its 200-day moving average is $232.33. Lowe’s Companies, Inc. has a 1 year low of $199.40 and a 1 year high of $293.06. The company has a market cap of $121.69 billion, a P/E ratio of 18.35, a PEG ratio of 2.87 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last announced 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. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the prior year, the firm earned $4.33 EPS. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 12.29 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s payout ratio is currently 42.27%.

Analysts Set New Price Targets

Several research firms have issued reports on LOW. Mizuho dropped their price objective on Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. Truist Financial reduced their target price on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. The Goldman Sachs Group decreased their price target on shares of Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Jefferies Financial Group dropped their price target on shares of Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, BTIG Research cut shares of Lowe’s Companies to a “reduce” rating in a report on Tuesday, May 12th. Twenty-three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $258.53.

Insider Transactions at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 9,330 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the sale, the executive vice president owned 16,142 shares of the company’s stock, valued at approximately $3,628,883.02. This trade represents a 36.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total value of $3,139,885.00. Following the transaction, the executive vice president owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This represents a 26.24% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is currently owned by company insiders.

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.