Cullen Capital Management LLC Has $130 Million Stock Position in Lowe’s Companies, Inc. $LOW

Cullen Capital Management LLC boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 585,937 shares of the home improvement retailer’s stock after purchasing an additional 41,908 shares during the quarter. Cullen Capital Management LLC owned about 0.10% of Lowe’s Companies worth $130,002,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LOW. Norges Bank acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at approximately $1,773,624,000. Tableaux LLC bought a new position in Lowe’s Companies in the second quarter valued at approximately $282,884,000. Laurel Wealth Advisors LLC raised its position in Lowe’s Companies by 22,167.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock valued at $229,041,000 after purchasing an additional 1,027,683 shares in the last quarter. Worldquant Millennium Advisors LLC raised its position in Lowe’s Companies by 243.2% during the second quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock valued at $247,817,000 after purchasing an additional 791,526 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Lowe’s Companies by 49.0% during the first quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock worth $438,751,000 after purchasing an additional 618,775 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company decreased their price target on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Wolfe Research reduced their price objective on Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. UBS Group lowered their target price on Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Bank of America dropped their target price on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Finally, Argus decreased their price target on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a report on Tuesday, December 2nd. Sixteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $275.92.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $247.20 on Monday. The company has a 50 day simple moving average of $238.74 and a 200 day simple moving average of $239.28. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $274.98. The firm has a market cap of $138.67 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 4.10 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The firm had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.80%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.