Cullinan Associates Inc. Sells 4,353 Shares of Lowe’s Companies, Inc. $LOW

Cullinan Associates Inc. reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 7.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 57,334 shares of the home improvement retailer’s stock after selling 4,353 shares during the period. Lowe’s Companies comprises 1.0% of Cullinan Associates Inc.’s holdings, making the stock its 27th largest position. Cullinan Associates Inc.’s holdings in Lowe’s Companies were worth $12,642,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Swiss RE Ltd. bought a new stake in Lowe’s Companies in the fourth quarter valued at approximately $25,000. Wilkerson Advisory Group LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $27,000. Sankala Group LLC bought a new stake in Lowe’s Companies in the 4th quarter valued at $33,000. Triumph Capital Management bought a new stake in Lowe’s Companies in the 3rd quarter valued at $34,000. Finally, IAG Wealth Partners LLC lifted its holdings in Lowe’s Companies by 178.6% during the 1st quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW stock opened at $208.20 on Friday. The stock has a market capitalization of $116.74 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 2.77 and a beta of 0.86. The business’s fifty day moving average price is $215.10 and its two-hundred day moving average price is $230.79. Lowe’s Companies, Inc. has a fifty-two week low of $199.40 and a fifty-two week high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping analysts’ consensus estimates of $4.22 by $0.18. The company had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Research analysts expect that Lowe’s Companies, Inc. will post 12.26 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on LOW. BNP Paribas Exane reduced their price objective on shares of Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating for the company in a research report on Thursday, May 21st. KeyCorp restated an “overweight” rating and set a $275.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 20th. Robert W. Baird reduced their target price on shares of Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Jefferies Financial Group decreased their price target on shares of Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Stifel Nicolaus lowered their price target on shares of Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $258.53.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total transaction of $559,575.00. Following the transaction, the executive vice president owned 20,220 shares in the company, valued at $4,525,842.60. This represents a 11.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the transaction, the executive vice president owned 39,785 shares in the company, valued at approximately $8,828,291.50. The trade was a 26.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is owned by company insiders.

Lowe’s Companies Company Profile

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.