Raub Brock Capital Management LP Reduces Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Raub Brock Capital Management LP lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 69,485 shares of the home improvement retailer’s stock after selling 3,409 shares during the period. Lowe’s Companies comprises approximately 3.6% of Raub Brock Capital Management LP’s holdings, making the stock its 14th biggest position. Raub Brock Capital Management LP’s holdings in Lowe’s Companies were worth $16,206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Klingenstein Fields & Co. LP grew its holdings in shares of Lowe’s Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock valued at $1,012,000 after purchasing an additional 39 shares in the last quarter. Gen Wealth Partners Inc raised its holdings in Lowe’s Companies by 1.9% in the fourth quarter. Gen Wealth Partners Inc now owns 2,163 shares of the home improvement retailer’s stock worth $534,000 after purchasing an additional 40 shares in the last quarter. Cordatus Wealth Management LLC raised its holdings in Lowe’s Companies by 0.3% in the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock worth $3,705,000 after purchasing an additional 41 shares in the last quarter. O Brien Greene & Co. Inc raised its holdings in Lowe’s Companies by 1.5% in the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer’s stock worth $715,000 after purchasing an additional 42 shares in the last quarter. Finally, FFT Wealth Management LLC grew its stake in shares of Lowe’s Companies by 3.1% during the fourth quarter. FFT Wealth Management LLC now owns 1,377 shares of the home improvement retailer’s stock worth $340,000 after acquiring an additional 42 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 2.9%

Shares of NYSE:LOW opened at $216.99 on Friday. The stock’s 50-day moving average price is $223.77 and its two-hundred day moving average price is $240.11. The firm has a market cap of $121.61 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.96 and a beta of 0.92. Lowe’s Companies, Inc. has a 12-month low of $206.39 and a 12-month high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 21st. The home improvement retailer reported $2.92 EPS for the quarter, beating the consensus estimate of $2.88 by $0.04. The business had revenue of $20.93 billion for the quarter, compared to the consensus estimate of $21.09 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the business posted $3.06 EPS. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a dividend yield of 2.21%. Lowe’s Companies’s payout ratio is 39.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LOW shares. KeyCorp upgraded Lowe’s Companies from a “sector weight” rating to an “overweight” rating and set a $266.00 target price on the stock in a research report on Friday, April 25th. Citigroup reaffirmed a “neutral” rating and set a $253.00 target price (down from $269.00) on shares of Lowe’s Companies in a research note on Wednesday, May 14th. Wells Fargo & Company reduced their target price on Lowe’s Companies from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, May 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $271.12.

Insider Activity

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 1,130 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total value of $257,075.00. Following the sale, the executive vice president now directly owns 31,898 shares in the company, valued at approximately $7,256,795. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies 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.