Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Raub Brock Capital Management LP

Raub Brock Capital Management LP lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,865 shares of the home improvement retailer’s stock after selling 867 shares during the period. Lowe’s Companies accounts for approximately 3.6% of Raub Brock Capital Management LP’s investment portfolio, making the stock its 19th biggest holding. Raub Brock Capital Management LP’s holdings in Lowe’s Companies were worth $16,284,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Tidemark LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. purchased a new stake in Lowe’s Companies in the fourth quarter valued at $28,000. Transcendent Capital Group LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at $31,000. Stephens Consulting LLC grew its holdings in shares of Lowe’s Companies by 93.3% during the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares during the last quarter. Finally, Keener Financial Planning LLC purchased a new position in shares of Lowe’s Companies during the first quarter worth about $35,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW traded down $0.30 on Friday, hitting $243.81. 1,889,727 shares of the company were exchanged, compared to its average volume of 2,513,320. The business’s fifty day moving average is $236.53 and its 200 day moving average is $234.15. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49. The firm has a market capitalization of $138.93 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.14. The firm had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. Lowe’s Companies’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period last year, the business posted $4.56 EPS. Analysts forecast that Lowe’s Companies, Inc. will post 11.94 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a dividend of $1.15 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 annualized dividend and a yield of 1.89%. The ex-dividend date is Wednesday, October 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is 36.95%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LOW shares. Truist Financial upped their target price on Lowe’s Companies from $265.00 to $269.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Morgan Stanley increased their price objective on Lowe’s Companies from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Wednesday, August 21st. Wedbush reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Wednesday, August 21st. DA Davidson reduced their price target on shares of Lowe’s Companies from $270.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, May 22nd. Finally, UBS Group raised their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Lowe’s Companies presently has an average rating of “Hold” and a consensus price target of $252.83.

About Lowe’s Companies

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.