Raub Brock Capital Management LP Decreases Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Raub Brock Capital Management LP cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% in the 1st quarter, Holdings Channel reports. The firm owned 74,732 shares of the home improvement retailer’s stock after selling 3,800 shares during the period. Lowe’s Companies accounts for about 4.0% of Raub Brock Capital Management LP’s holdings, making the stock its 10th largest position. Raub Brock Capital Management LP’s holdings in Lowe’s Companies were worth $19,036,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LOW. Paragon Private Wealth Management LLC boosted its position in Lowe’s Companies by 13.5% in the fourth quarter. Paragon Private Wealth Management LLC now owns 4,880 shares of the home improvement retailer’s stock valued at $1,086,000 after buying an additional 581 shares in the last quarter. ING Groep NV raised its stake in shares of Lowe’s Companies by 18,786.5% during the fourth quarter. ING Groep NV now owns 106,709 shares of the home improvement retailer’s stock valued at $23,748,000 after acquiring an additional 106,144 shares during the last quarter. Clifford Swan Investment Counsel LLC grew its position in shares of Lowe’s Companies by 0.3% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 215,442 shares of the home improvement retailer’s stock valued at $47,947,000 after buying an additional 541 shares during the last quarter. Brevan Howard Capital Management LP increased its position in Lowe’s Companies by 824.6% during the 4th quarter. Brevan Howard Capital Management LP now owns 15,339 shares of the home improvement retailer’s stock valued at $3,414,000 after purchasing an additional 13,680 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Lowe’s Companies by 1.2% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 45,072 shares of the home improvement retailer’s stock worth $10,031,000 after acquiring an additional 540 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW stock traded down $0.41 during midday trading on Tuesday, reaching $213.15. 422,485 shares of the company’s stock traded hands, compared to its average volume of 2,537,882. The firm has a market capitalization of $121.46 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08. The company has a 50-day moving average price of $225.32 and a two-hundred day moving average price of $228.49. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.12. The business had revenue of $21.36 billion for the quarter, compared to analysts’ expectations of $21.14 billion. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.67 EPS. As a group, analysts predict that Lowe’s Companies, Inc. will post 12.23 EPS for the current fiscal year.

Lowe’s Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, July 24th. This represents a $0.60 annualized dividend and a yield of 0.28%. Lowe’s Companies’s dividend payout ratio is currently 35.34%.

Analysts Set New Price Targets

LOW has been the subject of a number of research analyst reports. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Evercore ISI cut their target price on Lowe’s Companies from $255.00 to $250.00 and set an “in-line” rating on the stock in a report on Wednesday, May 22nd. Telsey Advisory Group restated a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a report on Tuesday, May 21st. Wedbush restated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Finally, Mizuho began coverage on shares of Lowe’s Companies in a report on Tuesday, March 19th. They set a “buy” rating and a $280.00 price objective on the stock. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $251.33.

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.