Raub Brock Capital Management LP Sells 1,099 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Raub Brock Capital Management LP cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,766 shares of the home improvement retailer’s stock after selling 1,099 shares during the period. Lowe’s Companies comprises approximately 4.0% of Raub Brock Capital Management LP’s portfolio, making the stock its 11th largest position. Raub Brock Capital Management LP’s holdings in Lowe’s Companies were worth $19,709,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Consulting LLC boosted its holdings in Lowe’s Companies by 93.3% during the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 70 shares during the period. Keener Financial Planning LLC purchased a new position in shares of Lowe’s Companies in the first quarter worth $35,000. Kimelman & Baird LLC bought a new stake in Lowe’s Companies during the 2nd quarter valued at $37,000. Tsfg LLC boosted its position in Lowe’s Companies by 128.2% during the 3rd quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock valued at $48,000 after buying an additional 100 shares during the period. Finally, Lynx Investment Advisory bought a new stake in Lowe’s Companies in the 2nd quarter worth $49,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LOW shares. Melius Research started coverage on Lowe’s Companies in a research report on Monday, September 23rd. They set a “buy” rating and a $290.00 price target on the stock. Evercore ISI upped their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 21st. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th. Bank of America upped their price objective on shares of Lowe’s Companies from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, UBS Group lifted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Eleven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $268.42.

Insider Activity

In other news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the completion of the sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Lowe’s Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the sale, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at $3,586,940.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the transaction, the chief accounting officer now owns 9,383 shares in the company, valued at $2,334,678.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Up 0.1 %

LOW opened at $281.57 on Friday. The company has a market capitalization of $160.45 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. The firm has a 50-day simple moving average of $257.37 and a two-hundred day simple moving average of $238.81. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.14. The company had revenue of $23.59 billion during the quarter, compared to analyst estimates of $23.93 billion. Lowe’s Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The firm’s revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.56 earnings per share. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.91 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a $1.15 dividend. The ex-dividend date is Wednesday, October 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.63%. Lowe’s Companies’s payout ratio is 36.95%.

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.