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

Raub Brock Capital Management LP decreased its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,485 shares of the home improvement retailer's stock after selling 3,409 shares during the quarter. Lowe's Companies comprises 3.6% of Raub Brock Capital Management LP's portfolio, making the stock its 14th biggest holding. Raub Brock Capital Management LP's holdings in Lowe's Companies were worth $16,206,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Klingenstein Fields & Co. LP boosted its position in Lowe's Companies by 1.0% during the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock worth $1,012,000 after purchasing an additional 39 shares during the period. Gen Wealth Partners Inc boosted its position in Lowe's Companies by 1.9% during the 4th 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 during the period. Cordatus Wealth Management LLC boosted its position in Lowe's Companies by 0.3% during the 4th 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 during the period. O Brien Greene & Co. Inc boosted its position in Lowe's Companies by 1.5% during the 4th 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 during the period. Finally, FFT Wealth Management LLC boosted its position in Lowe's Companies by 3.1% during the 4th quarter. FFT Wealth Management LLC now owns 1,377 shares of the home improvement retailer's stock worth $340,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

LOW has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of Lowe's Companies from $300.00 to $263.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Bank of America decreased their price objective on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Sanford C. Bernstein set a $266.00 price objective on shares of Lowe's Companies and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Stifel Nicolaus decreased their price objective on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating for the company in a research report on Tuesday, May 27th. Finally, Morgan Stanley decreased their price objective on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $271.12.

Insider Buying and Selling

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the sale, the executive vice president now owns 31,898 shares in the company, valued at $7,256,795. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.

Lowe's Companies Stock Performance

Shares of Lowe's Companies stock traded down $6.51 during trading on Friday, reaching $216.99. The company had a trading volume of 2,425,924 shares, compared to its average volume of 2,523,920. The company has a market cap of $121.61 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 1.96 and a beta of 0.92. The firm's fifty day moving average is $223.77 and its 200-day moving average is $240.11. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01.

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

Lowe's Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be paid a dividend of $1.20 per share. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $4.80 annualized dividend and a yield of 2.21%. Lowe's Companies's dividend payout ratio is 39.77%.

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.