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

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Raub Brock Capital Management LP lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 191,455 shares of the home improvement retailer’s stock after buying an additional 6,442 shares during the quarter. Lowe’s Companies makes up 4.0% of Raub Brock Capital Management LP’s investment portfolio, making the stock its 16th largest holding. Raub Brock Capital Management LP’s holdings in Lowe’s Companies were worth $21,052,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Canada Pension Plan Investment Board increased its holdings in shares of Lowe’s Companies by 11.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 786,970 shares of the home improvement retailer’s stock valued at $79,413,000 after acquiring an additional 81,426 shares during the last quarter. JNBA Financial Advisors purchased a new position in shares of Lowe’s Companies in the 2nd quarter valued at about $40,000. Nuveen Asset Management LLC increased its holdings in shares of Lowe’s Companies by 6,680.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 6,312,448 shares of the home improvement retailer’s stock valued at $636,989,000 after acquiring an additional 6,219,346 shares during the last quarter. Carnick & Kubik Group LLC increased its holdings in shares of Lowe’s Companies by 1.5% in the 2nd quarter. Carnick & Kubik Group LLC now owns 20,915 shares of the home improvement retailer’s stock valued at $2,111,000 after acquiring an additional 310 shares during the last quarter. Finally, Fagan Associates Inc. increased its holdings in shares of Lowe’s Companies by 3.1% in the 2nd quarter. Fagan Associates Inc. now owns 67,100 shares of the home improvement retailer’s stock valued at $6,771,000 after acquiring an additional 2,043 shares during the last quarter. Institutional investors own 76.31% of the company’s stock.

In other Lowe’s Companies news, CAO Matthew V. Hollifield sold 12,136 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $112.34, for a total transaction of $1,363,358.24. Following the completion of the sale, the chief accounting officer now directly owns 28,017 shares of the company’s stock, valued at approximately $3,147,429.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jennifer L. Weber sold 12,589 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $112.62, for a total value of $1,417,773.18. Following the sale, the executive vice president now directly owns 17,440 shares of the company’s stock, valued at $1,964,092.80. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.

Shares of NYSE LOW opened at $112.07 on Tuesday. The stock has a market cap of $85.52 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 1.40 and a beta of 1.30. The company has a quick ratio of 0.19, a current ratio of 1.06 and a debt-to-equity ratio of 7.80. Lowe’s Companies, Inc. has a 52-week low of $84.75 and a 52-week high of $118.23. The business has a 50-day moving average price of $110.76 and a 200 day moving average price of $105.86.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. Lowe’s Companies had a return on equity of 111.09% and a net margin of 3.52%. The company had revenue of $20.99 billion during the quarter, compared to analysts’ expectations of $20.96 billion. During the same period last year, the firm earned $2.07 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 5.67 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.96%. Lowe’s Companies’s payout ratio is 42.80%.

LOW has been the topic of a number of recent analyst reports. Morgan Stanley increased their price objective on Lowe’s Companies from $123.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. KeyCorp reiterated an “overweight” rating and issued a $125.00 price objective (up previously from $120.00) on shares of Lowe’s Companies in a report on Thursday, August 22nd. Credit Suisse Group reiterated a “neutral” rating and issued a $114.00 price objective (up previously from $99.00) on shares of Lowe’s Companies in a report on Thursday, August 22nd. Royal Bank of Canada increased their price objective on Lowe’s Companies from $123.00 to $129.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, UBS Group increased their price objective on Lowe’s Companies from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Lowe’s Companies presently has a consensus rating of “Buy” and an average target price of $120.96.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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