RMB Capital Management LLC Has $19.06 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

RMB Capital Management LLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,631 shares of the home improvement retailer’s stock after selling 1,479 shares during the period. RMB Capital Management LLC’s holdings in Lowe’s Companies were worth $19,057,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. First Financial Bankshares Inc acquired a new position in Lowe’s Companies in the 4th quarter valued at approximately $25,241,000. Jacobi Capital Management LLC boosted its position in shares of Lowe’s Companies by 2.6% during the 4th quarter. Jacobi Capital Management LLC now owns 8,130 shares of the home improvement retailer’s stock valued at $1,809,000 after acquiring an additional 208 shares in the last quarter. Ethic Inc. increased its stake in Lowe’s Companies by 1.1% in the fourth quarter. Ethic Inc. now owns 34,827 shares of the home improvement retailer’s stock valued at $7,751,000 after acquiring an additional 390 shares during the period. Vista Investment Management raised its position in Lowe’s Companies by 2.4% in the fourth quarter. Vista Investment Management now owns 11,586 shares of the home improvement retailer’s stock worth $2,579,000 after purchasing an additional 271 shares in the last quarter. Finally, Rench Wealth Management Inc. bought a new position in Lowe’s Companies during the fourth quarter worth about $466,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

LOW traded up $0.10 on Tuesday, reaching $218.20. The company had a trading volume of 1,205,546 shares, compared to its average volume of 2,440,888. The company’s fifty day moving average is $228.59 and its 200 day moving average is $226.61. The stock has a market cap of $124.34 billion, a P/E ratio of 17.33, a P/E/G ratio of 1.66 and a beta of 1.08. Lowe’s Companies, Inc. has a fifty-two week low of $181.85 and a fifty-two week high of $262.49.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, May 21st. The home improvement retailer reported $3.06 EPS for the quarter, beating the consensus estimate of $2.94 by $0.12. The company had revenue of $21.36 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.67 earnings per share. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 12.23 EPS for the current year.

Lowe’s Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 35.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Oppenheimer reaffirmed a “market perform” rating and set a $230.00 price target on shares of Lowe’s Companies in a report on Monday, March 4th. UBS Group upped their target price on shares of Lowe’s Companies from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Stifel Nicolaus raised their price target on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a report on Monday, May 13th. Morgan Stanley upped their target price on shares of Lowe’s Companies from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research note on Tuesday, May 21st. Fourteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Hold” and a consensus target price of $251.33.

Lowe’s Companies 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.