Curi RMB Capital LLC Sells 14,754 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Curi RMB Capital LLC lessened its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,790 shares of the home improvement retailer's stock after selling 14,754 shares during the quarter. Curi RMB Capital LLC's holdings in Lowe's Companies were worth $15,743,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. Klingenstein Fields & Co. LP grew its stake in Lowe's Companies by 1.0% in the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock valued at $1,012,000 after buying an additional 39 shares during the last quarter. Saxony Capital Management LLC lifted its position in shares of Lowe's Companies by 4.2% during the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock worth $245,000 after purchasing an additional 40 shares during the last quarter. Powers Advisory Group LLC increased its position in Lowe's Companies by 2.7% during the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock worth $380,000 after acquiring an additional 40 shares during the period. Cordatus Wealth Management LLC lifted its position in shares of 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 buying an additional 41 shares during the period. Finally, O Brien Greene & Co. Inc raised its stake in Lowe's Companies by 1.5% during the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer's stock worth $715,000 after acquiring an additional 42 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Telsey Advisory Group restated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research report on Tuesday, April 15th. Bank of America reduced their price objective on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $270.00 target price on shares of Lowe's Companies in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus price target of $278.74.

Lowe's Companies Trading Up 0.3 %

NYSE LOW traded up $0.59 during trading on Wednesday, hitting $218.51. 1,063,002 shares of the company's stock were exchanged, compared to its average volume of 2,468,390. The stock's 50 day moving average price is $231.16 and its two-hundred day moving average price is $251.89. Lowe's Companies, Inc. has a fifty-two week low of $206.39 and a fifty-two week high of $287.01. The company has a market cap of $122.30 billion, a PE ratio of 18.22, a P/E/G ratio of 1.96 and a beta of 1.07.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, April 23rd. Lowe's Companies's dividend payout ratio is 37.67%.

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.