Grove Bank & Trust lessened its holdings in shares of Home Depot Inc (NYSE:HD) by 5.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,302 shares of the home improvement retailer’s stock after selling 350 shares during the period. Grove Bank & Trust’s holdings in Home Depot were worth $1,230,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Lucia Wealth Services LLC acquired a new stake in shares of Home Depot during the 1st quarter worth approximately $101,000. Institutional & Family Asset Management LLC acquired a new stake in shares of Home Depot during the 1st quarter worth approximately $108,000. Clarus Wealth Advisors acquired a new stake in shares of Home Depot during the 2nd quarter worth approximately $136,000. Princeton Capital Management LLC acquired a new stake in shares of Home Depot during the 1st quarter worth approximately $151,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $199,000. Hedge funds and other institutional investors own 69.01% of the company’s stock.
Several research firms recently issued reports on HD. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a research report on Friday. Wells Fargo & Co reiterated a “buy” rating and set a $230.00 price target on shares of Home Depot in a research report on Sunday, September 16th. Jefferies Financial Group began coverage on shares of Home Depot in a research report on Tuesday, August 21st. They set a “buy” rating and a $228.00 price target on the stock. Piper Jaffray Companies reiterated a “hold” rating and set a $203.00 price target on shares of Home Depot in a research report on Thursday, August 16th. Finally, Citigroup reiterated a “buy” rating and set a $227.00 price target on shares of Home Depot in a research report on Wednesday, August 15th. Six analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Home Depot has a consensus rating of “Buy” and an average target price of $206.80.
In other news, EVP William G. Lennie sold 10,854 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the transaction, the executive vice president now owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matt Carey sold 4,125 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total transaction of $806,148.75. Following the transaction, the executive vice president now directly owns 60,179 shares of the company’s stock, valued at approximately $11,760,781.97. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.
Shares of NYSE:HD opened at $196.38 on Monday. The company has a market capitalization of $237.01 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.63 and a beta of 1.11. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 11.60. Home Depot Inc has a one year low of $160.53 and a one year high of $215.43.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.21. The business had revenue of $30.46 billion during the quarter, compared to the consensus estimate of $30.04 billion. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS. On average, research analysts forecast that Home Depot Inc will post 9.58 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Investors of record on Thursday, August 30th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.10%. The ex-dividend date was Wednesday, August 29th. Home Depot’s payout ratio is 55.23%.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
Further Reading: Short Selling Stocks and Day Traders
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.