The Home Depot, Inc. (NYSE:HD) Shares Sold by Massachusetts Wealth Management

Massachusetts Wealth Management lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,465 shares of the home improvement retailer’s stock after selling 75 shares during the quarter. Massachusetts Wealth Management’s holdings in Home Depot were worth $1,881,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bey Douglas LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $913,000. MinichMacGregor Wealth Management LLC purchased a new stake in Home Depot during the fourth quarter worth $387,000. Cambridge Investment Research Advisors Inc. grew its holdings in Home Depot by 1.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock valued at $74,092,000 after purchasing an additional 2,209 shares during the last quarter. Empirical Finance LLC increased its position in shares of Home Depot by 3.3% in the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock valued at $14,242,000 after buying an additional 1,195 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC raised its position in Home Depot by 5.5% during the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after acquiring an additional 965 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 0.4 %

Home Depot stock traded up $1.44 during midday trading on Friday, hitting $368.50. 3,216,660 shares of the company were exchanged, compared to its average volume of 3,501,517. The company has a market cap of $366.03 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company’s fifty day moving average price is $355.21 and its 200-day moving average price is $353.95. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the firm earned $4.65 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HD shares. Raymond James reissued a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. Wells Fargo & Company cut their price objective on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Loop Capital decreased their target price on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Royal Bank of Canada cut their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. raised their price objective on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $386.33.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.