Sentry Investment Management LLC Has $1.67 Million Stake in The Home Depot, Inc. (NYSE:HD)

Sentry Investment Management LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 17.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,843 shares of the home improvement retailer’s stock after selling 992 shares during the quarter. Home Depot accounts for approximately 0.7% of Sentry Investment Management LLC’s portfolio, making the stock its 21st largest position. Sentry Investment Management LLC’s holdings in Home Depot were worth $1,667,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot during the fourth quarter valued at about $27,000. Kings Path Partners LLC bought a new stake in Home Depot in the 2nd quarter valued at about $33,000. Burkett Financial Services LLC acquired a new position in Home Depot during the 4th quarter worth approximately $38,000. A.P. Gilfoyle & Co. L.P. bought a new position in Home Depot in the first quarter worth approximately $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in Home Depot in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research note on Tuesday, August 13th. Truist Financial decreased their target price on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. TD Cowen dropped their price target on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Finally, Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $387.79.

Home Depot Price Performance

HD opened at $370.84 on Wednesday. The firm has a 50-day moving average price of $358.58 and a 200-day moving average price of $353.92. The company has a market capitalization of $368.35 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 2.49 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

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

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

Home Depot Company 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.