Johnson Investment Counsel Inc. Cuts Stake in The Home Depot, Inc. (NYSE:HD)

Johnson Investment Counsel Inc. trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 111,299 shares of the home improvement retailer’s stock after selling 662 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Home Depot were worth $38,314,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $27,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot during the 2nd quarter valued at about $33,000. Burkett Financial Services LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $38,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in shares of Home Depot during the 1st quarter valued at about $38,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Home Depot during the 4th quarter valued at about $39,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. DA Davidson raised their price objective on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Evercore ISI dropped their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a report on Tuesday, August 13th. Finally, Royal Bank of Canada dropped their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $387.79.

Home Depot Trading Down 0.1 %

Home Depot stock opened at $370.49 on Thursday. The stock has a market cap of $367.38 billion, a P/E ratio of 24.85, a PEG ratio of 2.49 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The firm’s 50 day moving average price is $359.31 and its 200-day moving average price is $354.03.

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

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be given 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 currently 60.36%.

About Home Depot

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.