Murphy Pohlad Asset Management LLC Sells 193 Shares of The Home Depot, Inc. (NYSE:HD)

Murphy Pohlad Asset Management LLC reduced its stake in The Home Depot, Inc. (NYSE:HD) by 8.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,218 shares of the home improvement retailer’s stock after selling 193 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in Home Depot were worth $764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HD. Moss Adams Wealth Advisors LLC grew its stake in shares of Home Depot by 13.5% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 899 shares of the home improvement retailer’s stock worth $312,000 after buying an additional 107 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Home Depot by 0.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,111 shares of the home improvement retailer’s stock worth $4,891,000 after buying an additional 108 shares in the last quarter. Keene & Associates Inc. grew its stake in shares of Home Depot by 16.2% in the 4th quarter. Keene & Associates Inc. now owns 1,409 shares of the home improvement retailer’s stock worth $488,000 after buying an additional 196 shares in the last quarter. River Street Advisors LLC boosted its stake in shares of Home Depot by 2.2% during the 4th quarter. River Street Advisors LLC now owns 3,296 shares of the home improvement retailer’s stock worth $1,142,000 after purchasing an additional 70 shares during the period. Finally, S. R. Schill & Associates boosted its stake in shares of Home Depot by 37.0% during the 4th quarter. S. R. Schill & Associates now owns 997 shares of the home improvement retailer’s stock worth $346,000 after purchasing an additional 269 shares during the period. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

NYSE:HD traded up $1.99 during trading hours on Friday, reaching $362.06. 3,285,124 shares of the company were exchanged, compared to its average volume of 3,433,982. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The stock’s 50-day moving average is $350.04 and its 200-day moving average is $353.21. The firm has a market cap of $359.02 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $4.65 earnings per share. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HD shares. Royal Bank of Canada dropped their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday. UBS Group lifted their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday. HSBC lowered their price objective on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. TD Cowen lowered their price objective on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Finally, Jefferies Financial Group began coverage on shares of Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. One research 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $384.00.

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.