Roman Butler Fullerton & Co. raised its holdings in The Home Depot, Inc. (NYSE:HD – Free Report) by 0.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,469 shares of the home improvement retailer’s stock after acquiring an additional 83 shares during the quarter. Home Depot accounts for about 1.4% of Roman Butler Fullerton & Co.’s portfolio, making the stock its 15th biggest holding. Roman Butler Fullerton & Co.’s holdings in Home Depot were worth $2,806,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of HD. BCK Partners Inc. acquired a new stake in Home Depot in the 1st quarter valued at about $2,933,000. Fairfield Bush & CO. purchased a new stake in Home Depot during the first quarter valued at about $27,000. Ergoteles LLC purchased a new stake in Home Depot during the first quarter valued at about $1,554,000. Equitable Holdings Inc. lifted its stake in Home Depot by 7.4% during the first quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock valued at $4,379,000 after buying an additional 1,007 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Home Depot by 3.2% during the first quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after buying an additional 24,640 shares in the last quarter. 69.91% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have commented on HD shares. TheStreet lowered shares of Home Depot from a “b” rating to a “c+” rating in a research note on Tuesday, May 16th. Morgan Stanley reduced their price objective on shares of Home Depot from $340.00 to $320.00 in a research note on Wednesday, May 17th. Jefferies Financial Group increased their price target on shares of Home Depot from $337.00 to $349.00 in a research report on Wednesday, June 14th. Telsey Advisory Group reduced their price target on shares of Home Depot from $340.00 to $315.00 and set an “outperform” rating for the company in a research report on Wednesday, May 17th. Finally, Wedbush reduced their price target on shares of Home Depot from $300.00 to $290.00 in a research report on Wednesday, May 17th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $324.50.
Insider Buying and Selling
Home Depot Stock Up 0.6 %
HD opened at $316.50 on Monday. The Home Depot, Inc. has a 1-year low of $265.61 and a 1-year high of $347.25. The company has a current ratio of 1.27, a quick ratio of 0.28 and a debt-to-equity ratio of 113.02. The stock has a market capitalization of $318.20 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 2.06 and a beta of 0.94. The business has a 50 day moving average of $299.13 and a 200-day moving average of $302.22.
Home Depot (NYSE:HD – Get Free Report) last posted its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.02. Home Depot had a return on equity of 1,936.63% and a net margin of 10.75%. The company had revenue of $37.26 billion during the quarter, compared to analysts’ expectations of $38.35 billion. During the same period in the prior year, the business earned $4.09 earnings per share. Home Depot’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 14.97 earnings per share for the current year.
Home Depot Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given a $2.09 dividend. The ex-dividend date was Wednesday, May 31st. This represents a $8.36 annualized dividend and a dividend yield of 2.64%. Home Depot’s dividend payout ratio is 50.94%.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer. 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.
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