Cypress Capital Management LLC lifted its holdings in shares of Home Depot Inc (NYSE:HD) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,671 shares of the home improvement retailer’s stock after buying an additional 315 shares during the quarter. Home Depot comprises 2.3% of Cypress Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. Cypress Capital Management LLC’s holdings in Home Depot were worth $11,837,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Carnick & Kubik Group LLC increased its holdings in Home Depot by 30.5% during the 2nd quarter. Carnick & Kubik Group LLC now owns 28,088 shares of the home improvement retailer’s stock worth $5,480,000 after acquiring an additional 6,559 shares during the period. Wallington Asset Management LLC increased its holdings in Home Depot by 1.2% during the 2nd quarter. Wallington Asset Management LLC now owns 80,204 shares of the home improvement retailer’s stock worth $15,648,000 after acquiring an additional 935 shares during the period. Cable Hill Partners LLC increased its holdings in shares of Home Depot by 69.5% in the 2nd quarter. Cable Hill Partners LLC now owns 2,182 shares of the home improvement retailer’s stock worth $425,000 after buying an additional 895 shares during the last quarter. FineMark National Bank & Trust increased its holdings in shares of Home Depot by 1.8% in the 2nd quarter. FineMark National Bank & Trust now owns 100,862 shares of the home improvement retailer’s stock worth $19,678,000 after buying an additional 1,822 shares during the last quarter. Finally, Country Club Trust Company n.a. increased its holdings in shares of Home Depot by 5.6% in the 2nd quarter. Country Club Trust Company n.a. now owns 6,285 shares of the home improvement retailer’s stock worth $1,226,000 after buying an additional 335 shares during the last quarter. 69.01% of the stock is currently owned by institutional investors and hedge funds.
HD has been the topic of a number of research analyst reports. UBS Group increased their price target on shares of Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, June 20th. ValuEngine raised shares of Home Depot from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Loop Capital set a $200.00 price target on shares of Home Depot and gave the stock a “hold” rating in a report on Wednesday, July 11th. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price target on the stock in a report on Tuesday, July 17th. Finally, Citigroup increased their price target on shares of Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, August 10th. Six analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Home Depot has an average rating of “Buy” and a consensus target price of $207.40.
Shares of Home Depot stock opened at $192.47 on Friday. Home Depot Inc has a 52-week low of $160.53 and a 52-week high of $215.43. The firm has a market capitalization of $237.01 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 1.63 and a beta of 1.11. The company has a debt-to-equity ratio of 11.60, a current ratio of 1.13 and a quick ratio of 0.37.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.21. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The company had revenue of $30.46 billion during the quarter, compared to analysts’ expectations of $30.04 billion. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts forecast that Home Depot Inc will post 9.58 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th were paid a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, August 29th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.14%. Home Depot’s dividend payout ratio (DPR) is 55.23%.
In other Home Depot news, EVP William G. Lennie sold 10,854 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the sale, the executive vice president now owns 40,057 shares of the company’s stock, valued at approximately $8,077,093.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Matt Carey sold 4,125 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total transaction of $806,148.75. Following the sale, the executive vice president now directly owns 60,179 shares of the company’s stock, valued at approximately $11,760,781.97. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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