Cypress Capital Management LLC increased its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,431 shares of the home improvement retailer’s stock after buying an additional 381 shares during the period. Home Depot, Inc. (The) makes up 2.1% of Cypress Capital Management LLC’s investment portfolio, making the stock its 23rd largest position. Cypress Capital Management LLC’s holdings in Home Depot, Inc. (The) were worth $8,286,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Baystate Wealth Management LLC increased its stake in shares of Home Depot, Inc. (The) by 155.7% in the first quarter. Baystate Wealth Management LLC now owns 3,007 shares of the home improvement retailer’s stock worth $441,000 after buying an additional 1,831 shares in the last quarter. Paragon Wealth Strategies LLC increased its stake in shares of Home Depot, Inc. (The) by 18.7% in the first quarter. Paragon Wealth Strategies LLC now owns 1,818 shares of the home improvement retailer’s stock worth $267,000 after buying an additional 286 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of Home Depot, Inc. (The) by 5.9% in the first quarter. Farmers & Merchants Investments Inc. now owns 26,896 shares of the home improvement retailer’s stock worth $3,949,000 after buying an additional 1,500 shares in the last quarter. McQueen Ball & Associates Inc. acquired a new stake in shares of Home Depot, Inc. (The) during the first quarter worth $226,000. Finally, Bank of Stockton increased its stake in shares of Home Depot, Inc. (The) by 2.2% in the first quarter. Bank of Stockton now owns 15,714 shares of the home improvement retailer’s stock worth $2,306,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 71.27% of the company’s stock.

Home Depot, Inc. (HD) traded up 0.78% during midday trading on Friday, reaching $149.40. 766,277 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $150.73 and its 200 day moving average is $150.39. The stock has a market cap of $176.12 billion, a P/E ratio of 21.50 and a beta of 1.08. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last released its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.04. The company had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. Home Depot, Inc. (The)’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 EPS. Equities analysts anticipate that Home Depot, Inc. will post $7.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 31st will be given a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a yield of 2.40%. Home Depot, Inc. (The)’s payout ratio is 51.15%.

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HD has been the subject of a number of recent research reports. BTIG Research boosted their price objective on shares of Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Vetr upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $165.56 target price for the company in a research report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a research report on Wednesday, July 12th. Jefferies Group LLC upped their target price on shares of Home Depot, Inc. (The) from $167.00 to $182.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. Finally, Credit Suisse Group set a $163.00 target price on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Home Depot, Inc. (The) presently has a consensus rating of “Buy” and an average target price of $169.77.

In related news, EVP Ann Marie Campbell sold 10,717 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the completion of the sale, the executive vice president now owns 64,810 shares in the company, valued at approximately $9,877,044. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $150.39, for a total value of $2,255,850.00. Following the completion of the sale, the executive vice president now owns 33,147 shares of the company’s stock, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Home Depot, Inc. (The) Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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