Schmidt P J Investment Management Inc. boosted its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,715 shares of the home improvement retailer’s stock after buying an additional 45 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Home Depot, Inc. (The) were worth $1,337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fulton Bank N.A. raised its position in shares of Home Depot, Inc. (The) by 2.8% in the first quarter. Fulton Bank N.A. now owns 23,126 shares of the home improvement retailer’s stock worth $3,396,000 after buying an additional 626 shares during the last quarter. Manning & Napier Advisors LLC raised its position in shares of Home Depot, Inc. (The) by 3.4% in the first quarter. Manning & Napier Advisors LLC now owns 165,722 shares of the home improvement retailer’s stock worth $24,332,000 after buying an additional 5,479 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of Home Depot, Inc. (The) by 4.3% in the first quarter. CENTRAL TRUST Co now owns 127,937 shares of the home improvement retailer’s stock worth $18,785,000 after buying an additional 5,290 shares during the last quarter. Watch Point Trust Co raised its position in shares of Home Depot, Inc. (The) by 9.3% in the first quarter. Watch Point Trust Co now owns 5,600 shares of the home improvement retailer’s stock worth $822,000 after buying an additional 475 shares during the last quarter. Finally, Pure Financial Advisors Inc. raised its position in shares of Home Depot, Inc. (The) by 15.1% in the first quarter. Pure Financial Advisors Inc. now owns 5,264 shares of the home improvement retailer’s stock worth $773,000 after buying an additional 689 shares during the last quarter. Institutional investors and hedge funds own 71.27% of the company’s stock.

Home Depot, Inc. (NYSE:HD) traded up 0.94% during trading on Friday, reaching $149.65. The company had a trading volume of 3,047,971 shares. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $160.86. The firm has a market capitalization of $176.41 billion, a PE ratio of 21.54 and a beta of 1.08. The firm’s 50 day moving average price is $150.67 and its 200 day moving average price is $150.48.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 31st will be issued a dividend of $0.89 per share. 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 2.38%. Home Depot, Inc. (The)’s dividend payout ratio is presently 51.15%.

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Several research firms have issued reports on HD. Vetr lowered Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price objective for the company. in a research note on Monday, June 19th. Argus reiterated a “buy” rating and set a $180.00 price objective (up from $160.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Oppenheimer Holdings, Inc. set a $178.00 price objective on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, May 16th. Robert W. Baird set a $175.00 price objective on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Finally, BMO Capital Markets set a $176.00 price objective on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $169.77.

In related news, EVP Teresa Wynn Roseborough sold 15,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the transaction, the executive vice president now owns 33,147 shares in the company, valued at approximately $4,984,977.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 10,717 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total value of $1,633,270.80. Following the transaction, the executive vice president now owns 64,810 shares in the company, valued at approximately $9,877,044. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

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.

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

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