Cypress Asset Management Inc. TX cut its holdings in shares of Home Depot, Inc. (The) (NYSE:HD) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,438 shares of the home improvement retailer’s stock after selling 910 shares during the period. Home Depot, Inc. (The) comprises about 1.3% of Cypress Asset Management Inc. TX’s portfolio, making the stock its 25th biggest position. Cypress Asset Management Inc. TX’s holdings in Home Depot, Inc. (The) were worth $6,357,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. State Street Corp increased its stake in Home Depot, Inc. (The) by 0.7% during the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock worth $8,185,463,000 after purchasing an additional 396,271 shares during the period. Fisher Asset Management LLC increased its stake in Home Depot, Inc. (The) by 1.3% during the first quarter. Fisher Asset Management LLC now owns 8,649,798 shares of the home improvement retailer’s stock worth $1,270,050,000 after purchasing an additional 108,242 shares during the period. Clearbridge Investments LLC increased its stake in Home Depot, Inc. (The) by 1.8% during the first quarter. Clearbridge Investments LLC now owns 7,890,301 shares of the home improvement retailer’s stock worth $1,158,533,000 after purchasing an additional 140,221 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Home Depot, Inc. (The) by 43.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after purchasing an additional 1,734,963 shares during the period. Finally, Jennison Associates LLC increased its stake in Home Depot, Inc. (The) by 11.7% during the first quarter. Jennison Associates LLC now owns 5,304,624 shares of the home improvement retailer’s stock worth $778,878,000 after purchasing an additional 556,596 shares during the period. Institutional investors own 71.45% of the company’s stock.

A number of equities analysts have recently commented on the company. Vetr downgraded 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 report on Monday, June 19th. Barclays PLC reissued an “overweight” rating and set a $165.00 price objective (up from $150.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $176.00 price objective on shares of Home Depot, Inc. (The) in a research report on Friday, June 16th. Citigroup Inc. reissued a “buy” rating and set a $179.00 price objective (up from $168.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Finally, Robert W. Baird set a $175.00 price objective on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $169.40.

In other news, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the sale, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the business’s stock in a transaction 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 directly owns 33,147 shares in the company, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. Insiders sold a total of 57,717 shares of company stock worth $8,916,321 in the last three months. Company insiders own 0.26% of the company’s stock.

Home Depot, Inc. (NYSE HD) traded down 1.3181% during midday trading on Monday, hitting $157.5556. The stock had a trading volume of 5,430,259 shares. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $160.86. The company has a 50-day moving average price of $151.09 and a 200-day moving average price of $151.42. The company has a market cap of $185.73 billion, a price-to-earnings ratio of 22.6764 and a beta of 1.07.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, topping the Zacks’ consensus estimate 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. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities analysts anticipate that Home Depot, Inc. will post $7.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio is presently 51.15%.

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Home Depot, Inc. (The) 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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