Carnegie Capital Asset Management LLC cut its holdings in shares of Home Depot, Inc. (The) (NYSE:HD) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,685 shares of the home improvement retailer’s stock after selling 200 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Home Depot were worth $1,006,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HD. Jackson Grant Investment Advisers Inc. lifted its position in shares of Home Depot by 0.4% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock worth $241,000 after purchasing an additional 6 shares during the last quarter. Mascoma Wealth Management LLC lifted its position in shares of Home Depot by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after purchasing an additional 7 shares during the last quarter. Paragon Wealth Strategies LLC lifted its position in shares of Home Depot by 0.4% during the second quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock worth $280,000 after purchasing an additional 7 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. lifted its position in shares of Home Depot by 0.3% during the first quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock worth $400,000 after purchasing an additional 9 shares during the last quarter. Finally, Silicon Valley Capital Partners lifted its holdings in Home Depot by 0.6% in the second quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock worth $228,000 after acquiring an additional 9 shares during the last quarter. Institutional investors own 70.37% of the company’s stock.

Shares of Home Depot, Inc. (HD) opened at $183.41 on Friday. The firm has a market capitalization of $214,176.86, a P/E ratio of 25.47, a PEG ratio of 1.86 and a beta of 1.11. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. Home Depot, Inc. has a twelve month low of $131.10 and a twelve month high of $186.31.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same quarter last year, the business earned $1.60 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. sell-side analysts forecast that Home Depot, Inc. will post 7.37 EPS for the current year.

Home Depot declared that its board has approved a share buyback plan on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.94%. Home Depot’s dividend payout ratio is presently 49.44%.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a report on Thursday, August 24th. Telsey Advisory Group raised their target price on shares of Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Robert W. Baird reissued an “outperform” rating and issued a $195.00 target price on shares of Home Depot in a report on Thursday, November 30th. SunTrust Banks raised their target price on shares of Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Bank of America raised their target price on shares of Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $182.06.

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About Home Depot

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 (NYSE:HD)

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