Fort Pitt Capital Group LLC Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)


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Fort Pitt Capital Group LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 10.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,429 shares of the home improvement retailer’s stock after acquiring an additional 878 shares during the quarter. Fort Pitt Capital Group LLC’s holdings in The Home Depot were worth $2,878,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Burns J W & Co. Inc. NY boosted its holdings in The Home Depot by 0.5% in the first quarter. Burns J W & Co. Inc. NY now owns 19,257 shares of the home improvement retailer’s stock worth $5,878,000 after acquiring an additional 91 shares in the last quarter. Motco boosted its holdings in The Home Depot by 125.5% in the first quarter. Motco now owns 45,689 shares of the home improvement retailer’s stock worth $13,947,000 after acquiring an additional 25,429 shares in the last quarter. Roffman Miller Associates Inc. PA boosted its holdings in The Home Depot by 27.9% in the first quarter. Roffman Miller Associates Inc. PA now owns 390,451 shares of the home improvement retailer’s stock worth $46,067,000 after acquiring an additional 85,287 shares in the last quarter. Alhambra Investment Partners LLC boosted its holdings in The Home Depot by 11.2% in the first quarter. Alhambra Investment Partners LLC now owns 6,119 shares of the home improvement retailer’s stock worth $1,868,000 after acquiring an additional 614 shares in the last quarter. Finally, Vigilant Capital Management LLC boosted its holdings in The Home Depot by 3.1% in the first quarter. Vigilant Capital Management LLC now owns 113,333 shares of the home improvement retailer’s stock worth $34,595,000 after acquiring an additional 3,436 shares in the last quarter. 68.71% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:HD traded down $0.62 during midday trading on Monday, hitting $327.46. The company’s stock had a trading volume of 105,977 shares, compared to its average volume of 4,579,232. The business’s 50 day simple moving average is $288.24 and its 200 day simple moving average is $278.18. The company has a debt-to-equity ratio of 21.39, a quick ratio of 0.72 and a current ratio of 1.36. The company has a market cap of $352.09 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 2.13 and a beta of 1.03. The Home Depot, Inc. has a 12-month low of $199.51 and a 12-month high of $328.67.

The Home Depot (NYSE:HD) last posted its quarterly earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.63 by $0.02. The firm had revenue of $32.26 billion for the quarter, compared to the consensus estimate of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period last year, the firm posted $2.28 earnings per share. On average, sell-side analysts predict that The Home Depot, Inc. will post 11.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th were paid a dividend of $1.65 per share. The ex-dividend date was Wednesday, March 10th. This is an increase from The Home Depot’s previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a yield of 2.02%. The Home Depot’s payout ratio is 64.39%.

A number of research firms recently commented on HD. JPMorgan Chase & Co. lifted their target price on The Home Depot from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday. Citigroup began coverage on The Home Depot in a report on Monday, March 15th. They set a “buy” rating and a $288.00 target price for the company. Credit Suisse Group reaffirmed a “buy” rating and set a $319.00 target price on shares of The Home Depot in a report on Thursday, March 25th. Zelman & Associates downgraded The Home Depot from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Loop Capital lifted their target price on The Home Depot from $310.00 to $350.00 and gave the stock a “buy” rating in a report on Monday. Five research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $304.65.

About The Home Depot

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

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