Field & Main Bank Boosts Stake in The Home Depot, Inc. (NYSE:HD)

Field & Main Bank boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% during the second quarter, Holdings Channel.com reports. The fund owned 17,132 shares of the home improvement retailer’s stock after acquiring an additional 208 shares during the period. Home Depot comprises 2.2% of Field & Main Bank’s investment portfolio, making the stock its 10th largest position. Field & Main Bank’s holdings in Home Depot were worth $5,897,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bare Financial Services Inc acquired a new stake in shares of Home Depot in the 4th quarter valued at $26,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $27,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Home Depot in the 1st quarter valued at $38,000. Burkett Financial Services LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE HD traded up $10.23 on Friday, hitting $375.59. 3,426,154 shares of the stock traded hands, compared to its average volume of 3,446,290. The business’s fifty day moving average is $353.44 and its two-hundred day moving average is $353.65. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The firm has a market capitalization of $372.44 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period last year, the company earned $4.65 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be given a $2.25 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.40%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research analyst reports. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. TD Cowen cut their price objective on Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Loop Capital cut their price objective on Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Evercore ISI cut their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Finally, Wedbush reissued an “outperform” rating and set a $410.00 price objective on shares of Home Depot in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $386.33.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.