Arbor Trust Wealth Advisors LLC Buys 46 Shares of The Home Depot, Inc. (NYSE:HD)

Arbor Trust Wealth Advisors LLC lifted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,248 shares of the home improvement retailer’s stock after purchasing an additional 46 shares during the period. Arbor Trust Wealth Advisors LLC’s holdings in Home Depot were worth $430,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Gilbert & Cook Inc. boosted its holdings in Home Depot by 3.9% in the 4th quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock valued at $1,475,000 after purchasing an additional 158 shares during the period. Aveo Capital Partners LLC boosted its stake in Home Depot by 4.8% during the fourth quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock valued at $931,000 after buying an additional 122 shares during the period. 9258 Wealth Management LLC grew its position in Home Depot by 4.2% during the fourth quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock worth $4,811,000 after buying an additional 557 shares in the last quarter. Gryphon Financial Partners LLC increased its stake in Home Depot by 161.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock worth $2,188,000 after acquiring an additional 3,923 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Home Depot in the 4th quarter valued at about $4,472,000. Institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on HD. TD Cowen decreased their price objective on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Jefferies Financial Group started coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Tuesday, August 13th. Finally, Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $387.79.

Home Depot Price Performance

Shares of NYSE HD opened at $364.67 on Thursday. The firm has a market cap of $361.61 billion, a P/E ratio of 24.46, a PEG ratio of 2.55 and a beta of 0.98. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The company has a 50 day moving average of $356.55 and a 200 day moving average of $354.06.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company earned $4.65 EPS. As a group, research analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company 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 dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

About Home Depot

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.