Advisor OS LLC Decreases Holdings in The Home Depot, Inc. (NYSE:HD)

Advisor OS LLC lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 3.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,885 shares of the home improvement retailer’s stock after selling 154 shares during the quarter. Advisor OS LLC’s holdings in Home Depot were worth $1,682,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Gilbert & Cook Inc. boosted its position in Home Depot by 3.9% during the fourth quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock worth $1,475,000 after purchasing an additional 158 shares during the period. Aveo Capital Partners LLC boosted its position 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 worth $931,000 after purchasing an additional 122 shares during the period. 9258 Wealth Management LLC boosted 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 purchasing an additional 557 shares during the period. Gryphon Financial Partners LLC boosted its position in Home Depot by 161.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock worth $2,188,000 after purchasing an additional 3,923 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in Home Depot by 2.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 20,554 shares of the home improvement retailer’s stock worth $7,123,000 after purchasing an additional 490 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Down 0.5 %

HD stock opened at $360.11 on Friday. The company has a market capitalization of $357.09 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company’s 50 day moving average price is $357.27 and its two-hundred day moving average price is $354.10. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

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 the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business’s revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $4.65 earnings per share. As a group, analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HD. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Raymond James restated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. UBS Group raised their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. TD Cowen cut their price objective on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Finally, Stifel Nicolaus cut their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $387.79.

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.