Eubel Brady & Suttman Asset Management Inc. Has $479,000 Stake in The Home Depot, Inc. (NYSE:HD)

Eubel Brady & Suttman Asset Management Inc. increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 40.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,392 shares of the home improvement retailer’s stock after buying an additional 400 shares during the period. Eubel Brady & Suttman Asset Management Inc.’s holdings in Home Depot were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HD. Frank Rimerman Advisors LLC bought a new stake in shares of Home Depot in the fourth quarter valued at about $27,000. Kings Path Partners LLC bought a new stake in shares of Home Depot in the second quarter valued at about $33,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Home Depot in the first quarter valued at about $38,000. Burkett Financial Services LLC bought a new stake in shares of Home Depot in the fourth quarter valued at about $38,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the fourth quarter valued at about $39,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HD shares. Daiwa America raised shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. Jefferies Financial Group started coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective for the company. 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. 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, Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $387.79.

Home Depot Stock Performance

Home Depot stock opened at $365.67 on Tuesday. The business has a 50 day moving average of $357.86 and a 200-day moving average of $353.93. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The company has a market capitalization of $363.22 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.49 and a beta of 1.00.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion during 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 company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.65 EPS. On average, equities research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders 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 2.46%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio 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.