Edmonds Duncan Registered Investment Advisors LLC Sells 25 Shares of Home Depot, Inc. (The) (NYSE:HD)

Edmonds Duncan Registered Investment Advisors LLC trimmed its stake in Home Depot, Inc. (The) (NYSE:HD) by 1.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,166 shares of the home improvement retailer’s stock after selling 25 shares during the period. Edmonds Duncan Registered Investment Advisors LLC’s holdings in Home Depot, Inc. (The) were worth $334,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fisher Asset Management LLC increased its stake in Home Depot, Inc. (The) by 1.3% in the 1st quarter. Fisher Asset Management LLC now owns 8,649,798 shares of the home improvement retailer’s stock worth $1,270,050,000 after buying an additional 108,242 shares in the last quarter. Jennison Associates LLC increased its stake in Home Depot, Inc. (The) by 11.7% in the 1st quarter. Jennison Associates LLC now owns 5,304,624 shares of the home improvement retailer’s stock worth $778,878,000 after buying an additional 556,596 shares in the last quarter. C WorldWide Group Holding A S increased its stake in Home Depot, Inc. (The) by 9.3% in the 1st quarter. C WorldWide Group Holding A S now owns 3,140,888 shares of the home improvement retailer’s stock worth $461,176,000 after buying an additional 267,358 shares in the last quarter. Bank of Montreal Can increased its stake in Home Depot, Inc. (The) by 6.1% in the 1st quarter. Bank of Montreal Can now owns 3,086,386 shares of the home improvement retailer’s stock worth $453,175,000 after buying an additional 178,101 shares in the last quarter. Finally, Boston Partners purchased a new stake in Home Depot, Inc. (The) in the 1st quarter worth $326,895,000. Hedge funds and other institutional investors own 71.45% of the company’s stock.

Home Depot, Inc. (HD) traded down 0.61% during midday trading on Friday, hitting $158.40. 9,124,244 shares of the stock traded hands. Home Depot, Inc. has a one year low of $119.20 and a one year high of $161.38. The company has a 50-day moving average price of $152.78 and a 200 day moving average price of $151.82. The stock has a market cap of $186.72 billion, a price-to-earnings ratio of 22.80 and a beta of 1.07.

Home Depot, Inc. (The) (NYSE:HD) last released its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, topping the consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The business had revenue of $28.11 billion during the quarter, compared to analysts’ expectations of $27.84 billion. During the same quarter last year, the firm posted $1.97 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. Equities research analysts anticipate that Home Depot, Inc. will post $7.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were paid a dividend of $0.89 per share. The ex-dividend date was Tuesday, August 29th. This represents a $3.56 annualized dividend and a yield of 2.25%. Home Depot, Inc. (The)’s dividend payout ratio is currently 51.15%.

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In other Home Depot, Inc. (The) news, EVP Matt Carey sold 32,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the transaction, the executive vice president now owns 62,483 shares in the company, valued at $9,816,079.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $150.39, for a total value of $2,255,850.00. Following the completion of the transaction, the executive vice president now owns 33,147 shares in the company, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. Insiders have sold 57,717 shares of company stock valued at $8,916,321 in the last ninety days. 0.26% of the stock is currently owned by insiders.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a report on Thursday, August 24th. Vetr raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $160.62 price objective for the company in a report on Tuesday, May 30th. Longbow Research reaffirmed a “buy” rating and issued a $175.00 price target on shares of Home Depot, Inc. (The) in a report on Monday, August 14th. BidaskClub downgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, Barclays PLC set a $165.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Home Depot, Inc. (The) currently has an average rating of “Buy” and an average price target of $169.86.

Home Depot, Inc. (The) Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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

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