Home Depot, Inc. (The) (HD) Position Lifted by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. increased its holdings in Home Depot, Inc. (The) (NYSE:HD) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,607 shares of the home improvement retailer’s stock after acquiring an additional 67 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Home Depot, Inc. (The) were worth $2,438,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Jackson Grant Investment Advisers Inc. increased its holdings in shares of Home Depot, Inc. (The) by 0.4% in the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock valued at $241,000 after acquiring an additional 6 shares during the period. Pineno Levin & Ford Asset Management Inc. increased its holdings in shares of Home Depot, Inc. (The) by 0.3% in the 1st quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock valued at $400,000 after acquiring an additional 9 shares during the period. Piershale Financial Group Inc. increased its holdings in shares of Home Depot, Inc. (The) by 0.6% in the 1st quarter. Piershale Financial Group Inc. now owns 2,192 shares of the home improvement retailer’s stock valued at $322,000 after acquiring an additional 13 shares during the period. LVM Capital Management Ltd. MI increased its holdings in shares of Home Depot, Inc. (The) by 1.1% in the 1st quarter. LVM Capital Management Ltd. MI now owns 2,087 shares of the home improvement retailer’s stock valued at $306,000 after acquiring an additional 23 shares during the period. Finally, Baldwin Brothers Inc. MA increased its holdings in shares of Home Depot, Inc. (The) by 1.8% in the 1st quarter. Baldwin Brothers Inc. MA now owns 1,354 shares of the home improvement retailer’s stock valued at $199,000 after acquiring an additional 24 shares during the period. 71.39% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the stock. Robert W. Baird set a $175.00 target price on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Sunday, September 10th. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research note on Monday, September 11th. Vetr cut shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price objective on the stock. in a research note on Monday, June 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $179.00 price objective on shares of Home Depot, Inc. (The) in a research note on Monday, September 18th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Home Depot, Inc. (The) in a research note on Tuesday, September 12th. Two equities 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 assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $169.90.

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In related news, EVP Ann Marie Campbell sold 10,717 shares of Home Depot, Inc. (The) stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the transaction, the executive vice president now owns 64,810 shares of the company’s stock, valued at approximately $9,877,044. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The disclosure for this sale can be found here. Insiders sold a total of 57,717 shares of company stock worth $8,916,321 in the last three months. 0.26% of the stock is currently owned by company insiders.

Home Depot, Inc. (NYSE HD) opened at 159.97 on Friday. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $161.38. The firm has a 50-day moving average of $153.29 and a 200-day moving average of $152.05. The stock has a market capitalization of $188.58 billion, a price-to-earnings ratio of 23.02 and a beta of 1.07.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were paid a $0.89 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a yield of 2.23%. Home Depot, Inc. (The)’s dividend payout ratio is currently 51.15%.

About Home Depot, Inc. (The)

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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