Lederer & Associates Investment Counsel CA lowered its position in Home Depot Inc (NYSE:HD) by 5.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,578 shares of the home improvement retailer’s stock after selling 162 shares during the quarter. Lederer & Associates Investment Counsel CA’s holdings in Home Depot were worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in HD. Your Advocates Ltd. LLP bought a new stake in Home Depot in the first quarter valued at approximately $27,000. Lion Street Advisors LLC bought a new stake in Home Depot in the first quarter worth $28,000. Cordasco Financial Network boosted its holdings in Home Depot by 120.5% in the first quarter. Cordasco Financial Network now owns 247 shares of the home improvement retailer’s stock worth $46,000 after acquiring an additional 135 shares in the last quarter. Danda Trouve Investment Management Inc. lifted its holdings in shares of Home Depot by 960.0% during the first quarter. Danda Trouve Investment Management Inc. now owns 265 shares of the home improvement retailer’s stock valued at $49,000 after purchasing an additional 240 shares in the last quarter. Finally, NuWave Investment Management LLC bought a new position in shares of Home Depot during the second quarter valued at $57,000. 69.65% of the stock is owned by institutional investors.

Shares of NYSE HD traded up $8.17 during trading on Tuesday, reaching $257.79. 4,574,197 shares of the company traded hands, compared to its average volume of 3,905,521. The firm’s fifty day simple moving average is $247.84 and its 200 day simple moving average is $225.76. The stock has a market cap of $268.47 billion, a P/E ratio of 24.81, a PEG ratio of 2.24 and a beta of 1.06. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $259.29.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.27 by ($0.19). The company had revenue of $28.26 billion for the quarter, compared to analysts’ expectations of $27.59 billion. Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.27 EPS. As a group, equities analysts expect that Home Depot Inc will post 9.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $1.50 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $6.00 annualized dividend and a dividend yield of 2.33%. Home Depot’s dividend payout ratio is presently 58.54%.

In related news, EVP William G. Lennie sold 17,993 shares of Home Depot stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total value of $4,246,707.86. Following the completion of the transaction, the executive vice president now owns 54,405 shares in the company, valued at approximately $12,840,668.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.26% of the stock is owned by insiders.

HD has been the subject of a number of recent analyst reports. Barclays reaffirmed a “buy” rating and issued a $260.00 price objective (up previously from $235.00) on shares of Home Depot in a research note on Wednesday, May 20th. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $261.00 price target for the company in a research note on Monday, June 1st. UBS Group increased their price target on Home Depot from $265.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Nomura Instinet raised their price objective on Home Depot from $252.00 to $266.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Loop Capital raised their price objective on Home Depot from $235.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Home Depot currently has a consensus rating of “Buy” and a consensus price target of $255.47.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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