Jensen Investment Management Inc. Has $178.72 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Jensen Investment Management Inc. decreased its position in The Home Depot, Inc. (NYSE:HD) by 39.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 519,179 shares of the home improvement retailer’s stock after selling 332,729 shares during the quarter. Home Depot accounts for approximately 1.5% of Jensen Investment Management Inc.’s holdings, making the stock its 24th largest holding. Jensen Investment Management Inc.’s holdings in Home Depot were worth $178,722,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC acquired a new position in Home Depot during the 4th quarter worth approximately $27,000. Kings Path Partners LLC bought a new stake in shares of Home Depot in the second quarter worth $33,000. Burkett Financial Services LLC acquired a new position in Home Depot during the fourth quarter worth $38,000. A.P. Gilfoyle & Co. L.P. bought a new position in Home Depot in the first quarter valued at $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in Home Depot in the 4th quarter valued at $39,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of HD traded up $1.87 during midday trading on Friday, hitting $363.72. The company’s stock had a trading volume of 168,741 shares, compared to its average volume of 3,395,004. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The stock has a market capitalization of $360.67 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The company’s fifty day simple moving average is $356.96 and its two-hundred day simple moving average is $354.11.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.65 earnings per share. As a group, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors 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 2.47%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio is 60.36%.

Analysts Set New Price Targets

HD has been the subject of several analyst reports. Raymond James restated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. Wells Fargo & Company decreased their price target on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. UBS Group upped their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Royal Bank of Canada decreased their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Finally, Stifel Nicolaus lowered their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $387.79.

Home Depot Profile

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.