The Home Depot, Inc. (NYSE:HD) Shares Sold by Truepoint Inc.

Truepoint Inc. lowered its stake in The Home Depot, Inc. (NYSE:HD) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,430 shares of the home improvement retailer’s stock after selling 129 shares during the quarter. Truepoint Inc.’s holdings in Home Depot were worth $492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HD. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot in the fourth quarter valued at $27,000. Kings Path Partners LLC acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $33,000. Burkett Financial Services LLC acquired a new position in Home Depot in the fourth quarter worth approximately $38,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Home Depot during the first quarter worth $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in Home Depot during the 4th quarter worth about $39,000. Institutional investors own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HD. Raymond James reissued a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. TD Cowen lowered their price objective on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Loop Capital reduced their target price on Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Truist Financial decreased their target price on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, DA Davidson upped their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $387.79.

Home Depot Stock Up 0.7 %

Shares of HD stock opened at $364.23 on Friday. The stock’s 50 day simple moving average is $356.96 and its 200 day simple moving average is $354.11. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The company has a market capitalization of $361.18 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.55 and a beta of 0.98.

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

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Home Depot Company 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.