The Home Depot, Inc. (NYSE:HD) Stock Holdings Raised by Torray Investment Partners LLC

Torray Investment Partners LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,578 shares of the home improvement retailer’s stock after acquiring an additional 1,136 shares during the quarter. Home Depot comprises about 2.5% of Torray Investment Partners LLC’s investment portfolio, making the stock its 8th biggest position. Torray Investment Partners LLC’s holdings in Home Depot were worth $16,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target for the company. Royal Bank of Canada dropped their price target on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Truist Financial lowered their price objective on Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Evercore ISI lowered their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. One equities 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $387.79.

Home Depot Trading Down 0.5 %

Shares of Home Depot stock traded down $1.80 during trading hours on Friday, reaching $360.05. The stock had a trading volume of 2,228,832 shares, compared to its average volume of 3,406,975. The firm has a market capitalization of $357.03 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 2.55 and a beta of 0.98. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The firm has a 50 day simple moving average of $357.27 and a two-hundred day simple moving average of $354.10.

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

Home Depot Announces Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.50%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

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.