Counterweight Ventures LLC Buys 158 Shares of The Home Depot, Inc. (NYSE:HD)

Counterweight Ventures LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,356 shares of the home improvement retailer’s stock after buying an additional 158 shares during the period. Home Depot accounts for 1.9% of Counterweight Ventures LLC’s portfolio, making the stock its 22nd largest position. Counterweight Ventures LLC’s holdings in Home Depot were worth $2,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Frank Rimerman Advisors LLC purchased a new stake in Home Depot in the fourth quarter worth about $27,000. Kings Path Partners LLC purchased a new stake in Home Depot in the second quarter worth about $33,000. Burkett Financial Services LLC purchased a new stake in Home Depot in the fourth quarter worth about $38,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in Home Depot in the first quarter worth about $38,000. Finally, Livelsberger Financial Advisory purchased a new stake in Home Depot in the fourth quarter worth about $39,000. 70.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HD shares. Truist Financial cut their price objective on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Stifel Nicolaus cut their price target 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. HSBC cut their price target on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. Evercore ISI cut their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Finally, Jefferies Financial Group started coverage on shares of Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $387.79.

Home Depot Stock Down 0.5 %

HD opened at $360.05 on Friday. 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 Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a market capitalization of $357.03 billion, a PE ratio of 24.15, a PEG ratio of 2.55 and a beta of 1.00. The firm’s 50 day simple moving average is $357.27 and its two-hundred day simple moving average is $354.04.

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

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.50%. Home Depot’s payout ratio is 60.36%.

About Home Depot

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.