Everett Harris & Co. CA Has $42.12 Million Stake in The Home Depot, Inc. (NYSE:HD)

Everett Harris & Co. CA lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 0.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 103,938 shares of the home improvement retailer’s stock after selling 742 shares during the period. Home Depot accounts for about 0.5% of Everett Harris & Co. CA’s portfolio, making the stock its 29th largest position. Everett Harris & Co. CA’s holdings in Home Depot were worth $42,116,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alaska Permanent Fund Corp bought a new stake in shares of Home Depot during the first quarter valued at approximately $96,000. Daymark Wealth Partners LLC grew its position in Home Depot by 0.9% in the 1st quarter. Daymark Wealth Partners LLC now owns 173,582 shares of the home improvement retailer’s stock valued at $66,586,000 after purchasing an additional 1,550 shares during the period. BTC Capital Management Inc. bought a new stake in Home Depot during the 1st quarter valued at $5,549,000. PFW Advisors LLC raised its holdings in Home Depot by 1.8% during the first quarter. PFW Advisors LLC now owns 8,225 shares of the home improvement retailer’s stock worth $3,155,000 after buying an additional 143 shares during the last quarter. Finally, Allied Investment Advisors LLC lifted its stake in shares of Home Depot by 3.8% in the first quarter. Allied Investment Advisors LLC now owns 1,838 shares of the home improvement retailer’s stock valued at $705,000 after buying an additional 68 shares in the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

Shares of Home Depot stock opened at $415.00 on Friday. The business’s 50-day moving average price is $385.10 and its 200-day moving average price is $358.50. The firm has a market capitalization of $411.52 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $421.56. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

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, 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 firm 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 posted $4.65 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. Sell-side analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.17%. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Oppenheimer boosted their price objective on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Evercore ISI decreased their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a research note on Wednesday, October 2nd. Royal Bank of Canada cut their price target on 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 price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $404.69.

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.