Home Depot, Inc. (The) (HD) Position Increased by McKinley Carter Wealth Services Inc.
McKinley Carter Wealth Services Inc. boosted its stake in Home Depot, Inc. (The) (NYSE:HD) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,236 shares of the home improvement retailer’s stock after buying an additional 31 shares during the period. Home Depot accounts for approximately 1.4% of McKinley Carter Wealth Services Inc.’s portfolio, making the stock its 15th largest position. McKinley Carter Wealth Services Inc.’s holdings in Home Depot were worth $3,104,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. American Beacon Advisors Inc. purchased a new stake in Home Depot in the first quarter worth about $100,000. St. Johns Investment Management Company LLC lifted its holdings in Home Depot by 81.8% in the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after buying an additional 495 shares during the period. Mascoma Wealth Management LLC lifted its holdings in shares of Home Depot by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after purchasing an additional 7 shares during the last quarter. Ruggie Capital Group lifted its holdings in shares of Home Depot by 12.2% during the second quarter. Ruggie Capital Group now owns 1,299 shares of the home improvement retailer’s stock valued at $199,000 after purchasing an additional 141 shares during the last quarter. Finally, Well Done LLC purchased a new position in shares of Home Depot during the second quarter valued at approximately $201,000. Institutional investors and hedge funds own 71.14% of the company’s stock.
In other Home Depot news, EVP Matt Carey sold 32,000 shares of Home Depot stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the sale, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.26% of the company’s stock.
Home Depot, Inc. (NYSE:HD) traded up $2.23 during trading hours on Monday, reaching $174.56. 1,095,774 shares of the company’s stock were exchanged, compared to its average volume of 4,401,268. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. Home Depot, Inc. has a fifty-two week low of $128.68 and a fifty-two week high of $173.10. The company has a market cap of $201,238.19, a P/E ratio of 23.93, a PEG ratio of 1.75 and a beta of 1.08.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.53 billion. During the same quarter in the previous year, the firm posted $1.60 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. equities analysts predict that Home Depot, Inc. will post 7.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is presently 49.44%.
Several equities analysts have recently issued reports on HD shares. Bank of America Corporation reiterated a “buy” rating and set a $170.00 target price on shares of Home Depot in a report on Tuesday, September 5th. Vetr upgraded shares of Home Depot from a “buy” rating to a “strong-buy” rating and set a $166.59 target price for the company in a report on Monday, August 28th. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Credit Suisse Group set a $171.00 target price on shares of Home Depot and gave the company a “buy” rating in a report on Friday, October 13th. Finally, BidaskClub lowered shares of Home Depot from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Home Depot currently has an average rating of “Buy” and an average price target of $175.66.
Home Depot Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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