Hall Capital Management Co. Inc. lifted its holdings in shares of Home Depot, Inc. (The) (NYSE:HD) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,489 shares of the home improvement retailer’s stock after purchasing an additional 241 shares during the quarter. Hall Capital Management Co. Inc.’s holdings in Home Depot were worth $689,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. raised its position in Home Depot by 0.4% in the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock valued at $241,000 after buying an additional 6 shares during the last quarter. Mascoma Wealth Management LLC raised its position in Home Depot by 0.6% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after buying an additional 7 shares during the last quarter. Paragon Wealth Strategies LLC raised its position in Home Depot by 0.4% in the 2nd quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock valued at $280,000 after buying an additional 7 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. raised its position in Home Depot by 0.3% in the 1st quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock valued at $400,000 after buying an additional 9 shares during the last quarter. Finally, Silicon Valley Capital Partners raised its position in Home Depot by 0.6% in the 2nd quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock valued at $228,000 after buying an additional 9 shares during the last quarter. 70.37% of the stock is currently owned by institutional investors.

Shares of Home Depot, Inc. (NYSE:HD) traded down $1.42 during midday trading on Monday, hitting $181.99. The stock had a trading volume of 1,910,362 shares, compared to its average volume of 4,466,046. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. Home Depot, Inc. has a one year low of $131.10 and a one year high of $186.31. The company has a market cap of $214,176.86, a P/E ratio of 25.47, a P/E/G ratio of 1.86 and a beta of 1.11.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.53 billion. During the same period in the previous year, the company posted $1.60 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. equities analysts predict that Home Depot, Inc. will post 7.37 EPS for the current fiscal year.

Home Depot declared that its Board of Directors has approved a stock buyback program on Wednesday, December 6th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.89 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 1.96%. Home Depot’s dividend payout ratio is currently 49.44%.

A number of equities research analysts recently issued reports on HD shares. Longbow Research reissued a “buy” rating and issued a $175.00 target price on shares of Home Depot in a research report on Monday, August 14th. Oppenheimer set a $178.00 target price on Home Depot and gave the company a “buy” rating in a research report on Tuesday, August 15th. Robert W. Baird set a $175.00 target price on Home Depot and gave the company a “buy” rating in a research report on Tuesday, August 15th. Credit Suisse Group set a $171.00 target price on Home Depot and gave the company a “buy” rating in a research report on Tuesday, August 15th. Finally, BTIG Research reissued a “buy” rating and issued a $175.00 target price on shares of Home Depot in a research report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Home Depot presently has an average rating of “Buy” and a consensus target price of $182.06.

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About Home Depot

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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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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