Riverpoint Wealth Management Holdings LLC cut its position in Home Depot, Inc. (The) (NYSE:HD) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,432 shares of the home improvement retailer’s stock after selling 56 shares during the period. Home Depot, Inc. (The) comprises about 0.3% of Riverpoint Wealth Management Holdings LLC’s portfolio, making the stock its 25th largest position. Riverpoint Wealth Management Holdings LLC’s holdings in Home Depot, Inc. (The) were worth $368,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Jackson Grant Investment Advisers Inc. raised its holdings in Home Depot, Inc. (The) by 0.4% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock worth $241,000 after purchasing an additional 6 shares during the period. Mascoma Wealth Management LLC raised its holdings in shares of Home Depot, Inc. (The) by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after acquiring an additional 7 shares during the period. Paragon Wealth Strategies LLC raised its holdings in shares of Home Depot, Inc. (The) by 0.4% during the second quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock worth $280,000 after acquiring an additional 7 shares during the period. Pineno Levin & Ford Asset Management Inc. raised its holdings in shares of Home Depot, Inc. (The) by 0.3% during the first quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock worth $400,000 after acquiring an additional 9 shares during the period. Finally, Silicon Valley Capital Partners raised its holdings in shares of Home Depot, Inc. (The) by 0.6% during the second quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock worth $228,000 after acquiring an additional 9 shares during the period. Institutional investors own 71.14% of the company’s stock.

A number of brokerages recently commented on HD. Jefferies Group LLC restated a “buy” rating and set a $182.00 price objective on shares of Home Depot, Inc. (The) in a report on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and set a $178.00 price objective on shares of Home Depot, Inc. (The) in a report on Wednesday, August 16th. SunTrust Banks, Inc. raised their price objective on shares of Home Depot, Inc. (The) to $167.00 and gave the stock a “hold” rating in a report on Wednesday, November 15th. Citigroup Inc. raised their price objective on shares of Home Depot, Inc. (The) from $179.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. Finally, Telsey Advisory Group restated an “outperform” rating on shares of Home Depot, Inc. (The) in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $175.66.

In related news, EVP Matt Carey sold 32,000 shares of Home Depot, Inc. (The) stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.26% of the company’s stock.

Shares of Home Depot, Inc. (HD) opened at $172.06 on Thursday. The company has a market cap of $201,857.09, a PE ratio of 24.01, a P/E/G ratio of 1.75 and a beta of 1.08. 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 twelve month low of $128.68 and a twelve month high of $172.94.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, November 29th. Home Depot, Inc. (The)’s payout ratio is 49.44%.

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Home Depot, Inc. (The) 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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Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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