The Home Depot, Inc. (NYSE:HD) is Waters Parkerson & CO. LLC’s 6th Largest Position

Waters Parkerson & CO. LLC lessened its position in The Home Depot, Inc. (NYSE:HD) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 200,434 shares of the home improvement retailer’s stock after selling 893 shares during the quarter. Home Depot makes up about 3.7% of Waters Parkerson & CO. LLC’s investment portfolio, making the stock its 6th largest holding. Waters Parkerson & CO. LLC’s holdings in Home Depot were worth $68,998,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HD. Fairway Wealth LLC purchased a new stake in Home Depot in the second quarter worth about $25,000. Frank Rimerman Advisors LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $27,000. Kings Path Partners LLC bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $33,000. Burkett Financial Services LLC purchased a new stake in shares of Home Depot in the 4th quarter worth approximately $38,000. Finally, A.P. Gilfoyle & Co. L.P. bought a new position in Home Depot during the 1st quarter valued at approximately $38,000. 70.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HD has been the topic of a number of recent research reports. Royal Bank of Canada cut their target price on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. UBS Group increased their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Loop Capital lifted their target price on shares of Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday. Evercore ISI dropped their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $389.04.

Home Depot Trading Up 1.7 %

NYSE:HD opened at $390.39 on Friday. The firm has a market capitalization of $387.12 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 2.57 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The business has a fifty day moving average price of $364.35 and a 200-day moving average price of $354.38. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.31%. Home Depot’s payout ratio is presently 60.36%.

Home Depot Company Profile

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.