Orleans Capital Management Corp LA Has $5.34 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Orleans Capital Management Corp LA cut its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,507 shares of the home improvement retailer’s stock after selling 190 shares during the quarter. Home Depot accounts for about 3.4% of Orleans Capital Management Corp LA’s holdings, making the stock its 6th biggest holding. Orleans Capital Management Corp LA’s holdings in Home Depot were worth $5,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. J. W. Coons Advisors LLC raised its stake in shares of Home Depot by 1.0% during the fourth quarter. J. W. Coons Advisors LLC now owns 7,345 shares of the home improvement retailer’s stock worth $2,546,000 after acquiring an additional 71 shares in the last quarter. Carmignac Gestion raised its stake in shares of Home Depot by 41.1% during the fourth quarter. Carmignac Gestion now owns 3,234 shares of the home improvement retailer’s stock worth $1,121,000 after acquiring an additional 942 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Home Depot by 2.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,957,351 shares of the home improvement retailer’s stock worth $678,320,000 after acquiring an additional 37,663 shares in the last quarter. Royal London Asset Management Ltd. raised its stake in shares of Home Depot by 2.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 632,998 shares of the home improvement retailer’s stock worth $219,365,000 after acquiring an additional 12,701 shares in the last quarter. Finally, ROI Financial Advisors LLC purchased a new position in shares of Home Depot in the fourth quarter worth $5,029,000. 70.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on HD. Stifel Nicolaus decreased their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Thursday, September 12th. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Truist Financial decreased their target price on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, Melius Research began coverage on shares of Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $394.08.

Home Depot Stock Performance

Shares of HD stock opened at $405.02 on Tuesday. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $405.31. The stock has a market cap of $401.62 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The company’s fifty day moving average price is $368.93 and its 200-day moving average price is $355.11.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.65 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is 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.