Hyperion Partners LLC Has $382,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Hyperion Partners LLC cut its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 6.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 995 shares of the home improvement retailer’s stock after selling 74 shares during the period. Hyperion Partners LLC’s holdings in Home Depot were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board raised its position in shares of Home Depot by 142.7% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 4,791 shares of the home improvement retailer’s stock valued at $1,448,000 after acquiring an additional 2,817 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Home Depot by 3,216.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,740 shares of the home improvement retailer’s stock worth $3,547,000 after purchasing an additional 11,386 shares in the last quarter. Algert Global LLC bought a new stake in Home Depot during the 3rd quarter worth approximately $245,000. Personal CFO Solutions LLC increased its stake in Home Depot by 3.9% during the 3rd quarter. Personal CFO Solutions LLC now owns 2,974 shares of the home improvement retailer’s stock worth $899,000 after purchasing an additional 111 shares in the last quarter. Finally, Hollencrest Capital Management increased its stake in Home Depot by 1.6% during the 3rd quarter. Hollencrest Capital Management now owns 4,672 shares of the home improvement retailer’s stock worth $1,412,000 after purchasing an additional 75 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research reports. DA Davidson reissued a “neutral” rating and set a $370.00 target price on shares of Home Depot in a research note on Monday, April 1st. UBS Group decreased their price target on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Guggenheim reaffirmed a “buy” rating and set a $390.00 price target on shares of Home Depot in a research note on Friday, April 5th. Wedbush reissued an “outperform” rating and issued a $410.00 target price on shares of Home Depot in a research note on Friday, May 10th. Finally, Evercore ISI raised their target price on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $377.46.

Home Depot Price Performance

HD stock traded up $2.36 during midday trading on Friday, reaching $355.80. The company had a trading volume of 6,596,539 shares, compared to its average volume of 3,061,367. The company has a market capitalization of $352.81 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00. The stock has a 50 day moving average price of $337.65 and a 200-day moving average price of $352.23. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The business had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. Home Depot’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.82 earnings per share. Equities research analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is presently 60.36%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

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.