The Home Depot, Inc. (NYSE:HD) Shares Sold by Clearwater Capital Advisors LLC

Clearwater Capital Advisors LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 4.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,920 shares of the home improvement retailer’s stock after selling 85 shares during the period. Clearwater Capital Advisors LLC’s holdings in Home Depot were worth $661,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Morton Community Bank increased its position in Home Depot by 8.2% in the 2nd quarter. Morton Community Bank now owns 11,428 shares of the home improvement retailer’s stock valued at $3,934,000 after acquiring an additional 868 shares during the period. Werba Rubin Papier Wealth Management increased its stake in Home Depot by 10.9% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 1,195 shares of the home improvement retailer’s stock valued at $411,000 after buying an additional 117 shares during the period. Paralel Advisors LLC bought a new stake in shares of Home Depot during the 2nd quarter worth about $2,048,000. Waddell & Associates LLC lifted its stake in shares of Home Depot by 1.5% in the 2nd quarter. Waddell & Associates LLC now owns 5,037 shares of the home improvement retailer’s stock worth $1,734,000 after acquiring an additional 72 shares during the period. Finally, Ausdal Financial Partners Inc. boosted its holdings in shares of Home Depot by 4.9% in the second quarter. Ausdal Financial Partners Inc. now owns 3,481 shares of the home improvement retailer’s stock valued at $1,198,000 after acquiring an additional 164 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Down 0.5 %

NYSE HD traded down $1.80 during trading on Friday, reaching $360.05. 2,228,832 shares of the company’s stock were exchanged, compared to its average volume of 3,406,975. 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 Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company’s fifty day simple moving average is $357.27 and its 200-day simple moving average is $354.04. The firm has a market capitalization of $357.03 billion, a PE ratio of 24.15, a P/E/G ratio of 2.55 and a beta of 1.00.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analysts Set New Price Targets

Several brokerages recently commented on HD. Evercore ISI dropped their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. UBS Group raised their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Stifel Nicolaus dropped their price target on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $387.79.

About Home Depot

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.