Johnson Investment Counsel Inc. Cuts Holdings in The Home Depot, Inc. (NYSE:HD)

Johnson Investment Counsel Inc. decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,299 shares of the home improvement retailer’s stock after selling 662 shares during the period. Johnson Investment Counsel Inc.’s holdings in Home Depot were worth $38,314,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot in the 4th quarter valued at $27,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot in the 2nd quarter valued at $33,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in shares of Home Depot in the 1st quarter valued at $38,000. Burkett Financial Services LLC purchased a new stake in Home Depot during the 4th quarter valued at $38,000. Finally, Livelsberger Financial Advisory purchased a new stake in Home Depot during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on HD. Loop Capital dropped their price target on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. DA Davidson increased their price target on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. HSBC dropped their price target on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. Finally, Evercore ISI dropped their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $387.79.

Home Depot Stock Down 0.1 %

Shares of Home Depot stock opened at $370.49 on Thursday. 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 company has a 50-day moving average of $359.31 and a 200 day moving average of $354.03. The firm has a market cap of $367.38 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 2.49 and a beta of 1.00. The Home Depot, Inc. has a 1 year low of $274.26 and a 1 year high of $396.87.

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

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Home Depot 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.