Nelson Capital Management LLC Has $3.20 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Nelson Capital Management LLC trimmed its stake in The Home Depot, Inc. (NYSE:HD) by 2.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,291 shares of the home improvement retailer’s stock after selling 202 shares during the quarter. Nelson Capital Management LLC’s holdings in Home Depot were worth $3,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC acquired a new position in Home Depot in the 4th quarter worth about $27,000. Kings Path Partners LLC bought a new position in Home Depot during the second quarter valued at approximately $33,000. Burkett Financial Services LLC acquired a new stake in Home Depot in the fourth quarter valued at approximately $38,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in Home Depot in the first quarter valued at approximately $38,000. Finally, Livelsberger Financial Advisory bought a new stake in Home Depot in the fourth quarter worth approximately $39,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Performance

Home Depot stock opened at $370.49 on Thursday. The firm has a market capitalization of $367.38 billion, a P/E ratio of 24.85, a P/E/G ratio of 2.49 and a beta of 1.00. The stock has a fifty day moving average price of $359.31 and a two-hundred day moving average price of $354.03. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last announced its 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 business had revenue of $43.18 billion during 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%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the company posted $4.65 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research note on Tuesday, August 13th. DA Davidson boosted their price target on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Loop Capital lowered their price objective on Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Jefferies Financial Group initiated coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target on the stock. One investment 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $387.79.

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.