The Home Depot, Inc. (NYSE:HD) Shares Acquired by Ramsay Stattman Vela & Price Inc.

Ramsay Stattman Vela & Price Inc. boosted its holdings in The Home Depot, Inc. (NYSE:HD) by 0.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 34,822 shares of the home improvement retailer’s stock after buying an additional 84 shares during the quarter. Home Depot comprises approximately 2.3% of Ramsay Stattman Vela & Price Inc.’s investment portfolio, making the stock its 15th biggest holding. Ramsay Stattman Vela & Price Inc.’s holdings in Home Depot were worth $11,987,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at $27,000. Kings Path Partners LLC acquired a new position in Home Depot in the second quarter valued at $33,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in Home Depot during the first quarter valued at about $38,000. Burkett Financial Services LLC acquired a new stake in Home Depot during the fourth quarter worth about $38,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Home Depot in the 4th quarter worth about $39,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Stock Up 0.4 %

NYSE HD traded up $1.44 during trading hours on Friday, reaching $368.50. 3,216,660 shares of the company traded hands, compared to its average volume of 3,501,517. The stock has a market capitalization of $366.03 billion, a PE ratio of 24.71, a PEG ratio of 2.55 and a beta of 0.98. 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 12 month low of $274.26 and a 12 month high of $396.87. The company has a 50 day moving average of $355.21 and a two-hundred day moving average of $353.95.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for 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%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.65 EPS. As a group, equities analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be given 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 2.44%. Home Depot’s payout ratio is 60.36%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HD. Stifel Nicolaus decreased their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. UBS Group boosted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Royal Bank of Canada cut their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Truist Financial reduced their target price on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Finally, Wells Fargo & Company lowered their price target on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. One research 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. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $386.33.

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.