Clearwater Capital Advisors LLC Trims Stock Position in The Home Depot, Inc. (NYSE:HD)

Clearwater Capital Advisors LLC decreased its holdings in The Home Depot, Inc. (NYSE:HD) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,920 shares of the home improvement retailer’s stock after selling 85 shares during the quarter. Clearwater Capital Advisors LLC’s holdings in Home Depot were worth $661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gilbert & Cook Inc. lifted its stake in shares of Home Depot by 3.9% in the 4th quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock valued at $1,475,000 after purchasing an additional 158 shares in the last quarter. Aveo Capital Partners LLC raised its holdings in Home Depot by 4.8% in the fourth quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock valued at $931,000 after buying an additional 122 shares during the period. 9258 Wealth Management LLC lifted its position in Home Depot by 4.2% during the fourth quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock valued at $4,811,000 after buying an additional 557 shares in the last quarter. Gryphon Financial Partners LLC grew its stake in Home Depot by 161.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock worth $2,188,000 after buying an additional 3,923 shares during the period. Finally, Northwest Financial Advisors acquired a new stake in shares of Home Depot in the fourth quarter worth $56,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HD shares. TD Cowen reduced their target price on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Evercore ISI reduced their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. HSBC reduced their price target on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. Finally, UBS Group increased their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $387.79.

Home Depot Stock Performance

HD traded down $1.80 during trading hours on Friday, hitting $360.05. 2,228,832 shares of the stock were exchanged, compared to its average volume of 3,406,975. The stock has a market cap of $357.03 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.55 and a beta of 1.00. The stock has a 50-day simple moving average of $357.27 and a 200-day simple moving average of $354.04. 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 Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HD) last posted its quarterly 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. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period last year, the firm posted $4.65 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend 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%.

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.