Keating Investment Counselors Inc. Trims Position in The Home Depot, Inc. (NYSE:HD)

Keating Investment Counselors Inc. lessened its position in shares of The Home Depot, Inc. (NYSE:HD) by 33.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,448 shares of the home improvement retailer’s stock after selling 7,845 shares during the quarter. Home Depot accounts for 1.7% of Keating Investment Counselors Inc.’s portfolio, making the stock its 17th biggest holding. Keating Investment Counselors Inc.’s holdings in Home Depot were worth $5,318,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Frank Rimerman Advisors LLC bought a new stake in Home Depot during the fourth quarter valued at about $27,000. Kings Path Partners LLC bought a new stake in Home Depot during the second quarter valued at about $33,000. Burkett Financial Services LLC bought a new stake in Home Depot during the fourth quarter valued at about $38,000. A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot during the first quarter valued at about $38,000. Finally, Livelsberger Financial Advisory bought a new stake in Home Depot during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the subject of several recent research reports. Evercore ISI cut their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. 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. Stifel Nicolaus dropped their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Loop Capital dropped their price objective on Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Finally, Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. 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. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus price target of $387.79.

Home Depot Stock Down 0.5 %

Shares of NYSE HD opened at $360.05 on Friday. 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 stock has a market capitalization of $357.03 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.55 and a beta of 1.00. The Home Depot, Inc. has a 12-month low of $274.26 and a 12-month high of $396.87. The stock’s fifty day simple moving average is $357.27 and its two-hundred day simple moving average is $354.04.

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

Home Depot Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.50%. Home Depot’s payout ratio 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.