Home Depot Inc (HD) Position Reduced by Argus Investors Counsel Inc.

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Argus Investors Counsel Inc. trimmed its stake in shares of Home Depot Inc (NYSE:HD) by 4.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 25,637 shares of the home improvement retailer’s stock after selling 1,321 shares during the period. Home Depot makes up 2.3% of Argus Investors Counsel Inc.’s investment portfolio, making the stock its 6th biggest position. Argus Investors Counsel Inc.’s holdings in Home Depot were worth $5,002,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nadler Financial Group Inc. lifted its holdings in shares of Home Depot by 11.6% in the 2nd quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock valued at $496,000 after purchasing an additional 264 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in shares of Home Depot by 4.6% in the 1st quarter. First Mercantile Trust Co. now owns 6,216 shares of the home improvement retailer’s stock valued at $1,108,000 after purchasing an additional 274 shares during the last quarter. Concentric Wealth Management LLC lifted its holdings in shares of Home Depot by 4.3% in the 1st quarter. Concentric Wealth Management LLC now owns 6,667 shares of the home improvement retailer’s stock valued at $1,188,000 after purchasing an additional 275 shares during the last quarter. Lodestar Investment Counsel LLC IL lifted its holdings in shares of Home Depot by 3.2% in the 2nd quarter. Lodestar Investment Counsel LLC IL now owns 9,013 shares of the home improvement retailer’s stock valued at $1,758,000 after purchasing an additional 280 shares during the last quarter. Finally, Field & Main Bank lifted its holdings in shares of Home Depot by 2.1% in the 1st quarter. Field & Main Bank now owns 13,916 shares of the home improvement retailer’s stock valued at $2,480,000 after purchasing an additional 281 shares during the last quarter. 68.47% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on the company. Loop Capital set a $187.00 target price on Home Depot and gave the company a “hold” rating in a report on Tuesday, May 15th. Deutsche Bank set a $210.00 target price on Home Depot and gave the company a “buy” rating in a report on Tuesday, May 15th. Citigroup reissued a “buy” rating and issued a $227.00 target price on shares of Home Depot in a report on Wednesday, August 15th. Credit Suisse Group set a $222.00 target price on Home Depot and gave the company a “buy” rating in a report on Monday, May 14th. Finally, Wells Fargo & Co set a $205.00 target price on Home Depot and gave the company a “buy” rating in a report on Tuesday, May 15th. Seven analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $204.96.

In other news, EVP William G. Lennie sold 10,854 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the transaction, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at approximately $8,077,093.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Matt Carey sold 4,125 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total value of $806,148.75. Following the transaction, the executive vice president now directly owns 60,179 shares of the company’s stock, valued at $11,760,781.97. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

HD opened at $206.23 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 11.60. The company has a market cap of $233.58 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 1.61 and a beta of 1.10. Home Depot Inc has a 52 week low of $156.22 and a 52 week high of $207.60.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.21. The firm had revenue of $30.46 billion during the quarter, compared to the consensus estimate of $30.04 billion. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. equities research analysts expect that Home Depot Inc will post 9.58 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, August 29th. Home Depot’s dividend payout ratio (DPR) is 55.23%.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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