Home Depot, Inc. (The) (HD) Shares Sold by Keating Investment Counselors Inc.

Keating Investment Counselors Inc. lowered its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,791 shares of the home improvement retailer’s stock after selling 2,420 shares during the period. Home Depot accounts for approximately 4.6% of Keating Investment Counselors Inc.’s portfolio, making the stock its 2nd biggest holding. Keating Investment Counselors Inc.’s holdings in Home Depot were worth $10,553,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Harbour Capital Advisors LLC boosted its position in Home Depot by 15,121.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock worth $12,158,000 after acquiring an additional 1,852,784 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Home Depot by 43.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock valued at $841,602,000 after purchasing an additional 1,734,963 shares in the last quarter. Jennison Associates LLC grew its stake in Home Depot by 14.4% in the second quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock valued at $930,903,000 after purchasing an additional 761,586 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Home Depot during the 1st quarter worth about $99,739,000. Finally, State Street Corp boosted its stake in shares of Home Depot by 0.7% during the 1st quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock worth $8,185,463,000 after acquiring an additional 396,271 shares in the last quarter. 70.37% of the stock is currently owned by hedge funds and other institutional investors.

HD has been the subject of several recent analyst reports. BTIG Research increased their target price on Home Depot to $215.00 and gave the company a “buy” rating in a research note on Thursday. Argus increased their target price on Home Depot from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Oppenheimer set a $178.00 price target on Home Depot and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Finally, Jefferies Group restated a “buy” rating and issued a $182.00 price target on shares of Home Depot in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $180.86.

Home Depot, Inc. (NYSE:HD) traded down $2.05 during midday trading on Thursday, hitting $180.80. 6,892,400 shares of the stock were exchanged, compared to its average volume of 4,459,042. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. Home Depot, Inc. has a 52 week low of $128.75 and a 52 week high of $186.31. The firm has a market capitalization of $213,522.92, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.53 billion. During the same period in the previous year, the business earned $1.60 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. research analysts predict that Home Depot, Inc. will post 7.38 earnings per share for the current year.

Home Depot declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 6th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 1.97%. Home Depot’s dividend payout ratio is currently 49.44%.

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About Home Depot

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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

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