Argus Investors Counsel Inc. Has $4,949,000 Position in The Home Depot Inc. (HD)
Argus Investors Counsel Inc. reduced its position in The Home Depot Inc. (NYSE:HD) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,755 shares of the home improvement retailer’s stock after selling 1,840 shares during the period. The Home Depot makes up 2.1% of Argus Investors Counsel Inc.’s holdings, making the stock its 8th largest position. Argus Investors Counsel Inc.’s holdings in The Home Depot were worth $4,949,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. First PREMIER Bank raised its stake in The Home Depot by 29.2% in the second quarter. First PREMIER Bank now owns 885 shares of the home improvement retailer’s stock worth $113,000 after buying an additional 200 shares during the last quarter. RPg Family Wealth Advisory LLC raised its stake in The Home Depot by 87.2% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,404 shares of the home improvement retailer’s stock worth $187,000 after buying an additional 654 shares during the last quarter. Catamount Wealth Management raised its stake in The Home Depot by 2,784.0% in the first quarter. Catamount Wealth Management now owns 1,442 shares of the home improvement retailer’s stock worth $192,000 after buying an additional 1,392 shares during the last quarter. Highland Private Wealth Management acquired a new stake in The Home Depot during the first quarter worth about $212,000. Finally, Cape ANN Savings Bank raised its stake in The Home Depot by 5.6% in the second quarter. Cape ANN Savings Bank now owns 1,747 shares of the home improvement retailer’s stock worth $223,000 after buying an additional 92 shares during the last quarter. 71.86% of the stock is owned by institutional investors and hedge funds.
The Home Depot Inc. (NYSE:HD) traded down 0.32% on Thursday, hitting $126.29. 3,655,714 shares of the stock were exchanged. The Home Depot Inc. has a 1-year low of $109.62 and a 1-year high of $139.00. The company has a market capitalization of $156.04 billion, a PE ratio of 21.38 and a beta of 0.97. The company has a 50-day moving average price of $129.56 and a 200 day moving average price of $132.46.
The Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.97. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The company earned $26.47 billion during the quarter, compared to the consensus estimate of $26.47 billion. During the same quarter in the prior year, the firm posted $1.71 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Analysts anticipate that The Home Depot Inc. will post $6.33 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 2.19%. The ex-dividend date was Tuesday, August 30th. The Home Depot’s payout ratio is 46.54%.
A number of analysts have recently issued reports on HD shares. Deutsche Bank AG increased their target price on The Home Depot from $143.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Vetr lowered The Home Depot from a “strong-buy” rating to a “buy” rating and set a $139.51 target price for the company. in a report on Monday, July 4th. Jefferies Group restated a “buy” rating on shares of The Home Depot in a report on Sunday, July 3rd. Nomura upgraded The Home Depot from a “neutral” rating to a “buy” rating and increased their target price for the company from $140.00 to $155.00 in a report on Thursday, June 23rd. Finally, Stifel Nicolaus assumed coverage on shares of The Home Depot in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $157.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The Home Depot currently has a consensus rating of “Buy” and a consensus target price of $146.86.
In related news, CFO Carol B. Tome sold 97,610 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $135.35, for a total value of $13,211,513.50. Following the completion of the transaction, the chief financial officer now owns 644,831 shares of the company’s stock, valued at approximately $87,277,875.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Timothy M. Crow sold 49,392 shares of the stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $135.06, for a total transaction of $6,670,883.52. Following the completion of the transaction, the executive vice president now directly owns 224,905 shares of the company’s stock, valued at approximately $30,375,669.30. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.
About The 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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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