Roanoke Asset Management Corp NY cut its holdings in shares of Home Depot Inc (NYSE:HD) by 5.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,491 shares of the home improvement retailer’s stock after selling 2,475 shares during the period. Home Depot makes up about 4.5% of Roanoke Asset Management Corp NY’s portfolio, making the stock its 3rd largest holding. Roanoke Asset Management Corp NY’s holdings in Home Depot were worth $9,265,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Lucia Wealth Services LLC acquired a new stake in Home Depot in the 1st quarter worth about $101,000. Earnest Partners LLC acquired a new stake in Home Depot in the 4th quarter worth about $108,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in Home Depot in the 4th quarter worth about $112,000. Institutional & Family Asset Management LLC acquired a new stake in Home Depot in the 1st quarter worth about $108,000. Finally, Clarus Wealth Advisors acquired a new stake in Home Depot in the 2nd quarter worth about $136,000. Hedge funds and other institutional investors own 69.03% of the company’s stock.

Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Jefferies Financial Group assumed coverage on Home Depot in a report on Tuesday, August 21st. They issued a “buy” rating and a $228.00 price objective on the stock. UBS Group lifted their price objective on Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, June 20th. Citigroup lifted their price objective on Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, August 10th. Finally, Loop Capital set a $200.00 price objective on Home Depot and gave the stock a “hold” rating in a report on Wednesday, July 11th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Home Depot currently has a consensus rating of “Buy” and an average target price of $204.96.

Shares of Home Depot stock opened at $209.07 on Friday. The company has a market cap of $242.53 billion, a PE ratio of 24.48, a P/E/G ratio of 1.67 and a beta of 1.10. Home Depot Inc has a 1-year low of $157.16 and a 1-year high of $215.43. The company has a debt-to-equity ratio of 11.60, a quick ratio of 0.37 and a current ratio of 1.13.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Wednesday, August 29th. Home Depot’s dividend payout ratio is currently 55.23%.

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

Home Depot Profile

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 d├ęcor 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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