Home Depot Inc (HD) Stake Lowered by Roanoke Asset Management Corp NY
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.
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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
Featured Article: Risk Tolerance and Your Investment Decisions
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.