Ballentine Partners LLC Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Ballentine Partners LLC boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 23,181 shares of the home improvement retailer’s stock after purchasing an additional 464 shares during the quarter. Ballentine Partners LLC’s holdings in Home Depot were worth $7,980,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at about $27,000. Kings Path Partners LLC bought a new stake in Home Depot during the second quarter valued at approximately $33,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in Home Depot during the first quarter valued at approximately $38,000. Burkett Financial Services LLC purchased a new stake in Home Depot during the fourth quarter valued at approximately $38,000. Finally, Livelsberger Financial Advisory bought a new position in Home Depot in the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD traded down $1.80 during midday trading on Friday, reaching $360.05. 2,228,832 shares of the stock traded hands, compared to its average volume of 3,406,975. The company’s 50 day moving average is $357.27 and its 200 day moving average is $354.04. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The stock has a market capitalization of $357.03 billion, a PE ratio of 24.15, a P/E/G ratio of 2.55 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the business earned $4.65 earnings per share. Home Depot’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.50%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. DA Davidson boosted their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Loop Capital decreased their price objective on Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. Finally, UBS Group raised their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $387.79.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.