Kimelman & Baird LLC Lowers Position in Home Depot, Inc. (The) (HD)

Kimelman & Baird LLC reduced its holdings in shares of Home Depot, Inc. (The) (NYSE:HD) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,014 shares of the home improvement retailer’s stock after selling 1,923 shares during the period. Home Depot accounts for about 3.5% of Kimelman & Baird LLC’s investment portfolio, making the stock its 7th largest holding. Kimelman & Baird LLC’s holdings in Home Depot were worth $23,166,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HD. Jacobi Capital Management LLC raised its holdings in Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after buying an additional 101 shares during the last quarter. Glassman Wealth Services raised its holdings in Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after buying an additional 300 shares during the last quarter. St. Johns Investment Management Company LLC raised its holdings in Home Depot by 81.8% in the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after buying an additional 495 shares during the last quarter. Mascoma Wealth Management LLC raised its holdings in Home Depot by 0.6% in the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after buying an additional 7 shares during the last quarter. Finally, Acrospire Investment Management LLC raised its holdings in Home Depot by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the home improvement retailer’s stock worth $184,000 after buying an additional 900 shares during the last quarter. 70.37% of the stock is owned by institutional investors.

A number of analysts have recently commented on HD shares. UBS reiterated a “buy” rating and issued a $175.00 price target on shares of Home Depot in a research note on Friday, August 18th. Vetr upgraded shares of Home Depot from a “buy” rating to a “strong-buy” rating and set a $166.59 price target for the company in a research note on Monday, August 21st. BidaskClub lowered shares of Home Depot from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Bank of America reiterated a “buy” rating and issued a $170.00 price target on shares of Home Depot in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Home Depot presently has an average rating of “Buy” and an average price target of $183.28.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the transaction, the executive vice president now directly owns 29,559 shares in the company, valued at $5,410,183.77. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Shares of Home Depot, Inc. (HD) opened at $182.58 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. The stock has a market cap of $212,682.14, a P/E ratio of 25.30, a P/E/G ratio of 1.85 and a beta of 1.11. Home Depot, Inc. has a 12-month low of $133.05 and a 12-month high of $186.31.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.03. The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.60 earnings per share. equities analysts predict that Home Depot, Inc. will post 7.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 1.95%. Home Depot’s dividend payout ratio (DPR) is 49.44%.

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

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Home Depot Company Profile

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.

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

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