Maple Capital Management Inc. Has $829,000 Position in Home Depot, Inc. (The) (NYSE:HD)

Maple Capital Management Inc. lowered its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,404 shares of the home improvement retailer’s stock after selling 15 shares during the period. Maple Capital Management Inc.’s holdings in Home Depot, Inc. (The) were worth $829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. RB Capital Management LLC bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter valued at approximately $321,000. ARS Investment Partners LLC bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter valued at approximately $404,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Home Depot, Inc. (The) by 261.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 220,300 shares of the home improvement retailer’s stock valued at $29,538,000 after buying an additional 159,407 shares in the last quarter. Worth Venture Partners LLC bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter valued at approximately $203,000. Finally, Bridgeworth LLC bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter valued at approximately $421,000. 71.27% of the stock is currently owned by institutional investors.

Shares of Home Depot, Inc. (HD) opened at 147.49 on Friday. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. The stock has a market capitalization of $174.48 billion, a P/E ratio of 21.23 and a beta of 1.08. The stock has a 50 day moving average of $151.15 and a 200-day moving average of $150.06.

Home Depot, Inc. (The) (NYSE:HD) last posted its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The firm had revenue of $28.11 billion for the quarter, compared to analyst estimates of $27.84 billion. During the same quarter in the prior year, the company earned $1.97 EPS. Home Depot, Inc. (The)’s revenue was up 6.2% on a year-over-year basis. Analysts predict that Home Depot, Inc. will post $7.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 31st will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Tuesday, August 29th. Home Depot, Inc. (The)’s payout ratio is 51.15%.

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Several research firms have recently weighed in on HD. Vetr downgraded shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $153.61 target price for the company. in a research note on Monday, April 24th. Zacks Investment Research upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Tuesday, April 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $158.00 target price on shares of Home Depot, Inc. (The) in a research note on Tuesday, May 2nd. Credit Suisse Group set a $163.00 target price on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Finally, BTIG Research boosted their price objective on shares of Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $169.81.

In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 10,717 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the sale, the executive vice president now owns 64,810 shares of the company’s stock, valued at approximately $9,877,044. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Home Depot, Inc. (The) 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.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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