Heritage Wealth Management LLC Decreases Stake in The Home Depot, Inc. (NYSE:HD)

Heritage Wealth Management LLC decreased its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,414 shares of the home improvement retailer’s stock after selling 45 shares during the quarter. Heritage Wealth Management LLC’s holdings in The Home Depot were worth $1,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Parkside Financial Bank & Trust lifted its position in The Home Depot by 1.3% in the first quarter. Parkside Financial Bank & Trust now owns 2,424 shares of the home improvement retailer’s stock worth $740,000 after purchasing an additional 30 shares during the period. Baldwin Brothers Inc. MA lifted its position in shares of The Home Depot by 1.6% during the 2nd quarter. Baldwin Brothers Inc. MA now owns 1,923 shares of the home improvement retailer’s stock worth $613,000 after buying an additional 31 shares during the period. Standard Family Office LLC lifted its holdings in shares of The Home Depot by 0.5% during the first quarter. Standard Family Office LLC now owns 6,160 shares of the home improvement retailer’s stock valued at $1,880,000 after acquiring an additional 32 shares during the period. Family Firm Inc. grew its holdings in shares of The Home Depot by 2.4% in the 2nd quarter. Family Firm Inc. now owns 1,374 shares of the home improvement retailer’s stock worth $438,000 after purchasing an additional 32 shares during the last quarter. Finally, Financial Consulate Inc. increased its position in shares of The Home Depot by 1.9% during the 2nd quarter. Financial Consulate Inc. now owns 1,756 shares of the home improvement retailer’s stock worth $560,000 after purchasing an additional 32 shares in the last quarter. 68.97% of the stock is owned by hedge funds and other institutional investors.

HD has been the subject of a number of research reports. Raymond James raised their target price on The Home Depot from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, August 16th. OTR Global lowered shares of The Home Depot to a “positive” rating in a research note on Tuesday, August 10th. Zacks Investment Research lowered shares of The Home Depot from a “strong-buy” rating to a “hold” rating and set a $338.00 price objective on the stock. in a report on Tuesday, July 20th. Credit Suisse Group upped their target price on shares of The Home Depot from $319.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday, May 25th. Finally, Morgan Stanley increased their target price on The Home Depot from $340.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, May 24th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $341.25.

Shares of HD traded up $3.38 during mid-day trading on Tuesday, hitting $334.59. 130,013 shares of the company’s stock were exchanged, compared to its average volume of 3,974,295. The company has a quick ratio of 0.35, a current ratio of 1.06 and a debt-to-equity ratio of 16.31. The firm has a market cap of $353.11 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.00 and a beta of 1.02. The stock’s 50-day simple moving average is $328.22 and its 200-day simple moving average is $317.12. The Home Depot, Inc. has a 52 week low of $246.59 and a 52 week high of $345.69.

The Home Depot (NYSE:HD) last announced its quarterly earnings data on Monday, August 16th. The home improvement retailer reported $4.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.10. The firm had revenue of $41.12 billion for the quarter, compared to the consensus estimate of $40.74 billion. The Home Depot had a net margin of 10.55% and a return on equity of 709.19%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $4.02 earnings per share. Analysts forecast that The Home Depot, Inc. will post 14.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 16th. Investors of record on Thursday, September 2nd were paid a $1.65 dividend. This represents a $6.60 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Wednesday, September 1st. The Home Depot’s payout ratio is 54.86%.

In related news, CEO Craig A. Menear sold 68,468 shares of the stock in a transaction on Friday, August 20th. The stock was sold at an average price of $325.46, for a total value of $22,283,595.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 23rd. The stock was sold at an average price of $328.65, for a total value of $1,643,250.00. Following the transaction, the executive vice president now owns 19,760 shares of the company’s stock, valued at $6,494,124. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,622 shares of company stock worth $24,302,611. Insiders own 0.18% of the company’s stock.

The Home Depot Profile

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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

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