William B. Walkup & Associates Inc. Purchases Shares of 20,135 The Home Depot, Inc. (NYSE:HD)

William B. Walkup & Associates Inc. purchased a new stake in The Home Depot, Inc. (NYSE:HDFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 20,135 shares of the home improvement retailer’s stock, valued at approximately $6,931,000. Home Depot accounts for approximately 4.5% of William B. Walkup & Associates Inc.’s holdings, making the stock its 3rd largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Empirical Finance LLC lifted its position in shares of Home Depot by 3.3% during the 1st quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after purchasing an additional 1,195 shares during the last quarter. Commonwealth Retirement Investments LLC lifted its position in shares of Home Depot by 5.5% during the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after purchasing an additional 965 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc lifted its position in shares of Home Depot by 27.6% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock worth $9,348,000 after purchasing an additional 5,879 shares during the last quarter. Leeward Financial Partners LLC lifted its position in shares of Home Depot by 7.3% during the 1st quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock worth $4,001,000 after purchasing an additional 711 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. purchased a new stake in Home Depot in the fourth quarter valued at $88,708,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Trading Up 0.7 %

Shares of Home Depot stock opened at $399.53 on Monday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $403.54. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The company’s 50-day simple moving average is $368.10 and its 200-day simple moving average is $354.90. The firm has a market cap of $396.18 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HDGet Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $42.57 billion. During the same period in the previous year, the business posted $4.65 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.25%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HD shares. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Daiwa America raised shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. Loop Capital boosted their price target on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a research report on Tuesday, September 17th. Stifel Nicolaus reduced their price target on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Finally, Jefferies Financial Group started coverage on shares of Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $391.88.

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About Home Depot

(Free Report)

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.

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

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