Cincinnati Casualty Co. continued to hold its position in Home Depot, Inc. (The) (NYSE:HD) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,000 shares of the home improvement retailer’s stock at the close of the second quarter. Home Depot makes up 1.0% of Cincinnati Casualty Co.’s investment portfolio, making the stock its 24th largest position. Cincinnati Casualty Co.’s holdings in Home Depot were worth $1,074,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of HD. American Beacon Advisors Inc. bought a new stake in Home Depot during the 1st quarter worth approximately $100,000. St. Johns Investment Management Company LLC increased its holdings in Home Depot by 81.8% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after purchasing an additional 495 shares in the last quarter. Mascoma Wealth Management LLC increased its holdings in Home Depot by 0.6% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after purchasing an additional 7 shares in the last quarter. Thompson Davis & CO. Inc. increased its holdings in Home Depot by 32.2% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the home improvement retailer’s stock worth $196,000 after purchasing an additional 326 shares in the last quarter. Finally, Ruggie Capital Group increased its holdings in Home Depot by 12.2% during the 2nd quarter. Ruggie Capital Group now owns 1,299 shares of the home improvement retailer’s stock worth $199,000 after purchasing an additional 141 shares in the last quarter. 71.14% of the stock is currently owned by institutional investors and hedge funds.
In other Home Depot news, EVP Matt Carey sold 32,000 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the transaction, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.26% of the stock is currently owned by corporate insiders.
A number of analysts have commented on the company. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a report on Thursday, August 24th. Robert W. Baird set a $175.00 price objective on Home Depot and gave the stock a “buy” rating in a report on Friday, October 13th. Bank of America Corporation boosted their price objective on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Longbow Research reissued a “buy” rating and set a $175.00 price objective on shares of Home Depot in a report on Monday, August 14th. Finally, BidaskClub lowered Home Depot from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $175.66.
Home Depot, Inc. (NYSE HD) traded up $2.23 during mid-day trading on Monday, hitting $174.56. The stock had a trading volume of 1,095,774 shares, compared to its average volume of 4,401,268. The company has a market capitalization of $201,238.19, a price-to-earnings ratio of 23.93, a PEG ratio of 1.75 and a beta of 1.08. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. Home Depot, Inc. has a 52 week low of $128.68 and a 52 week high of $173.10.
Home Depot (NYSE:HD) last released 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. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. During the same period in the prior year, the company posted $1.60 earnings per share. Home Depot’s quarterly revenue was up 8.1% on a year-over-year basis. equities research analysts anticipate that Home Depot, Inc. will post 7.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is 49.44%.
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About Home Depot
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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