Minot Wealth Management LLC Has $6.47 Million Position in The Home Depot, Inc. (NYSE:HD)

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Minot Wealth Management LLC boosted its position in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 0.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,600 shares of the home improvement retailer’s stock after purchasing an additional 45 shares during the quarter. Home Depot accounts for about 1.7% of Minot Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. Minot Wealth Management LLC’s holdings in Home Depot were worth $6,473,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. SevenBridge Financial Group LLC boosted its holdings in shares of Home Depot by 20.7% in the second quarter. SevenBridge Financial Group LLC now owns 2,423 shares of the home improvement retailer’s stock valued at $665,000 after buying an additional 416 shares during the period. BMS Financial Advisors LLC boosted its holdings in shares of Home Depot by 2.0% in the second quarter. BMS Financial Advisors LLC now owns 2,753 shares of the home improvement retailer’s stock valued at $755,000 after buying an additional 54 shares during the period. TPG Financial Advisors LLC boosted its holdings in shares of Home Depot by 11.2% in the second quarter. TPG Financial Advisors LLC now owns 2,807 shares of the home improvement retailer’s stock valued at $770,000 after buying an additional 283 shares during the period. Cooper Financial Group boosted its holdings in shares of Home Depot by 7.6% in the second quarter. Cooper Financial Group now owns 8,201 shares of the home improvement retailer’s stock valued at $2,249,000 after buying an additional 580 shares during the period. Finally, Procyon Advisors LLC boosted its holdings in shares of Home Depot by 3.6% in the second quarter. Procyon Advisors LLC now owns 20,724 shares of the home improvement retailer’s stock valued at $5,684,000 after buying an additional 718 shares during the period. Institutional investors and hedge funds own 68.66% of the company’s stock.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research reports. Guggenheim boosted their price objective on shares of Home Depot from $350.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Raymond James boosted their price objective on shares of Home Depot from $340.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley boosted their price objective on shares of Home Depot from $350.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 17th. Finally, Evercore ISI cut their price objective on shares of Home Depot to $360.00 in a research report on Thursday, June 9th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $365.95.

Home Depot Price Performance

Shares of HD opened at $274.17 on Wednesday. The firm has a market capitalization of $280.68 billion, a PE ratio of 16.85, a PEG ratio of 1.51 and a beta of 0.99. The company’s 50-day moving average is $300.39 and its 200-day moving average is $300.50. The Home Depot, Inc. has a fifty-two week low of $264.51 and a fifty-two week high of $420.61. The company has a debt-to-equity ratio of 165.70, a current ratio of 1.18 and a quick ratio of 0.25.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $5.05 EPS for the quarter, beating the consensus estimate of $4.95 by $0.10. Home Depot had a net margin of 10.88% and a negative return on equity of 3,166.43%. The business had revenue of $43.79 billion for the quarter, compared to the consensus estimate of $43.33 billion. During the same period in the prior year, the company posted $4.53 earnings per share. Home Depot’s revenue was up 6.5% compared to the same quarter last year. Equities analysts forecast that The Home Depot, Inc. will post 16.56 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $1.90 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $7.60 annualized dividend and a dividend yield of 2.77%. Home Depot’s dividend payout ratio (DPR) is presently 46.71%.

Home Depot announced that its Board of Directors has initiated a share repurchase program on Thursday, August 18th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to purchase up to 4.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Home Depot

In related news, EVP Fahim Siddiqui sold 1,000 shares of the company’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $300.59, for a total value of $300,590.00. Following the transaction, the executive vice president now directly owns 6,180 shares in the company, valued at $1,857,646.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Home Depot news, EVP Fahim Siddiqui sold 1,000 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $300.59, for a total transaction of $300,590.00. Following the sale, the executive vice president now directly owns 6,180 shares in the company, valued at $1,857,646.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Matt Carey sold 12,650 shares of the stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the sale, the executive vice president now owns 34,522 shares in the company, valued at $10,917,927.72. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.

Home Depot Profile

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The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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