Home Depot, Inc. (The) (HD) Shares Bought by TNB Financial

TNB Financial increased its position in Home Depot, Inc. (The) (NYSE:HD) by 11.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 8,988 shares of the home improvement retailer’s stock after buying an additional 956 shares during the period. TNB Financial’s holdings in Home Depot, Inc. (The) were worth $1,379,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HD. American Beacon Advisors Inc. acquired a new stake in shares of Home Depot, Inc. (The) during the first quarter worth approximately $100,000. Advantage Investment Management LLC acquired a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth approximately $103,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares during the period. CT Financial Advisors LLC boosted its stake in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 3 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth approximately $131,000. Institutional investors own 71.27% of the company’s stock.

Home Depot, Inc. (HD) traded down 1.46% during mid-day trading on Friday, reaching $147.49. 6,989,147 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $151.28 and its 200-day moving average price is $149.99. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $160.86. The company has a market capitalization of $174.48 billion, a P/E ratio of 21.23 and a beta of 1.08.

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

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

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HD has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $176.00 target price on shares of Home Depot, Inc. (The) in a research report on Friday, June 16th. Robert W. Baird set a $175.00 target price on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday, May 17th. 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 report on Tuesday, April 25th. Vetr cut shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 target price for the company. in a research report on Monday, June 19th. Finally, Atlantic Securities lowered shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 price objective for the company. in a report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company. Home Depot, Inc. (The) 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 on 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 directly owns 64,810 shares of the company’s stock, valued at $9,877,044. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by company insiders.

About Home Depot, Inc. (The)

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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