Raub Brock Capital Management LP Purchases 513 Shares of The Home Depot, Inc. (NYSE:HD)

Raub Brock Capital Management LP lifted its holdings in The Home Depot, Inc. (NYSE:HD – Get Rating) by 76.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,183 shares of the home improvement retailer’s stock after purchasing an additional 513 shares during the period. Raub Brock Capital Management LP’s holdings in Home Depot were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CNB Bank raised its holdings in Home Depot by 0.7% in the 1st quarter. CNB Bank now owns 4,941 shares of the home improvement retailer’s stock worth $1,479,000 after purchasing an additional 36 shares during the period. Centre Asset Management LLC purchased a new stake in Home Depot in the first quarter worth about $2,342,000. LVM Capital Management Ltd. MI increased its position in Home Depot by 10.5% in the first quarter. LVM Capital Management Ltd. MI now owns 56,824 shares of the home improvement retailer’s stock worth $17,009,000 after buying an additional 5,383 shares in the last quarter. Baldwin Brothers LLC MA raised its stake in shares of Home Depot by 28.7% in the first quarter. Baldwin Brothers LLC MA now owns 4,548 shares of the home improvement retailer’s stock worth $1,361,000 after buying an additional 1,015 shares during the period. Finally, Hexagon Capital Partners LLC grew its stake in shares of Home Depot by 4.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,961 shares of the home improvement retailer’s stock valued at $1,186,000 after acquiring an additional 173 shares during the period. 70.61% of the stock is currently owned by institutional investors.

Shares of HD opened at $283.00 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt-to-equity ratio of 35.47. The business has a fifty day moving average of $294.61 and a 200 day moving average of $332.16. The company has a market cap of $290.86 billion, a PE ratio of 17.97, a P/E/G ratio of 1.65 and a beta of 0.97. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $420.61.

Home Depot (NYSE:HD – Get Rating) last announced its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The business had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $36.78 billion. During the same quarter in the prior year, the firm posted $3.86 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, research analysts anticipate that The Home Depot, Inc. will post 16.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were given a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $7.60 annualized dividend and a dividend yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is presently 48.25%.

In related news, Director Becker Caryn Seidman purchased 1,500 shares of Home Depot stock in a transaction that occurred on Monday, May 23rd. The shares were bought at an average price of $287.73 per share, with a total value of $431,595.00. Following the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $431,595. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 11,293 shares of the business’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the completion of the sale, the executive vice president now directly owns 51,175 shares of the company’s stock, valued at $14,739,935.25. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

A number of brokerages have recently issued reports on HD. Citigroup increased their price objective on shares of Home Depot from $327.00 to $348.00 in a research note on Friday, May 20th. Raymond James decreased their price target on Home Depot from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Wednesday, May 18th. Evercore ISI cut their target price on Home Depot to $360.00 in a research report on Thursday, June 9th. Gordon Haskett cut Home Depot from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Finally, Wedbush cut their price objective on shares of Home Depot from $340.00 to $320.00 and set a “neutral” rating for the company in a report on Wednesday, May 18th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $369.82.

Home Depot Profile (Get Rating)

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.

Featured Articles

Want More Great Investing Ideas?

Receive News & Ratings for Home Depot Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Home Depot and related companies with MarketBeat.com’s FREE daily email newsletter.