Parkside Financial Bank & Trust Purchases 103 Shares of The Home Depot, Inc. (NYSE:HD)

Parkside Financial Bank & Trust lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,246 shares of the home improvement retailer’s stock after purchasing an additional 103 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Home Depot were worth $3,183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. boosted its stake in Home Depot by 3.9% in the 4th quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock worth $1,475,000 after purchasing an additional 158 shares during the period. Aveo Capital Partners LLC boosted its position in shares of Home Depot by 4.8% during the fourth quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock worth $931,000 after buying an additional 122 shares during the period. 9258 Wealth Management LLC grew its holdings in shares of Home Depot by 4.2% during the fourth quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock worth $4,811,000 after buying an additional 557 shares in the last quarter. Gryphon Financial Partners LLC raised its position in Home Depot by 161.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock valued at $2,188,000 after buying an additional 3,923 shares during the last quarter. Finally, Advantage Trust Co bought a new stake in Home Depot in the 4th quarter valued at approximately $41,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

HD stock traded up $1.60 during trading hours on Friday, hitting $363.45. 304,739 shares of the stock were exchanged, compared to its average volume of 3,395,794. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The firm has a market capitalization of $360.40 billion, a P/E ratio of 24.27, a P/E/G ratio of 2.55 and a beta of 0.98. The company has a 50-day simple moving average of $356.96 and a two-hundred day simple moving average of $354.11.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the prior year, the business posted $4.65 earnings per share. Home Depot’s revenue was up .6% compared to the same quarter last year. On average, analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.48%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HD. Wedbush reaffirmed an “outperform” rating and set a $410.00 price target on shares of Home Depot in a research note on Friday, May 10th. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Tuesday, August 13th. DA Davidson raised their price objective on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday. Finally, HSBC lowered their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.79.

About Home Depot

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.