Summit Wealth & Retirement Planning Inc. Sells 34 Shares of The Home Depot, Inc. (NYSE:HD)

Summit Wealth & Retirement Planning Inc. lessened its stake in shares of The Home Depot, Inc. (NYSE:HD) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,288 shares of the home improvement retailer’s stock after selling 34 shares during the period. Summit Wealth & Retirement Planning Inc.’s holdings in Home Depot were worth $443,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Prudential PLC lifted its position in shares of Home Depot by 14.9% during the 2nd quarter. Prudential PLC now owns 93,125 shares of the home improvement retailer’s stock worth $32,057,000 after buying an additional 12,068 shares during the period. Fox Hill Wealth Management lifted its holdings in Home Depot by 9.3% in the second quarter. Fox Hill Wealth Management now owns 1,249 shares of the home improvement retailer’s stock valued at $430,000 after buying an additional 106 shares during the period. Pinnacle West Asset Management Inc. grew its stake in shares of Home Depot by 0.6% during the second quarter. Pinnacle West Asset Management Inc. now owns 8,810 shares of the home improvement retailer’s stock worth $3,033,000 after purchasing an additional 55 shares during the period. Total Investment Management Inc. grew its position in shares of Home Depot by 9.0% during the 2nd quarter. Total Investment Management Inc. now owns 665 shares of the home improvement retailer’s stock worth $229,000 after buying an additional 55 shares during the period. Finally, HCR Wealth Advisors grew its holdings in Home Depot by 2.1% during the second quarter. HCR Wealth Advisors now owns 8,490 shares of the home improvement retailer’s stock valued at $2,923,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HD. Loop Capital dropped their price objective on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Jefferies Financial Group started coverage on Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target on the stock. Stifel Nicolaus reduced their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. Finally, Truist Financial reduced their price target on Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $387.79.

Home Depot Stock Down 0.0 %

Shares of NYSE HD opened at $359.88 on Monday. The Home Depot, Inc. has a one year low of $274.26 and a one year high of $396.87. The business’s fifty day moving average price is $357.27 and its 200-day moving average price is $353.97. The stock has a market capitalization of $357.47 billion, a PE ratio of 24.15, a P/E/G ratio of 2.49 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the prior year, the company posted $4.65 EPS. Home Depot’s revenue was up .6% compared to the same quarter last year. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Home Depot Profile

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.