Linscomb Wealth Inc. Boosts Holdings in The Home Depot, Inc. (NYSE:HD)

Linscomb Wealth Inc. boosted its position in shares of The Home Depot, Inc. (NYSE:HD) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,584 shares of the home improvement retailer’s stock after buying an additional 90 shares during the quarter. Linscomb Wealth Inc.’s holdings in Home Depot were worth $2,267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of HD. Gilbert & Cook Inc. boosted its stake in shares of Home Depot by 3.9% during the fourth quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock valued at $1,475,000 after purchasing an additional 158 shares during the period. Aveo Capital Partners LLC boosted its stake 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 valued at $931,000 after purchasing an additional 122 shares during the period. 9258 Wealth Management LLC boosted its stake 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 valued at $4,811,000 after purchasing an additional 557 shares during the period. Gryphon Financial Partners LLC boosted its stake in shares of Home Depot by 161.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock valued at $2,188,000 after purchasing an additional 3,923 shares during the period. Finally, Foundations Investment Advisors LLC boosted its stake in shares of Home Depot by 8.0% during the fourth quarter. Foundations Investment Advisors LLC now owns 12,043 shares of the home improvement retailer’s stock valued at $4,336,000 after purchasing an additional 896 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $370.49 on Thursday. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company’s 50 day moving average is $359.31 and its 200 day moving average is $354.03. 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 company has a market cap of $367.38 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 2.49 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its quarterly earnings results 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 company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the prior year, the company earned $4.65 EPS. Home Depot’s quarterly revenue was up .6% on a year-over-year basis. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be given a $2.25 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.43%. Home Depot’s dividend payout ratio is presently 60.36%.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research reports. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Stifel Nicolaus lowered their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. JPMorgan Chase & Co. upped their price objective on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Loop Capital lowered their price objective on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $387.79.

Home Depot Company 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.