Beaton Management Co. Inc. Sells 46 Shares of The Home Depot, Inc. (NYSE:HD)

Beaton Management Co. Inc. decreased its position in The Home Depot, Inc. (NYSE:HD) by 0.5% during the second quarter, HoldingsChannel.com reports. The fund owned 9,674 shares of the home improvement retailer’s stock after selling 46 shares during the quarter. Home Depot comprises 1.8% of Beaton Management Co. Inc.’s investment portfolio, making the stock its 16th biggest position. Beaton Management Co. Inc.’s holdings in Home Depot were worth $3,330,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Home Depot by 1.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock valued at $74,092,000 after purchasing an additional 2,209 shares during the period. Empirical Finance LLC increased its position in shares of Home Depot by 3.3% during the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after purchasing an additional 1,195 shares in the last quarter. Commonwealth Retirement Investments LLC raised its stake in Home Depot by 5.5% in the first quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock valued at $7,146,000 after buying an additional 965 shares during the last quarter. Leeward Financial Partners LLC boosted its stake in Home Depot by 7.3% in the 1st quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock worth $4,001,000 after purchasing an additional 711 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. acquired a new position in shares of Home Depot in the 4th quarter valued at $88,708,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

HD stock opened at $390.39 on Friday. The firm has a market cap of $387.12 billion, a PE ratio of 26.18, a P/E/G ratio of 2.57 and a beta of 1.00. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year 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 business’s 50-day moving average price is $364.35 and its two-hundred day moving average price is $354.38.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $4.65 EPS. As a group, research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.31%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is presently 60.36%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Jefferies Financial Group initiated coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. Stifel Nicolaus reduced their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Evercore ISI dropped their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $389.04.

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.