Epoch Investment Partners Inc. Sells 87,120 Shares of The Home Depot, Inc. (NYSE:HD)

Epoch Investment Partners Inc. trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 18.5% during the second quarter, HoldingsChannel reports. The firm owned 384,446 shares of the home improvement retailer’s stock after selling 87,120 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Home Depot were worth $132,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fairway Wealth LLC bought a new position in Home Depot during the second quarter valued at $25,000. Frank Rimerman Advisors LLC purchased a new position in shares of Home Depot during the 4th quarter valued at $27,000. Kings Path Partners LLC purchased a new stake in Home Depot in the 2nd quarter worth about $33,000. Burkett Financial Services LLC bought a new stake in Home Depot in the 4th quarter valued at about $38,000. Finally, A.P. Gilfoyle & Co. L.P. purchased a new stake in Home Depot during the first quarter valued at about $38,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HD. Loop Capital lifted their price objective on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a research note on Tuesday, September 17th. 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. Royal Bank of Canada dropped their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. UBS Group lifted their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Evercore ISI lowered their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $389.04.

Home Depot Stock Down 0.1 %

Shares of Home Depot stock opened at $389.86 on Friday. The stock has a market capitalization of $386.59 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 2.57 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The company’s 50 day moving average price is $364.95 and its 200-day moving average price is $354.28. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87.

Home Depot (NYSE:HD) last announced its 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 return on equity of 681.27% and a net margin of 9.71%. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the prior year, the company earned $4.65 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given 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 dividend payout ratio is currently 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.