Callan Capital LLC Purchases 234 Shares of The Home Depot, Inc. (NYSE:HD)

Callan Capital LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 4.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,023 shares of the home improvement retailer’s stock after buying an additional 234 shares during the period. Callan Capital LLC’s holdings in Home Depot were worth $1,729,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Ruedi Wealth Management Inc. lifted its holdings in shares of Home Depot by 1.2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after buying an additional 27 shares during the period. Cape Investment Advisory Inc. lifted its stake in shares of Home Depot by 1.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock worth $680,000 after purchasing an additional 28 shares during the period. Acorn Creek Capital LLC boosted its holdings in shares of Home Depot by 3.4% during the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock worth $291,000 after purchasing an additional 28 shares during the last quarter. STAR Financial Bank increased its stake in Home Depot by 0.7% in the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock valued at $1,367,000 after purchasing an additional 29 shares during the last quarter. Finally, Talisman Wealth Advisors LLC lifted its position in Home Depot by 1.2% during the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock worth $915,000 after buying an additional 29 shares during the period. Institutional investors own 70.86% of the company’s stock.

Home Depot Stock Up 1.7 %

Shares of Home Depot stock opened at $390.39 on Friday. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a market capitalization of $387.12 billion, a P/E ratio of 26.18, a PEG ratio of 2.57 and a beta of 1.00. The business’s fifty day moving average price is $364.35 and its two-hundred day moving average price is $354.38. 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 issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $4.65 earnings per share. As a group, research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

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

Wall Street Analyst Weigh In

HD has been the topic of several research analyst reports. UBS Group lifted their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Loop Capital increased their price objective on shares of Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a research report on Tuesday. DA Davidson increased their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a research note on Thursday, September 12th. 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 company. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $389.04.

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.