Headlands Technologies LLC Sells 1,410 Shares of The Home Depot, Inc. (NYSE:HD)

Headlands Technologies LLC trimmed its position in The Home Depot, Inc. (NYSE:HD) by 37.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,391 shares of the home improvement retailer’s stock after selling 1,410 shares during the period. Headlands Technologies LLC’s holdings in Home Depot were worth $823,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HD. Frank Rimerman Advisors LLC purchased a new position in shares of Home Depot in the fourth quarter worth approximately $27,000. Kings Path Partners LLC bought a new position in Home Depot in the second quarter worth approximately $33,000. A.P. Gilfoyle & Co. L.P. purchased a new position in shares of Home Depot during the 1st quarter worth $38,000. Burkett Financial Services LLC bought a new stake in shares of Home Depot during the 4th quarter valued at $38,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Home Depot in the 4th quarter worth $39,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

NYSE HD opened at $370.49 on Thursday. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The Home Depot, Inc. has a 1-year low of $274.26 and a 1-year high of $396.87. The business has a 50 day simple moving average of $359.31 and a two-hundred day simple moving average of $354.03. The stock has a market capitalization of $367.38 billion, a PE ratio of 24.85, a P/E/G ratio of 2.49 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its earnings results 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 firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm posted $4.65 earnings per share. On average, research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HD shares. Jefferies Financial Group began coverage on Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. DA Davidson lifted their price objective on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. UBS Group boosted 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 cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Finally, Raymond James reiterated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $387.79.

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.