Roman Butler Fullerton & Co. Has $3.20 Million Stake in The Home Depot, Inc. (NYSE:HD)

Roman Butler Fullerton & Co. cut its holdings in The Home Depot, Inc. (NYSE:HD) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,283 shares of the home improvement retailer’s stock after selling 75 shares during the quarter. Home Depot comprises approximately 1.0% of Roman Butler Fullerton & Co.’s holdings, making the stock its 22nd largest position. Roman Butler Fullerton & Co.’s holdings in Home Depot were worth $3,195,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HD. Bare Financial Services Inc bought a new position in shares of Home Depot in the fourth quarter valued at approximately $26,000. Frank Rimerman Advisors LLC bought a new stake in Home Depot during the 4th quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new position in Home Depot in the 4th quarter worth approximately $38,000. A.P. Gilfoyle & Co. L.P. bought a new position in Home Depot during the first quarter worth $38,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Home Depot during the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the sale, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

HD traded up $4.26 on Tuesday, reaching $350.07. The company had a trading volume of 6,329,430 shares, compared to its average volume of 3,424,739. The stock has a market cap of $347.13 billion, a P/E ratio of 23.18, a P/E/G ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The company’s fifty day moving average is $348.52 and its 200 day moving average is $353.18.

Home Depot (NYSE:HD) last released 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. The business had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’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 EPS. As a group, analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.57%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Analysts Set New Price Targets

HD has been the topic of a number of research reports. DA Davidson upgraded Home Depot from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $352.00 to $395.00 in a research report on Wednesday, June 26th. JPMorgan Chase & Co. increased their price objective on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Raymond James reiterated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. UBS Group dropped their price target on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $384.00.

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.