Tempus Wealth Planning LLC Has $701,000 Holdings in The Home Depot, Inc. (NYSE:HD)

Tempus Wealth Planning LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,036 shares of the home improvement retailer’s stock after purchasing an additional 79 shares during the period. Tempus Wealth Planning LLC’s holdings in Home Depot were worth $701,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Bey Douglas LLC acquired a new position in Home Depot in the 4th quarter worth about $913,000. MinichMacGregor Wealth Management LLC bought a new position in Home Depot during the fourth quarter valued at approximately $387,000. Cambridge Investment Research Advisors Inc. lifted its stake in Home Depot by 1.0% in 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 acquiring an additional 2,209 shares during the last quarter. Empirical Finance LLC grew its position in Home Depot by 3.3% in the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after acquiring an additional 1,195 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC increased its stake in shares of Home Depot by 5.5% during the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock worth $7,146,000 after purchasing an additional 965 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 2.8 %

HD stock traded up $10.23 during trading on Friday, hitting $375.59. The company had a trading volume of 3,426,154 shares, compared to its average volume of 3,446,290. The stock has a market cap of $372.44 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 2.48 and a beta of 0.98. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The firm has a 50-day moving average price of $353.44 and a 200-day moving average price of $353.65. The Home Depot, Inc. has a 12 month low of $274.26 and a 12 month high of $396.87.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the previous year, the company earned $4.65 EPS. Home Depot’s revenue was up .6% on a year-over-year basis. As a group, analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be given a $2.25 dividend. The ex-dividend date is Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.40%. Home Depot’s dividend payout ratio is currently 60.36%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. TD Cowen reduced their price objective on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. UBS Group raised 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 Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Citigroup lowered their price target on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $386.33.

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.