Van ECK Associates Corp Sells 18,776 Shares of The Home Depot, Inc. (NYSE:HD)

Van ECK Associates Corp lowered its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 24.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 57,292 shares of the home improvement retailer’s stock after selling 18,776 shares during the quarter. Van ECK Associates Corp’s holdings in Home Depot were worth $19,722,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

HD has been the subject of several analyst reports. Truist Financial lowered their target price on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. UBS Group raised their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Stifel Nicolaus lowered their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Wells Fargo & Company lowered their target price 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. Finally, HSBC decreased their price objective on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $386.33.

Home Depot Stock Performance

HD stock traded up $1.44 during trading on Friday, reaching $368.50. The company had a trading volume of 3,216,660 shares, compared to its average volume of 3,501,517. The firm has a 50-day simple moving average of $355.21 and a 200-day simple moving average of $353.95. The company has a market cap of $366.03 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. 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 Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during 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%. Home Depot’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the business earned $4.65 EPS. As a group, sell-side analysts expect that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 29th will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 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.