Beese Fulmer Investment Management Inc. Sells 368 Shares of The Home Depot, Inc. (NYSE:HD)

Beese Fulmer Investment Management Inc. decreased its position in The Home Depot, Inc. (NYSE:HD) by 1.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,617 shares of the home improvement retailer’s stock after selling 368 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Home Depot were worth $9,822,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC raised its stake in shares of Home Depot by 0.7% in the second quarter. Northwest Investment Counselors LLC now owns 8,355 shares of the home improvement retailer’s stock worth $2,595,000 after buying an additional 60 shares during the period. Capital Investment Advisors LLC raised its stake in shares of Home Depot by 0.5% in the second quarter. Capital Investment Advisors LLC now owns 224,432 shares of the home improvement retailer’s stock worth $69,717,000 after buying an additional 1,008 shares during the period. CRA Financial Services LLC raised its stake in shares of Home Depot by 10.5% in the second quarter. CRA Financial Services LLC now owns 17,570 shares of the home improvement retailer’s stock worth $5,458,000 after buying an additional 1,667 shares during the period. Willis Investment Counsel raised its stake in shares of Home Depot by 1.5% in the second quarter. Willis Investment Counsel now owns 100,319 shares of the home improvement retailer’s stock worth $31,163,000 after buying an additional 1,524 shares during the period. Finally, Janiczek Wealth Management LLC raised its stake in shares of Home Depot by 2.2% in the second quarter. Janiczek Wealth Management LLC now owns 1,720 shares of the home improvement retailer’s stock worth $534,000 after buying an additional 37 shares during the period. Institutional investors own 68.34% of the company’s stock.

Insider Activity at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 6,091 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $324.22, for a total transaction of $1,974,824.02. Following the completion of the transaction, the executive vice president now owns 22,749 shares in the company, valued at approximately $7,375,680.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Teresa Wynn Roseborough sold 6,091 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $324.22, for a total transaction of $1,974,824.02. Following the completion of the transaction, the executive vice president now owns 22,749 shares in the company, valued at approximately $7,375,680.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 12,120 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $325.40, for a total value of $3,943,848.00. Following the completion of the sale, the executive vice president now owns 73,049 shares of the company’s stock, valued at $23,770,144.60. The disclosure for this sale can be found here. Insiders sold a total of 19,811 shares of company stock worth $6,441,376 in the last quarter. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Guggenheim raised their price objective on Home Depot from $320.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Jefferies Financial Group raised their price objective on Home Depot from $370.00 to $384.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Loop Capital raised their price objective on Home Depot from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, August 16th. Robert W. Baird increased their target price on Home Depot from $330.00 to $360.00 in a research report on Tuesday, August 15th. Finally, DA Davidson increased their target price on Home Depot from $290.00 to $320.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 16th. Thirteen research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $339.62.

Home Depot Price Performance

Shares of Home Depot stock opened at $317.26 on Tuesday. The stock has a market cap of $317.28 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 2.22 and a beta of 0.95. The company has a debt-to-equity ratio of 30.53, a quick ratio of 0.35 and a current ratio of 1.31. The stock has a 50 day moving average price of $325.92 and a 200-day moving average price of $305.38. The Home Depot, Inc. has a one year low of $265.61 and a one year high of $347.25.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 15th. The home improvement retailer reported $4.65 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.20. The firm had revenue of $42.92 billion during the quarter, compared to analysts’ expectations of $42.19 billion. Home Depot had a return on equity of 1,424.89% and a net margin of 10.48%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.05 EPS. Equities analysts expect that The Home Depot, Inc. will post 15.24 EPS for the current year.

Home Depot announced that its Board of Directors has authorized a stock buyback program on Tuesday, August 15th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to purchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were issued a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Wednesday, August 30th. Home Depot’s payout ratio is currently 52.22%.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer. 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.