Gyroscope Capital Management Group LLC Raises Position in Home Depot Inc (HD)

Gyroscope Capital Management Group LLC raised its stake in shares of Home Depot Inc (NYSE:HD) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,831 shares of the home improvement retailer’s stock after buying an additional 1,551 shares during the period. Home Depot accounts for about 3.1% of Gyroscope Capital Management Group LLC’s holdings, making the stock its 11th largest position. Gyroscope Capital Management Group LLC’s holdings in Home Depot were worth $4,670,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Edge Wealth Management LLC raised its position in Home Depot by 0.3% in the third quarter. Edge Wealth Management LLC now owns 1,068 shares of the home improvement retailer’s stock valued at $137,000 after buying an additional 3 shares in the last quarter. West Coast Financial LLC raised its position in Home Depot by 0.3% in the third quarter. West Coast Financial LLC now owns 1,760 shares of the home improvement retailer’s stock valued at $226,000 after buying an additional 5 shares in the last quarter. Piershale Financial Group Inc. raised its position in Home Depot by 0.5% in the third quarter. Piershale Financial Group Inc. now owns 2,270 shares of the home improvement retailer’s stock valued at $292,000 after buying an additional 12 shares in the last quarter. Cape ANN Savings Bank raised its position in Home Depot by 0.7% in the third quarter. Cape ANN Savings Bank now owns 1,759 shares of the home improvement retailer’s stock valued at $226,000 after buying an additional 12 shares in the last quarter. Finally, SignalPoint Asset Management LLC raised its position in Home Depot by 0.3% in the third quarter. SignalPoint Asset Management LLC now owns 4,781 shares of the home improvement retailer’s stock valued at $615,000 after buying an additional 12 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

Shares of Home Depot Inc (NYSE:HD) opened at 147.80 on Tuesday. Home Depot Inc has a 1-year low of $119.20 and a 1-year high of $149.99. The stock has a 50 day moving average of $143.21 and a 200 day moving average of $133.43. The stock has a market cap of $178.25 billion, a PE ratio of 22.91 and a beta of 1.09.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.11. Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The firm earned $22.21 billion during the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter last year, the business earned $1.17 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts forecast that Home Depot Inc will post $7.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Investors of record on Thursday, March 9th will be paid a $0.89 dividend. This is a boost from Home Depot’s previous quarterly dividend of $0.69. The ex-dividend date is Tuesday, March 7th. This represents a $3.56 annualized dividend and a dividend yield of 2.41%. Home Depot’s dividend payout ratio (DPR) is 44.66%.

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Several research firms have recently commented on HD. Vetr downgraded shares of Home Depot from a “buy” rating to a “hold” rating and set a $152.86 price objective for the company. in a research note on Tuesday, March 14th. Evercore ISI reiterated an “underweight” rating on shares of Home Depot in a research note on Monday, February 27th. Morgan Stanley upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $150.00 to $165.00 in a research note on Thursday, February 23rd. Argus lifted their price objective on shares of Home Depot to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 22nd. Finally, Wedbush reiterated a “neutral” rating and set a $145.00 price objective on shares of Home Depot in a research note on Wednesday, February 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $149.90.

About Home Depot

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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