Court Place Advisors LLC boosted its stake in shares of The Home Depot Inc. (NYSE:HD) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,101 shares of the home improvement retailer’s stock after buying an additional 104 shares during the period. The Home Depot accounts for 1.9% of Court Place Advisors LLC’s investment portfolio, making the stock its 15th largest position. Court Place Advisors LLC’s holdings in The Home Depot were worth $3,205,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. GRATRY & Co LLC purchased a new stake in shares of The Home Depot during the first quarter valued at about $314,000. Thomas White International Ltd. increased its stake in shares of The Home Depot by 17.5% in the first quarter. Thomas White International Ltd. now owns 18,561 shares of the home improvement retailer’s stock valued at $2,477,000 after buying an additional 2,768 shares during the period. Buffington Mohr McNeal increased its stake in shares of The Home Depot by 2.5% in the first quarter. Buffington Mohr McNeal now owns 3,293 shares of the home improvement retailer’s stock valued at $439,000 after buying an additional 79 shares during the period. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of The Home Depot during the first quarter valued at about $3,721,000. Finally, Aperio Group LLC increased its stake in shares of The Home Depot by 5.4% in the first quarter. Aperio Group LLC now owns 619,584 shares of the home improvement retailer’s stock valued at $82,671,000 after buying an additional 31,814 shares during the period. Institutional investors and hedge funds own 71.86% of the company’s stock.
The Home Depot Inc. (NYSE:HD) traded up 0.10% during trading on Friday, reaching $126.42. 4,462,055 shares of the company traded hands. The firm has a market capitalization of $156.20 billion, a price-to-earnings ratio of 21.40 and a beta of 0.97. The Home Depot Inc. has a 12-month low of $109.62 and a 12-month high of $139.00. The firm’s 50 day moving average price is $129.05 and its 200 day moving average price is $132.39.
The Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.97. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The business had revenue of $26.47 billion for the quarter, compared to analysts’ expectations of $26.47 billion. During the same period in the prior year, the company posted $1.71 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts expect that The Home Depot Inc. will post $6.33 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 2.18%. The ex-dividend date was Tuesday, August 30th. The Home Depot’s dividend payout ratio is presently 46.54%.
Several brokerages recently issued reports on HD. Stifel Nicolaus began coverage on shares of The Home Depot in a research note on Tuesday, August 2nd. They issued a “buy” rating and a $157.00 target price for the company. Wedbush restated a “neutral” rating and set a $140.00 price objective (down from $145.00) on shares of The Home Depot in a research report on Tuesday, August 16th. JPMorgan Chase & Co. restated a “buy” rating and set a $142.00 price objective on shares of The Home Depot in a research report on Tuesday, August 16th. Zacks Investment Research downgraded shares of The Home Depot from a “buy” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, Deutsche Bank AG raised their price objective on shares of The Home Depot from $143.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Seven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $146.86.
In other news, CFO Carol B. Tome sold 97,610 shares of the stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $135.35, for a total value of $13,211,513.50. Following the transaction, the chief financial officer now owns 644,831 shares of the company’s stock, valued at approximately $87,277,875.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Matt Carey sold 29,357 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $136.26, for a total transaction of $4,000,184.82. Following the completion of the transaction, the executive vice president now directly owns 88,872 shares in the company, valued at approximately $12,109,698.72. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.
About The 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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