Northwest Investment Counselors LLC reduced its position in The Home Depot Inc. (NYSE:HD) by 1.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,979 shares of the home improvement retailer’s stock after selling 199 shares during the period. Northwest Investment Counselors LLC’s holdings in The Home Depot were worth $1,530,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. First PREMIER Bank raised its stake in The Home Depot by 29.2% in the second quarter. First PREMIER Bank now owns 885 shares of the home improvement retailer’s stock worth $113,000 after buying an additional 200 shares during the period. RPg Family Wealth Advisory LLC raised its stake in The Home Depot by 87.2% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,404 shares of the home improvement retailer’s stock worth $187,000 after buying an additional 654 shares during the period. Catamount Wealth Management raised its stake in The Home Depot by 2,784.0% in the first quarter. Catamount Wealth Management now owns 1,442 shares of the home improvement retailer’s stock worth $192,000 after buying an additional 1,392 shares during the period. Highland Private Wealth Management bought a new stake in The Home Depot during the first quarter worth approximately $212,000. Finally, Cape ANN Savings Bank raised its stake in The Home Depot by 5.6% in the second quarter. Cape ANN Savings Bank now owns 1,747 shares of the home improvement retailer’s stock worth $223,000 after buying an additional 92 shares during the period. 71.86% of the stock is owned by institutional investors and hedge funds.
Shares of The Home Depot Inc. (NYSE:HD) traded down 1.44% during mid-day trading on Friday, hitting $128.31. The company had a trading volume of 5,511,856 shares. The firm has a market capitalization of $158.54 billion, a PE ratio of 21.72 and a beta of 0.97. The Home Depot Inc. has a 52 week low of $109.62 and a 52 week high of $139.00. The firm has a 50-day moving average price of $130.34 and a 200-day moving average price of $132.54.
The Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.97. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The company had revenue of $26.47 billion for the quarter, compared to the consensus estimate of $26.47 billion. During the same quarter in the previous year, the business earned $1.71 EPS. The Home Depot’s revenue was up 6.6% compared to the same quarter last year. Equities analysts forecast that The Home Depot Inc. will post $6.33 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a dividend of $0.69 per share. The ex-dividend date was Tuesday, August 30th. This represents a $2.76 dividend on an annualized basis and a yield of 2.15%. The Home Depot’s dividend payout ratio is presently 46.54%.
A number of equities research analysts have commented on the company. Vetr upgraded The Home Depot from a “hold” rating to a “buy” rating and set a $140.30 price target on the stock in a research report on Thursday, September 8th. Stifel Nicolaus assumed coverage on The Home Depot in a research report on Tuesday, August 2nd. They issued a “buy” rating and a $157.00 price target on the stock. Royal Bank Of Canada upped their price target on The Home Depot from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. Morgan Stanley set a $145.00 price target on The Home Depot and gave the company a “hold” rating in a research report on Wednesday, September 28th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $142.00 price target on shares of The Home Depot in a research report on Tuesday, August 16th. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $146.86.
In related news, EVP Matt Carey sold 29,357 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 88,872 shares in the company, valued at approximately $12,109,698.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Carol B. Tome sold 97,610 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $87,277,875.85. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.
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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