Bright Rock Capital Management LLC increased its stake in shares of The Home Depot Inc. (NYSE:HD) by 10.9% during the second quarter, Holdings Channel reports. The firm owned 61,179 shares of the home improvement retailer’s stock after buying an additional 6,000 shares during the period. The Home Depot comprises about 2.5% of Bright Rock Capital Management LLC’s portfolio, making the stock its 4th largest position. Bright Rock Capital Management LLC’s holdings in The Home Depot were worth $7,812,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. 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 last quarter. 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 last quarter. 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 last quarter. Highland Private Wealth Management acquired a new stake in The Home Depot during the first quarter worth $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 last quarter. 71.86% of the stock is currently owned by institutional investors.
The Home Depot Inc. (NYSE:HD) traded up 0.59% during midday trading on Friday, reaching $128.68. 6,044,649 shares of the company’s stock traded hands. The Home Depot Inc. has a one year low of $109.62 and a one year high of $139.00. The stock’s 50 day moving average price is $131.43 and its 200-day moving average price is $132.62. The stock has a market cap of $158.99 billion, a PE ratio of 21.78 and a beta of 0.91.
The Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $1.97 EPS for the quarter, meeting the consensus estimate of $1.97. The business earned $26.47 billion during the quarter, compared to analyst estimates of $26.47 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 earnings per share. Equities analysts predict that The Home Depot Inc. will post $6.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.14%. The ex-dividend date was Tuesday, August 30th. The Home Depot’s dividend payout ratio is currently 46.54%.
A number of equities research analysts have weighed in on HD shares. Jefferies Group reissued a “buy” rating and set a $156.00 target price on shares of The Home Depot in a report on Wednesday, June 15th. Deutsche Bank AG reissued a “buy” rating and set a $143.00 target price on shares of The Home Depot in a report on Friday, June 17th. Nomura raised shares of The Home Depot from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $155.00 in a report on Thursday, June 23rd. Vetr lowered shares of The Home Depot from a “strong-buy” rating to a “buy” rating and set a $139.51 target price on the stock. in a report on Monday, July 4th. Finally, Zacks Investment Research lowered shares of The Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, July 19th. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $147.36.
In other The Home Depot news, CFO Carol B. Tome sold 97,610 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $135.35, for a total transaction of $13,211,513.50. Following the completion of the transaction, the chief financial officer now owns 644,831 shares of the company’s stock, valued at $87,277,875.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy M. Crow sold 49,392 shares of the firm’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $135.06, for a total value of $6,670,883.52. Following the transaction, the executive vice president now directly owns 224,905 shares of the company’s stock, valued at approximately $30,375,669.30. The disclosure for this sale can be found here. Company 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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