Home Depot Inc (HD) Shares Bought by Inverness Counsel LLC NY

Inverness Counsel LLC NY increased its stake in shares of Home Depot Inc (NYSE:HD) by 3.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 161,454 shares of the home improvement retailer’s stock after buying an additional 4,845 shares during the period. Home Depot makes up approximately 1.6% of Inverness Counsel LLC NY’s investment portfolio, making the stock its 21st largest position. Inverness Counsel LLC NY’s holdings in Home Depot were worth $23,660,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HD. Cape Cod Five Cents Savings Bank boosted its position in shares of Home Depot by 1.1% in the third quarter. Cape Cod Five Cents Savings Bank now owns 68,779 shares of the home improvement retailer’s stock valued at $8,851,000 after buying an additional 766 shares during the period. Ledyard National Bank boosted its position in shares of Home Depot by 37.2% in the third quarter. Ledyard National Bank now owns 46,259 shares of the home improvement retailer’s stock valued at $5,953,000 after buying an additional 12,535 shares during the period. Highstreet Asset Management Inc. boosted its position in shares of Home Depot by 58.5% in the third quarter. Highstreet Asset Management Inc. now owns 17,392 shares of the home improvement retailer’s stock valued at $2,238,000 after buying an additional 6,422 shares during the period. First Merchants Corp boosted its position in shares of Home Depot by 1.2% in the third quarter. First Merchants Corp now owns 2,086 shares of the home improvement retailer’s stock valued at $268,000 after buying an additional 25 shares during the period. Finally, Berkshire Asset Management LLC PA boosted its position in shares of Home Depot by 0.6% in the third quarter. Berkshire Asset Management LLC PA now owns 16,112 shares of the home improvement retailer’s stock valued at $2,073,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 71.53% of the company’s stock.

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

Home Depot Inc (NYSE:HD) opened at 155.70 on Friday. The company has a market capitalization of $186.53 billion, a P/E ratio of 23.30 and a beta of 1.09. Home Depot Inc has a 52-week low of $119.20 and a 52-week high of $160.86. The stock’s 50 day moving average price is $151.91 and its 200-day moving average price is $140.67.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.06. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The firm had revenue of $23.89 billion during the quarter, compared to analysts’ expectations of $23.74 billion. During the same period in the previous year, the business earned $1.44 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts predict that Home Depot Inc will post $7.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.29%. Home Depot’s payout ratio is 44.66%.

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Several brokerages have recently weighed in on HD. Stifel Nicolaus reiterated a “buy” rating and issued a $178.00 price objective (up previously from $165.00) on shares of Home Depot in a research note on Wednesday. Argus increased 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. Vetr upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $152.86 price objective on the stock in a research note on Wednesday, March 8th. Barclays PLC reiterated an “overweight” rating and issued a $165.00 price objective (up previously from $150.00) on shares of Home Depot in a research note on Wednesday. Finally, Credit Suisse Group AG set a $163.00 price objective on shares of Home Depot and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $163.01.

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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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