West Oak Capital LLC Cuts Holdings in Home Depot, Inc. (The) (HD)

West Oak Capital LLC cut its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 1.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,448 shares of the home improvement retailer’s stock after selling 307 shares during the quarter. Home Depot, Inc. (The) makes up 1.5% of West Oak Capital LLC’s portfolio, making the stock its 7th largest holding. West Oak Capital LLC’s holdings in Home Depot, Inc. (The) were worth $2,523,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Home Depot, Inc. (The) by 0.7% during the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock valued at $8,185,463,000 after acquiring an additional 396,271 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Home Depot, Inc. (The) by 1.3% during the first quarter. Fisher Asset Management LLC now owns 8,649,798 shares of the home improvement retailer’s stock valued at $1,270,050,000 after acquiring an additional 108,242 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Home Depot, Inc. (The) by 1.8% during the first quarter. Clearbridge Investments LLC now owns 7,890,301 shares of the home improvement retailer’s stock valued at $1,158,533,000 after acquiring an additional 140,221 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Home Depot, Inc. (The) by 43.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock valued at $841,602,000 after acquiring an additional 1,734,963 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Home Depot, Inc. (The) by 11.7% during the first quarter. Jennison Associates LLC now owns 5,304,624 shares of the home improvement retailer’s stock valued at $778,878,000 after acquiring an additional 556,596 shares during the period. 71.45% of the stock is owned by institutional investors.

Home Depot, Inc. (NYSE HD) traded down 0.61% during trading on Friday, hitting $158.40. The stock had a trading volume of 9,124,244 shares. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $161.38. The company has a market cap of $186.72 billion, a price-to-earnings ratio of 22.80 and a beta of 1.07. The company has a 50-day moving average of $152.78 and a 200 day moving average of $151.82.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The company had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. During the same period last year, the company earned $1.97 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that Home Depot, Inc. will post $7.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.25%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is 51.15%.

A number of brokerages have issued reports on HD. BMO Capital Markets reissued an “outperform” rating on shares of Home Depot, Inc. (The) in a report on Tuesday. Jefferies Group LLC reissued a “buy” rating and set a $182.00 price objective on shares of Home Depot, Inc. (The) in a report on Thursday, August 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $178.00 price target on shares of Home Depot, Inc. (The) in a report on Wednesday, August 16th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Home Depot, Inc. (The) in a report on Friday, August 11th. Finally, Wedbush reaffirmed a “market perform” rating on shares of Home Depot, Inc. (The) in a report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $169.86.

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In related news, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the sale, the executive vice president now owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $150.39, for a total value of $2,255,850.00. Following the sale, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. Insiders have sold 57,717 shares of company stock valued at $8,916,321 over the last 90 days. 0.26% of the stock is owned by corporate insiders.

About Home Depot, Inc. (The)

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.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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