Home Depot, Inc. (The) (HD) Position Boosted by Stillwater Capital Advisors LLC

Stillwater Capital Advisors LLC lifted its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 1.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 68,636 shares of the home improvement retailer’s stock after buying an additional 1,078 shares during the period. Home Depot, Inc. (The) accounts for approximately 2.7% of Stillwater Capital Advisors LLC’s portfolio, making the stock its 21st largest holding. Stillwater Capital Advisors LLC’s holdings in Home Depot, Inc. (The) were worth $10,529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HD. Boston Partners purchased a new position in shares of Home Depot, Inc. (The) during the first quarter valued at approximately $326,895,000. Schwab Charles Investment Management Inc. lifted its stake 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 buying an additional 1,734,963 shares during the period. Karp Capital Management Corp purchased a new position in shares of Home Depot, Inc. (The) during the first quarter valued at approximately $99,739,000. Jennison Associates LLC lifted its stake 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 buying an additional 556,596 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Home Depot, Inc. (The) by 721.7% during the first quarter. Canada Pension Plan Investment Board now owns 608,454 shares of the home improvement retailer’s stock valued at $89,339,000 after buying an additional 534,406 shares during the period. 71.39% of the stock is currently owned by institutional investors and hedge funds.

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Several brokerages recently issued reports on HD. BMO Capital Markets reissued an “outperform” rating on shares of Home Depot, Inc. (The) in a research note on Tuesday, September 12th. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research note on Monday, September 11th. Robert W. Baird set a $175.00 price objective on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Sunday, September 10th. Bank of America Corporation reissued a “buy” rating and set a $170.00 price objective on shares of Home Depot, Inc. (The) in a research note on Tuesday, September 5th. Finally, Vetr raised shares of Home Depot, Inc. (The) from a “buy” rating to a “strong-buy” rating and set a $166.59 price target on the stock in a research note on Monday, August 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $169.86.

Home Depot, Inc. (NYSE HD) traded down 0.0073% during midday trading on Monday, reaching $158.3884. 1,302,344 shares of the company were exchanged. The firm has a market cap of $186.71 billion, a P/E ratio of 22.7963 and a beta of 1.07. The firm’s 50-day moving average is $152.78 and its 200-day moving average is $151.83. Home Depot, Inc. has a one year low of $119.20 and a one year high of $161.38.

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 for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The business had revenue of $28.11 billion during the quarter, compared to analysts’ expectations of $27.84 billion. During the same period in the previous year, the company earned $1.97 earnings per share. Home Depot, Inc. (The)’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts expect that Home Depot, Inc. will post $7.33 EPS for the current fiscal year.

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

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

Home Depot, Inc. (The) Profile

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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