Home Depot, Inc. (The) (HD) Position Lifted by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC boosted its holdings in shares of Home Depot, Inc. (The) (NYSE:HD) by 3.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,261 shares of the home improvement retailer’s stock after buying an additional 106 shares during the period. Clear Harbor Asset Management LLC’s holdings in Home Depot, Inc. (The) were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of HD. Boston Partners purchased a new position in Home Depot, Inc. (The) in the first quarter valued at about $326,895,000. Schwab Charles Investment Management Inc. grew its stake in Home Depot, Inc. (The) by 43.4% in 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 purchasing an additional 1,734,963 shares in the last quarter. Karp Capital Management Corp purchased a new position in Home Depot, Inc. (The) in the first quarter valued at about $99,739,000. Jennison Associates LLC grew its stake in Home Depot, Inc. (The) by 11.7% in 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 purchasing an additional 556,596 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Home Depot, Inc. (The) by 721.7% in 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 purchasing an additional 534,406 shares in the last quarter. 71.39% of the stock is currently owned by hedge funds and other institutional investors.

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Home Depot, Inc. (HD) traded up 0.71% on Wednesday, hitting $158.78. The stock had a trading volume of 1,970,492 shares. The company has a market capitalization of $187.17 billion, a PE ratio of 22.85 and a beta of 1.07. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $161.38. The company has a 50 day moving average of $153.29 and a 200 day moving average of $152.05.

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 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 company had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. During the same quarter in the previous year, the firm posted $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 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were paid a $0.89 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $3.56 annualized dividend and a dividend yield of 2.26%. Home Depot, Inc. (The)’s dividend payout ratio is 51.15%.

In other Home Depot, Inc. (The) 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 sale, the executive vice president now owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 10,717 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the sale, the executive vice president now directly owns 64,810 shares in the company, valued at approximately $9,877,044. The disclosure for this sale can be found here. In the last three months, insiders sold 57,717 shares of company stock worth $8,916,321. 0.26% of the stock is currently owned by insiders.

A number of brokerages have commented on HD. Sanford C. Bernstein restated a “market perform” rating and issued a $152.00 target price on shares of Home Depot, Inc. (The) in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating on shares of Home Depot, Inc. (The) in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. set a $178.00 price target on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Wedbush reiterated a “market perform” rating on shares of Home Depot, Inc. (The) in a research note on Wednesday, August 16th. Finally, Zacks Investment Research downgraded Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Home Depot, Inc. (The) currently has an average rating of “Buy” and a consensus price target of $169.98.

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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