Home Depot, Inc. (The) (HD) Position Held by Palisades Hudson Asset Management L.P.

Palisades Hudson Asset Management L.P. maintained its position in Home Depot, Inc. (The) (NYSE:HD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,445 shares of the home improvement retailer’s stock at the end of the second quarter. Palisades Hudson Asset Management L.P.’s holdings in Home Depot, Inc. (The) were worth $528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Home Depot, Inc. (The) by 0.7% in 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 last quarter. Clearbridge Investments LLC raised its position in shares of Home Depot, Inc. (The) by 1.8% in 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 purchasing an additional 140,221 shares during the period. Legal & General Group Plc raised its position in shares of Home Depot, Inc. (The) by 4.4% in the second quarter. Legal & General Group Plc now owns 5,897,791 shares of the home improvement retailer’s stock valued at $904,709,000 after purchasing an additional 247,475 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Home Depot, Inc. (The) by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,839,272 shares of the home improvement retailer’s stock valued at $895,745,000 after purchasing an additional 107,466 shares during the period. Finally, Jennison Associates LLC raised its position in shares of 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 during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

In other news, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the sale, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 10,717 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the completion of the sale, the executive vice president now directly owns 64,810 shares of the company’s stock, valued at $9,877,044. The disclosure for this sale can be found here. Insiders have sold a total of 57,717 shares of company stock valued at $8,916,321 in the last three months. 0.26% of the stock is currently owned by corporate insiders.

Shares of Home Depot, Inc. (HD) opened at $164.11 on Friday. The firm has a market cap of $193,455.83, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08. The company has a current ratio of 1.30, a quick ratio of 0.48 and a debt-to-equity ratio of 6.87. Home Depot, Inc. has a 12-month low of $122.92 and a 12-month high of $167.94.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.04. The business had revenue of $28.11 billion during the quarter, compared to analysts’ expectations of $27.84 billion. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.97 EPS. equities research analysts expect that Home Depot, Inc. will post 7.32 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on HD. Jefferies Group LLC reissued a “buy” rating on shares of Home Depot, Inc. (The) in a research report on Monday, July 24th. Oppenheimer Holdings, Inc. set a $178.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research lowered shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Wedbush reissued a “market perform” rating on shares of Home Depot, Inc. (The) in a research report on Wednesday, August 16th. Finally, Credit Suisse Group set a $171.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Home Depot, Inc. (The) has a consensus rating of “Buy” and a consensus target price of $173.18.

Home Depot, Inc. (The) Company 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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