Hemenway Trust Co LLC Boosts Position in Home Depot Inc (HD)

Hemenway Trust Co LLC boosted its holdings in shares of Home Depot Inc (NYSE:HD) by 5.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,267 shares of the home improvement retailer’s stock after purchasing an additional 3,160 shares during the period. Home Depot comprises approximately 2.4% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 16th biggest holding. Hemenway Trust Co LLC’s holdings in Home Depot were worth $12,929,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Viridian Ria LLC increased its stake in shares of Home Depot by 12.1% during the second quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock worth $465,000 after purchasing an additional 255 shares in the last quarter. Nadler Financial Group Inc. increased its stake in shares of Home Depot by 11.6% during the second quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock worth $496,000 after purchasing an additional 264 shares in the last quarter. Bingham Osborn & Scarborough LLC increased its stake in shares of Home Depot by 11.2% during the second quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock worth $529,000 after purchasing an additional 273 shares in the last quarter. First Mercantile Trust Co. increased its stake in shares of Home Depot by 4.6% during the first quarter. First Mercantile Trust Co. now owns 6,216 shares of the home improvement retailer’s stock worth $1,108,000 after purchasing an additional 274 shares in the last quarter. Finally, Concentric Wealth Management LLC increased its stake in shares of Home Depot by 4.3% during the first quarter. Concentric Wealth Management LLC now owns 6,667 shares of the home improvement retailer’s stock worth $1,188,000 after purchasing an additional 275 shares in the last quarter. Institutional investors own 68.96% of the company’s stock.

HD opened at $207.99 on Tuesday. The stock has a market cap of $243.00 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 1.67 and a beta of 1.11. Home Depot Inc has a twelve month low of $159.75 and a twelve month high of $215.43. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21. The firm had revenue of $30.46 billion for the quarter, compared to analyst estimates of $30.04 billion. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. Home Depot’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. equities analysts predict that Home Depot Inc will post 9.58 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Investors of record on Thursday, August 30th were given a dividend of $1.03 per share. The ex-dividend date was Wednesday, August 29th. This represents a $4.12 dividend on an annualized basis and a yield of 1.98%. Home Depot’s payout ratio is presently 55.23%.

A number of analysts have recently commented on the stock. Citigroup reissued a “buy” rating and set a $227.00 target price on shares of Home Depot in a research note on Wednesday, August 15th. ValuEngine raised shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Jefferies Financial Group assumed coverage on shares of Home Depot in a research note on Tuesday, August 21st. They set a “buy” rating and a $228.00 target price for the company. Piper Jaffray Companies reissued a “hold” rating and set a $203.00 target price on shares of Home Depot in a research note on Thursday, August 16th. Finally, Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $223.00 target price for the company in a research note on Tuesday, July 17th. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $205.92.

In other Home Depot news, EVP William G. Lennie sold 10,854 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total value of $2,188,600.56. Following the transaction, the executive vice president now directly owns 40,057 shares in the company, valued at approximately $8,077,093.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matt Carey sold 4,125 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $195.43, for a total transaction of $806,148.75. Following the completion of the transaction, the executive vice president now owns 60,179 shares in the company, valued at $11,760,781.97. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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