Home Depot Inc (HD) is Broderick Brian C’s 6th Largest Position

Broderick Brian C trimmed its stake in Home Depot Inc (NYSE:HD) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,824 shares of the home improvement retailer’s stock after selling 275 shares during the period. Home Depot accounts for 3.0% of Broderick Brian C’s portfolio, making the stock its 6th largest position. Broderick Brian C’s holdings in Home Depot were worth $8,160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Home Depot by 0.8% during the 1st quarter. BlackRock Inc. now owns 72,237,480 shares of the home improvement retailer’s stock worth $12,875,610,000 after buying an additional 604,634 shares during the last quarter. Clearbridge Investments LLC grew its stake in Home Depot by 1.4% during the 4th quarter. Clearbridge Investments LLC now owns 8,180,356 shares of the home improvement retailer’s stock worth $1,550,423,000 after buying an additional 115,794 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Home Depot by 3.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock worth $1,143,434,000 after buying an additional 230,769 shares during the last quarter. Fisher Asset Management LLC grew its stake in Home Depot by 2.6% during the 2nd quarter. Fisher Asset Management LLC now owns 4,326,599 shares of the home improvement retailer’s stock worth $844,119,000 after buying an additional 108,535 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Home Depot by 6.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,774,361 shares of the home improvement retailer’s stock worth $672,742,000 after buying an additional 213,914 shares during the last quarter. 68.96% of the stock is owned by hedge funds and other institutional investors.

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

Shares of HD opened at $207.99 on Tuesday. Home Depot Inc has a 52 week low of $159.75 and a 52 week 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. The stock has a market capitalization of $243.00 billion, a PE ratio of 27.88, a P/E/G ratio of 1.67 and a beta of 1.11.

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

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

Several research analysts recently weighed in on the company. Citigroup restated a “buy” rating and set a $227.00 target price on shares of Home Depot in a research note on Wednesday, August 15th. ValuEngine upgraded Home Depot from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Jefferies Financial Group assumed coverage on Home Depot in a research note on Tuesday, August 21st. They set a “buy” rating and a $228.00 target price on the stock. Piper Jaffray Companies restated 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 upgraded Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price target on the stock in a research note on Tuesday, July 17th. Seven equities research 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 a consensus target price of $205.92.

Home Depot Company Profile

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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