Home Depot Inc (HD) Holdings Boosted by ELCO Management Co. LLC

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ELCO Management Co. LLC raised its stake in Home Depot Inc (NYSE:HD) by 12.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,632 shares of the home improvement retailer’s stock after acquiring an additional 1,762 shares during the period. Home Depot makes up 1.6% of ELCO Management Co. LLC’s portfolio, making the stock its 16th biggest position. ELCO Management Co. LLC’s holdings in Home Depot were worth $3,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. BlackRock Inc. grew its holdings 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 valued at $12,875,610,000 after buying an additional 604,634 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Home Depot by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 11,675,138 shares of the home improvement retailer’s stock valued at $2,207,871,000 after purchasing an additional 259,863 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Home Depot by 1.4% in the 4th quarter. Clearbridge Investments LLC now owns 8,180,356 shares of the home improvement retailer’s stock valued at $1,550,423,000 after purchasing an additional 115,794 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Home Depot by 3.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock valued at $1,143,434,000 after purchasing an additional 230,769 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in shares of Home Depot by 17.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,919,857 shares of the home improvement retailer’s stock valued at $1,121,990,000 after purchasing an additional 899,399 shares during the last quarter. 69.03% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on the company. UBS Group raised their price target on Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, June 20th. ValuEngine raised Home Depot from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Loop Capital set a $200.00 target price on Home Depot and gave the company a “hold” rating in a research report on Wednesday, July 11th. 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 report on Tuesday, July 17th. Finally, Citigroup lifted their price target on Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a report on Friday, August 10th. Seven research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $205.92.

In related news, EVP Matt Carey sold 4,125 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total value of $806,148.75. Following the transaction, the executive vice president now owns 60,179 shares of the company’s stock, valued at $11,760,781.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William G. Lennie sold 10,854 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president now directly 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 currently owned by company insiders.

Home Depot stock traded down $0.38 during mid-day trading on Friday, hitting $209.07. The company’s stock had a trading volume of 3,584,697 shares, compared to its average volume of 3,817,385. The firm has a market capitalization of $242.53 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 1.67 and a beta of 1.10. Home Depot Inc has a 1 year low of $157.16 and a 1 year high of $215.43. The company has a debt-to-equity ratio of 11.60, a quick ratio of 0.37 and a current ratio of 1.13.

Home Depot (NYSE:HD) last released its quarterly 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 company had revenue of $30.46 billion for the quarter, compared to analysts’ expectations of $30.04 billion. During the same period in the prior year, the firm earned $0.59 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. analysts forecast that Home Depot Inc will post 9.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Wednesday, August 29th. Home Depot’s payout ratio is currently 55.23%.

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.

Further Reading: Book Value Per Share – BVPS

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

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