Wintrust Investments LLC lowered its stake in The Home Depot, Inc. (NYSE:HD) by 8.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,692 shares of the home improvement retailer’s stock after selling 1,360 shares during the quarter. Wintrust Investments LLC’s holdings in The Home Depot were worth $4,685,000 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 stock. Factorial Partners LLC lifted its stake in The Home Depot by 112,672.9% in the first quarter. Factorial Partners LLC now owns 4,059,825 shares of the home improvement retailer’s stock valued at $13,300,000 after acquiring an additional 4,056,225 shares during the last quarter. Capital International Investors raised its stake in The Home Depot by 117.9% in the 1st quarter. Capital International Investors now owns 2,738,001 shares of the home improvement retailer’s stock valued at $835,775,000 after acquiring an additional 1,481,366 shares during the period. Bank of New York Mellon Corp lifted its holdings in The Home Depot by 11.7% during the 1st quarter. Bank of New York Mellon Corp now owns 12,190,230 shares of the home improvement retailer’s stock valued at $3,721,069,000 after purchasing an additional 1,272,539 shares during the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in The Home Depot during the 2nd quarter valued at $197,167,000. Finally, Franklin Resources Inc. boosted its position in The Home Depot by 49.5% during the first quarter. Franklin Resources Inc. now owns 1,979,376 shares of the home improvement retailer’s stock worth $604,204,000 after purchasing an additional 654,949 shares during the period. Institutional investors and hedge funds own 68.97% of the company’s stock.
In other The Home Depot news, EVP Teresa Wynn Roseborough sold 5,000 shares of the stock in a transaction that occurred on Monday, August 23rd. The shares were sold at an average price of $328.65, for a total transaction of $1,643,250.00. Following the completion of the sale, the executive vice president now owns 19,760 shares of the company’s stock, valued at approximately $6,494,124. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig A. Menear sold 68,468 shares of the company’s stock in a transaction on Friday, August 20th. The shares were sold at an average price of $325.46, for a total transaction of $22,283,595.28. The disclosure for this sale can be found here. Insiders have sold 74,622 shares of company stock valued at $24,302,611 in the last ninety days. Insiders own 0.18% of the company’s stock.
The Home Depot (NYSE:HD) last released its quarterly earnings results on Monday, August 16th. The home improvement retailer reported $4.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.43 by $0.10. The company had revenue of $41.12 billion for the quarter, compared to analysts’ expectations of $40.74 billion. The Home Depot had a return on equity of 709.19% and a net margin of 10.55%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $4.02 earnings per share. Sell-side analysts anticipate that The Home Depot, Inc. will post 14.45 EPS for the current fiscal year.
The Home Depot declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 20th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 16th. Shareholders of record on Thursday, September 2nd will be given a $1.65 dividend. This represents a $6.60 annualized dividend and a yield of 1.99%. The ex-dividend date is Wednesday, September 1st. The Home Depot’s dividend payout ratio (DPR) is currently 54.86%.
Several brokerages recently commented on HD. Morgan Stanley lifted their target price on shares of The Home Depot from $340.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, May 24th. Credit Suisse Group lifted their target price on The Home Depot from $319.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, May 25th. Jefferies Financial Group dropped their price objective on shares of The Home Depot from $380.00 to $369.00 and set a “buy” rating for the company in a research note on Wednesday, August 18th. OTR Global lowered shares of The Home Depot to a “positive” rating in a research report on Tuesday, August 10th. Finally, Raymond James lifted their price target on shares of The Home Depot from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, August 16th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $339.52.
The Home Depot Profile
The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.
Read More: What are the Benefits of Index Funds?
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HD).
Receive News & Ratings for The Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.