Private Wealth Partners LLC Has $14.65 Million Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Private Wealth Partners LLC lowered its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.8% in the second quarter, HoldingsChannel reports. The firm owned 42,567 shares of the home improvement retailer’s stock after selling 353 shares during the period. Home Depot makes up approximately 1.1% of Private Wealth Partners LLC’s investment portfolio, making the stock its 24th biggest holding. Private Wealth Partners LLC’s holdings in Home Depot were worth $14,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Capital Research Global Investors lifted its position in Home Depot by 7.2% during the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after purchasing an additional 992,444 shares during the period. Norges Bank bought a new position in Home Depot during the 4th quarter valued at $4,311,070,000. Fisher Asset Management LLC increased its position in shares of Home Depot by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 8,790,895 shares of the home improvement retailer’s stock valued at $3,046,485,000 after purchasing an additional 184,480 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Home Depot by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after acquiring an additional 971,833 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in Home Depot by 13.1% in the 1st quarter. Jennison Associates LLC now owns 4,917,286 shares of the home improvement retailer’s stock worth $1,886,271,000 after acquiring an additional 569,690 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Stock Performance

NYSE:HD opened at $370.49 on Thursday. The company’s 50-day moving average price is $359.31 and its 200-day moving average price is $354.03. The company has a market cap of $367.38 billion, a P/E ratio of 24.85, a P/E/G ratio of 2.49 and a beta of 1.00. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.65 EPS. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HD shares. Jefferies Financial Group started coverage on Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target for the company. Loop Capital reduced their price target on Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Royal Bank of Canada lowered their price target on Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. HSBC reduced their price target on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research report on Wednesday, May 15th. Finally, DA Davidson raised their price target on Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $387.79.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.