United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Boosts Stock Holdings in The Home Depot, Inc. (NYSE:HD)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in The Home Depot, Inc. (NYSE:HD) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,312 shares of the home improvement retailer’s stock after purchasing an additional 2,812 shares during the period. Home Depot comprises about 1.6% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings, making the stock its 26th largest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Home Depot were worth $35,794,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors lifted its position in shares of Home Depot by 7.2% during the 4th 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 last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Home Depot by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after buying an additional 347,614 shares during the last quarter. Norges Bank acquired a new position in shares of Home Depot during the 4th quarter worth about $4,311,070,000. Fisher Asset Management LLC increased its holdings in shares of Home Depot by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after acquiring an additional 195,670 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Home Depot by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,465,972 shares of the home improvement retailer’s stock worth $2,240,783,000 after acquiring an additional 82,672 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the sale, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

HD has been the topic of several recent analyst reports. Mizuho began coverage on shares of Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price target on the stock. Wells Fargo & Company dropped their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Citigroup decreased their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Finally, Guggenheim reiterated a “buy” rating and set a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $380.58.

Home Depot Price Performance

NYSE:HD traded up $10.67 during trading hours on Tuesday, hitting $369.13. The company’s stock had a trading volume of 3,209,259 shares, compared to its average volume of 3,437,104. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The business’s 50-day moving average is $339.85 and its two-hundred day moving average is $352.22. The company has a market capitalization of $366.03 billion, a PE ratio of 24.76, a PEG ratio of 2.48 and a beta of 0.99.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. During the same quarter last year, the firm posted $3.82 EPS. The business’s revenue was down 2.3% compared to the same quarter last year. As a group, research analysts anticipate that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.44%. Home Depot’s payout ratio is 60.36%.

Home Depot Profile

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.