Home Depot, Inc. (The) (HD) Stake Increased by Investec Asset Management LTD

Investec Asset Management LTD increased its stake in Home Depot, Inc. (The) (NYSE:HD) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,995 shares of the home improvement retailer’s stock after purchasing an additional 57 shares during the quarter. Investec Asset Management LTD’s holdings in Home Depot, Inc. (The) were worth $5,285,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. lifted its stake in Home Depot, Inc. (The) by 0.4% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock valued at $241,000 after buying an additional 6 shares in the last quarter. Pineno Levin & Ford Asset Management Inc. lifted its stake in Home Depot, Inc. (The) by 0.3% during the first quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock valued at $400,000 after buying an additional 9 shares in the last quarter. Piershale Financial Group Inc. lifted its stake in Home Depot, Inc. (The) by 0.6% during the first quarter. Piershale Financial Group Inc. now owns 2,192 shares of the home improvement retailer’s stock valued at $322,000 after buying an additional 13 shares in the last quarter. LVM Capital Management Ltd. MI lifted its stake in Home Depot, Inc. (The) by 1.1% during the first quarter. LVM Capital Management Ltd. MI now owns 2,087 shares of the home improvement retailer’s stock valued at $306,000 after buying an additional 23 shares in the last quarter. Finally, Baldwin Brothers Inc. MA lifted its stake in Home Depot, Inc. (The) by 1.8% during the first quarter. Baldwin Brothers Inc. MA now owns 1,354 shares of the home improvement retailer’s stock valued at $199,000 after buying an additional 24 shares in the last quarter. 71.45% of the stock is owned by institutional investors and hedge funds.

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Shares of Home Depot, Inc. (HD) traded down 0.23% during midday trading on Friday, hitting $159.02. The company had a trading volume of 3,290,217 shares. The firm’s 50 day moving average is $152.48 and its 200 day moving average is $151.73. The company has a market capitalization of $187.46 billion, a P/E ratio of 22.89 and a beta of 1.07. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $161.38.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.04. The firm had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.97 EPS. Equities research analysts anticipate that Home Depot, Inc. will post $7.33 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.89 per share. The ex-dividend date was Tuesday, August 29th. This represents a $3.56 annualized dividend and a dividend yield of 2.23%. Home Depot, Inc. (The)’s payout ratio is 51.15%.

In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 10,717 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the completion of the transaction, the executive vice president now owns 64,810 shares of the company’s stock, valued at approximately $9,877,044. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the sale, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. Insiders have sold a total of 57,717 shares of company stock worth $8,916,321 over the last three months. Insiders own 0.26% of the company’s stock.

A number of equities analysts have recently weighed in on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Home Depot, Inc. (The) in a report on Tuesday. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a report on Monday. Robert W. Baird set a $175.00 price objective on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Sunday, September 10th. Bank of America Corporation reaffirmed a “buy” rating and set a $170.00 target price on shares of Home Depot, Inc. (The) in a research report on Tuesday, September 5th. Finally, Vetr raised Home Depot, Inc. (The) from a “buy” rating to a “strong-buy” rating and set a $166.59 price objective for the company in a research report on Monday, August 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Home Depot, Inc. (The) currently has an average rating of “Buy” and an average price target of $169.86.

Home Depot, Inc. (The) Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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