Osborne Partners Capital Management LLC Increases Holdings in Home Depot, Inc. (The) (HD)

Osborne Partners Capital Management LLC raised its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,794 shares of the home improvement retailer’s stock after purchasing an additional 500 shares during the period. Osborne Partners Capital Management LLC’s holdings in Home Depot, Inc. (The) were worth $7,332,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Boston Partners purchased a new stake in Home Depot, Inc. (The) during the first quarter worth approximately $326,895,000. Schwab Charles Investment Management Inc. grew its stake in Home Depot, Inc. (The) by 43.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after buying an additional 1,734,963 shares during the period. Karp Capital Management Corp purchased a new stake in Home Depot, Inc. (The) during the first quarter worth approximately $99,739,000. Jennison Associates LLC boosted its stake in shares of Home Depot, Inc. (The) by 11.7% in the first quarter. Jennison Associates LLC now owns 5,304,624 shares of the home improvement retailer’s stock valued at $778,878,000 after purchasing an additional 556,596 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Home Depot, Inc. (The) by 721.7% in the first quarter. Canada Pension Plan Investment Board now owns 608,454 shares of the home improvement retailer’s stock valued at $89,339,000 after purchasing an additional 534,406 shares during the period. 71.45% of the stock is owned by hedge funds and other institutional investors.

In other Home Depot, Inc. (The) news, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the transaction, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $150.39, for a total value of $2,255,850.00. Following the completion of the transaction, the executive vice president now directly owns 33,147 shares in the company, valued at $4,984,977.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,717 shares of company stock worth $8,916,321. 0.26% of the stock is owned by company insiders.

Shares of Home Depot, Inc. (HD) traded down 0.53% during trading on Friday, reaching $158.54. 4,469,873 shares of the company traded hands. The stock has a market cap of $186.89 billion, a P/E ratio of 22.82 and a beta of 1.07. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $161.38. The stock’s 50 day moving average price is $152.48 and its 200-day moving average price is $151.73.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The firm had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. During the same quarter in the prior year, the firm posted $1.97 EPS. The business’s revenue was up 6.2% on a year-over-year basis. On average, equities research analysts expect that Home Depot, Inc. will post $7.33 EPS for the current fiscal year.

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

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research note on Thursday, August 24th. Vetr upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $160.62 target price for the company in a research note on Tuesday, May 30th. Longbow Research reiterated a “buy” rating and set a $175.00 price objective on shares of Home Depot, Inc. (The) in a research note on Monday, August 14th. BidaskClub downgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, Barclays PLC set a $165.00 price objective on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $169.86.

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Home Depot, Inc. (The) 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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