Waldron LP maintained its stake in The Home Depot Inc. (NYSE:HD) during the second quarter, Holdings Channel reports. The institutional investor owned 2,056 shares of the home improvement retailer’s stock at the end of the second quarter. Waldron LP’s holdings in The Home Depot were worth $237,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in shares of The Home Depot during the second quarter worth about $337,042,000. Emerald Acquisition Ltd. purchased a new stake in shares of The Home Depot during the second quarter worth about $198,627,000. Jennison Associates LLC boosted its stake in shares of The Home Depot by 22.9% in the second quarter. Jennison Associates LLC now owns 7,954,031 shares of the home improvement retailer’s stock worth $1,015,650,000 after buying an additional 1,483,893 shares in the last quarter. Marsico Capital Management LLC boosted its stake in shares of The Home Depot by 605.0% in the first quarter. Marsico Capital Management LLC now owns 1,491,833 shares of the home improvement retailer’s stock worth $199,055,000 after buying an additional 1,280,239 shares in the last quarter. Finally, Capital Fund Management S.A. boosted its stake in shares of The Home Depot by 3,094.3% in the second quarter. Capital Fund Management S.A. now owns 1,048,670 shares of the home improvement retailer’s stock worth $133,905,000 after buying an additional 1,015,841 shares in the last quarter. Institutional investors own 71.86% of the company’s stock.
The Home Depot Inc. (NYSE:HD) traded up 0.43% during midday trading on Wednesday, hitting $126.39. The stock had a trading volume of 288,248 shares. The Home Depot Inc. has a 52-week low of $109.62 and a 52-week high of $139.00. The company’s 50 day moving average price is $129.84 and its 200-day moving average price is $132.51. The stock has a market cap of $156.16 billion, a PE ratio of 21.39 and a beta of 0.97.
The Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.97. The firm earned $26.47 billion during the quarter, compared to analyst estimates of $26.47 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 EPS. Analysts forecast that The Home Depot Inc. will post $6.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Tuesday, August 30th. The Home Depot’s payout ratio is 46.54%.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded The Home Depot from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a research note on Tuesday, October 4th. Vetr lowered The Home Depot from a “buy” rating to a “hold” rating and set a $132.30 target price for the company. in a report on Monday, October 3rd. Morgan Stanley set a $145.00 target price on The Home Depot and gave the company a “hold” rating in a report on Wednesday, September 28th. Argus reaffirmed a “hold” rating and set a $154.00 target price on shares of The Home Depot in a report on Friday, September 16th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of The Home Depot in a report on Monday, September 12th. Seven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $146.86.
In related news, EVP Timothy M. Crow sold 49,392 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $135.06, for a total transaction of $6,670,883.52. Following the transaction, the executive vice president now directly owns 224,905 shares in the company, valued at approximately $30,375,669.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Carol B. Tome sold 97,610 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $135.35, for a total value of $13,211,513.50. Following the transaction, the chief financial officer now owns 644,831 shares in the company, valued at $87,277,875.85. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.
The Home Depot 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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.