The Douglas Lane & Associates LLC reached $1,156,000 position of The Home Depot Inc. (HD)

The Douglas Lane & Associates LLC reached $1,156,000 position  of The Home Depot Inc. (HD)

Douglas Lane & Associates LLC increased its stake in shares of The Home Depot Inc. (NYSE:HD) by 11.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,050 shares of the home improvement retailer’s stock after buying an additional 911 shares during the period. Douglas Lane & Associates LLC’s holdings in The Home Depot were worth $1,156,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in HD. Callahan Advisors LLC increased its stake in shares of The Home Depot by 9.0% in the second quarter. Callahan Advisors LLC now owns 1,911 shares of the home improvement retailer’s stock valued at $244,000 after buying an additional 157 shares during the period. Albion Financial Group UT increased its stake in shares of The Home Depot by 1.0% in the second quarter. Albion Financial Group UT now owns 104,103 shares of the home improvement retailer’s stock valued at $13,293,000 after buying an additional 1,067 shares during the period. Bank of Montreal Can purchased a new stake in shares of The Home Depot during the second quarter valued at about $337,042,000. Cottage Street Advisors LLC increased its stake in shares of The Home Depot by 7.2% in the second quarter. Cottage Street Advisors LLC now owns 18,124 shares of the home improvement retailer’s stock valued at $2,314,000 after buying an additional 1,220 shares during the period. Finally, MSI Financial Services Inc increased its stake in shares of The Home Depot by 17.5% in the second quarter. MSI Financial Services Inc now owns 71,368 shares of the home improvement retailer’s stock valued at $9,113,000 after buying an additional 10,605 shares during the period. Institutional investors own 71.86% of the company’s stock.

The Home Depot Inc. (NYSE:HD) traded up 0.10% during trading on Friday, reaching $126.42. 4,462,055 shares of the company traded hands. The firm has a market capitalization of $156.20 billion, a price-to-earnings ratio of 21.40 and a beta of 0.97. The firm’s 50 day moving average price is $129.05 and its 200 day moving average price is $132.39. The Home Depot Inc. has a 12-month low of $109.62 and a 12-month high of $139.00.

The Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.97. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The business had revenue of $26.47 billion for the quarter, compared to analysts’ expectations of $26.47 billion. During the same period in the prior year, the company posted $1.71 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts expect that The Home Depot Inc. will post $6.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Tuesday, August 30th. The Home Depot’s payout ratio is 46.54%.

Several equities research analysts recently issued reports on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $143.00 target price on shares of The Home Depot in a research note on Friday, June 17th. Argus raised their target price on shares of The Home Depot from $150.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Royal Bank Of Canada raised their target price on shares of The Home Depot from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Wedbush restated a “neutral” rating and set a $140.00 price objective (down from $145.00) on shares of The Home Depot in a research report on Tuesday, August 16th. Finally, Nomura restated an “in-line” rating and set a $155.00 price objective on shares of The Home Depot in a research report on Wednesday, August 17th. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $146.86.

In other news, CFO Carol B. Tome sold 97,610 shares of the stock in a transaction on Monday, August 22nd. The shares were 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 of the company’s stock, valued at approximately $87,277,875.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Matt Carey sold 29,357 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $136.26, for a total transaction of $4,000,184.82. Following the completion of the transaction, the executive vice president now directly owns 88,872 shares in the company, valued at approximately $12,109,698.72. The disclosure for this sale can be found here. 0.26% of the stock is currently 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.

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