NTV Asset Management LLC maintained its stake in shares of The Home Depot Inc. (NYSE:HD) during the second quarter, Holdings Channel reports. The firm owned 12,068 shares of the home improvement retailer’s stock at the end of the second quarter. NTV Asset Management LLC’s holdings in The Home Depot were worth $1,540,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Capital Investment Advisors LLC increased its stake in The Home Depot by 0.4% in the second quarter. Capital Investment Advisors LLC now owns 169,358 shares of the home improvement retailer’s stock worth $21,625,000 after buying an additional 751 shares during the period. Roffman Miller Associates Inc. PA increased its stake in The Home Depot by 1.3% in the second quarter. Roffman Miller Associates Inc. PA now owns 167,663 shares of the home improvement retailer’s stock worth $21,409,000 after buying an additional 2,097 shares during the period. Rockland Trust Co. increased its stake in The Home Depot by 0.9% in the second quarter. Rockland Trust Co. now owns 117,354 shares of the home improvement retailer’s stock worth $14,985,000 after buying an additional 1,069 shares during the period. AXA increased its stake in The Home Depot by 2.4% in the first quarter. AXA now owns 770,870 shares of the home improvement retailer’s stock worth $102,857,000 after buying an additional 17,802 shares during the period. Finally, First National Bank of Omaha increased its stake in The Home Depot by 0.9% in the second quarter. First National Bank of Omaha now owns 126,895 shares of the home improvement retailer’s stock worth $16,203,000 after buying an additional 1,142 shares during the period. 71.86% of the stock is owned by institutional investors and hedge funds.
The Home Depot Inc. (NYSE:HD) traded up 1.41% during midday trading on Thursday, reaching $129.38. The company’s stock had a trading volume of 3,061,438 shares. The firm has a 50-day moving average price of $130.70 and a 200 day moving average price of $132.58. The stock has a market capitalization of $159.86 billion, a price-to-earnings ratio of 21.90 and a beta of 0.97. The Home Depot Inc. has a 52-week low of $109.62 and a 52-week high of $139.00.
The Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.97. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The company had revenue of $26.47 billion for the quarter, compared to analyst estimates of $26.47 billion. During the same period last year, the firm earned $1.71 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Equities research analysts predict that The Home Depot Inc. will post $6.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Tuesday, August 30th. The Home Depot’s payout ratio is currently 46.54%.
A number of equities research analysts have issued reports on the company. Vetr raised The Home Depot from a “hold” rating to a “buy” rating and set a $140.30 price target for the company in a research report on Thursday, September 8th. Stifel Nicolaus assumed coverage on The Home Depot in a research note on Tuesday, August 2nd. They set a “buy” rating and a $157.00 price objective on the stock. Royal Bank Of Canada boosted their price objective on The Home Depot from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. Morgan Stanley set a $145.00 price objective on The Home Depot and gave the stock a “hold” rating in a research note on Wednesday, September 28th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $142.00 price objective on shares of The Home Depot in a research note on Tuesday, August 16th. Seven 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 price target of $146.86.
In related news, CFO Carol B. Tome sold 97,610 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $135.35, for a total transaction of $13,211,513.50. Following the completion of the sale, the chief financial officer now owns 644,831 shares in the company, valued at $87,277,875.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy M. Crow sold 49,392 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 224,905 shares of the company’s stock, valued at approximately $30,375,669.30. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.
About The Home Depot
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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