OLD National Bancorp IN boosted its position in shares of The Home Depot Inc. (NYSE:HD) by 17.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,341 shares of the home improvement retailer’s stock after buying an additional 17,047 shares during the period. OLD National Bancorp IN’s holdings in The Home Depot were worth $14,855,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Bank of Montreal Can bought a new position in The Home Depot during the second quarter worth about $337,042,000. Emerald Acquisition Ltd. bought a new position in The Home Depot during the second quarter worth about $198,627,000. Jennison Associates LLC increased its position in 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 during the period. Marsico Capital Management LLC increased its position in 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 during the period. Finally, Capital Fund Management S.A. increased its position in 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 during the period. 71.86% of the stock is owned by institutional investors and hedge funds.
The Home Depot Inc. (NYSE:HD) traded up 0.69% during trading on Friday, reaching $127.16. 445,281 shares of the company were exchanged. The Home Depot Inc. has a 1-year low of $109.62 and a 1-year high of $139.00. The company’s 50-day moving average price is $129.31 and its 200-day moving average price is $132.42. The stock has a market capitalization of $157.12 billion, a P/E ratio of 21.52 and a beta of 0.97.
The Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.97. The company had revenue of $26.47 billion for the quarter, compared to the consensus estimate of $26.47 billion. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The Home Depot’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 firm posted $1.71 EPS. On average, equities analysts forecast that The Home Depot Inc. will post $6.33 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a $0.69 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $2.76 dividend on an annualized basis and a yield of 2.19%. The Home Depot’s dividend payout ratio is currently 46.54%.
A number of research firms have issued reports on HD. Deutsche Bank AG reiterated a “buy” rating and set a $143.00 price target on shares of The Home Depot in a research note on Friday, June 17th. Argus boosted their target price on The Home Depot from $150.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Royal Bank Of Canada boosted their target price 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. Wedbush restated a “neutral” rating and issued a $140.00 target price (down previously from $145.00) on shares of The Home Depot in a research note on Tuesday, August 16th. Finally, Nomura restated an “in-line” rating and issued a $155.00 target price on shares of The Home Depot in a research note 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 stock. The company presently has a consensus rating of “Buy” and a consensus target price of $146.86.
In other news, EVP Timothy M. Crow sold 49,392 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $135.06, for a total value of $6,670,883.52. Following the sale, the executive vice president now directly owns 224,905 shares in the company, valued at approximately $30,375,669.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Carol B. Tome sold 97,610 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was 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 disclosure for this sale can be found here. 0.26% of the stock is currently owned by company 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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