Home Depot, Inc. (The) (HD) Shares Sold by Tdam USA Inc.

Tdam USA Inc. lowered its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 4.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 157,985 shares of the home improvement retailer’s stock after selling 7,478 shares during the period. Home Depot, Inc. (The) comprises about 1.2% of Tdam USA Inc.’s holdings, making the stock its 20th largest position. Tdam USA Inc.’s holdings in Home Depot, Inc. (The) were worth $24,039,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its position in Home Depot, Inc. (The) by 0.7% in the 1st quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock valued at $8,185,463,000 after acquiring an additional 396,271 shares during the period. Clearbridge Investments LLC increased its position in Home Depot, Inc. (The) by 1.8% in the 1st quarter. Clearbridge Investments LLC now owns 7,890,301 shares of the home improvement retailer’s stock valued at $1,158,533,000 after acquiring an additional 140,221 shares during the period. Schwab Charles Investment Management Inc. increased its position in Home Depot, Inc. (The) by 43.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock valued at $841,602,000 after acquiring an additional 1,734,963 shares during the period. Jennison Associates LLC increased its position in Home Depot, Inc. (The) by 11.7% in the 1st quarter. Jennison Associates LLC now owns 5,304,624 shares of the home improvement retailer’s stock valued at $778,878,000 after acquiring an additional 556,596 shares during the period. Finally, Pioneer Investment Management Inc. increased its position in Home Depot, Inc. (The) by 6.6% in the 1st quarter. Pioneer Investment Management Inc. now owns 4,893,585 shares of the home improvement retailer’s stock valued at $718,525,000 after acquiring an additional 301,905 shares during the period. Institutional investors and hedge funds own 71.41% of the company’s stock.

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HD has been the topic of several recent research reports. Vetr cut Home Depot, Inc. (The) from a “strong-buy” rating to a “buy” rating and set a $164.18 price target on the stock. in a research report on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Home Depot, Inc. (The) in a report on Monday, July 24th. Zacks Investment Research raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a report on Wednesday, July 12th. Oppenheimer Holdings, Inc. set a $178.00 price objective on Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Tuesday, August 15th. Finally, Longbow Research reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Home Depot, Inc. (The) in a report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $172.38.

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

Shares of Home Depot, Inc. (NYSE:HD) opened at 166.03 on Wednesday. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $166.63. The stock’s 50 day moving average price is $161.83 and its 200-day moving average price is $155.00. The firm has a market capitalization of $195.72 billion, a P/E ratio of 23.90 and a beta of 1.07.

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

About Home Depot, Inc. (The)

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.

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Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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