Home Depot Inc (HD) Position Trimmed by Boston Family Office LLC

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Boston Family Office LLC reduced its stake in Home Depot Inc (NYSE:HD) by 7.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,690 shares of the home improvement retailer’s stock after selling 1,385 shares during the quarter. Boston Family Office LLC’s holdings in Home Depot were worth $2,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in HD. Forward Management LLC grew its position in Home Depot by 10.4% during the first quarter. Forward Management LLC now owns 6,251 shares of the home improvement retailer’s stock valued at $1,115,000 after acquiring an additional 591 shares during the last quarter. Bank of The Ozarks grew its position in Home Depot by 9.1% during the first quarter. Bank of The Ozarks now owns 8,633 shares of the home improvement retailer’s stock valued at $1,539,000 after acquiring an additional 723 shares during the last quarter. Certified Advisory Corp grew its position in Home Depot by 26.5% during the first quarter. Certified Advisory Corp now owns 4,990 shares of the home improvement retailer’s stock valued at $889,000 after acquiring an additional 1,045 shares during the last quarter. Westpac Banking Corp grew its position in Home Depot by 57.4% during the first quarter. Westpac Banking Corp now owns 159,474 shares of the home improvement retailer’s stock valued at $28,425,000 after acquiring an additional 58,146 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Home Depot by 6.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,774,361 shares of the home improvement retailer’s stock valued at $672,742,000 after acquiring an additional 213,914 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.

NYSE:HD opened at $197.41 on Friday. The firm has a market capitalization of $231.07 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.50 and a beta of 1.13. Home Depot Inc has a twelve month low of $144.25 and a twelve month high of $207.60. The company has a current ratio of 1.17, a quick ratio of 0.37 and a debt-to-equity ratio of 14.37.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.03. The business had revenue of $24.95 billion for the quarter, compared to analysts’ expectations of $25.17 billion. Home Depot had a net margin of 8.85% and a return on equity of 399.15%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 earnings per share. analysts predict that Home Depot Inc will post 9.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 14th. Investors of record on Thursday, May 31st were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.09%. The ex-dividend date was Wednesday, May 30th. Home Depot’s dividend payout ratio (DPR) is currently 55.23%.

A number of brokerages have commented on HD. UBS Group increased their price target on shares of Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Deutsche Bank set a $210.00 price target on shares of Home Depot and gave the company a “buy” rating in a research report on Tuesday, May 15th. Loop Capital set a $187.00 price target on shares of Home Depot and gave the company a “hold” rating in a research report on Tuesday, May 15th. Finally, Wells Fargo & Co set a $205.00 price target on shares of Home Depot and gave the company a “buy” rating in a research report on Tuesday, May 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Home Depot currently has a consensus rating of “Buy” and a consensus target price of $197.25.

In related news, Director Stephanie Linnartz purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The shares were acquired at an average price of $187.57 per share, for a total transaction of $187,570.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Holifield sold 45,549 shares of Home Depot stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $186.84, for a total transaction of $8,510,375.16. Following the completion of the sale, the executive vice president now owns 51,879 shares in the company, valued at approximately $9,693,072.36. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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