Broderick Brian C decreased its holdings in Home Depot Inc (NYSE:HD) by 0.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,824 shares of the home improvement retailer’s stock after selling 275 shares during the quarter. Home Depot accounts for about 3.0% of Broderick Brian C’s holdings, making the stock its 6th largest holding. Broderick Brian C’s holdings in Home Depot were worth $8,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Viridian Ria LLC increased its holdings in shares of Home Depot by 12.1% in the second quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock valued at $465,000 after purchasing an additional 255 shares during the last quarter. Nadler Financial Group Inc. increased its holdings in shares of Home Depot by 11.6% in the second quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock valued at $496,000 after purchasing an additional 264 shares during the last quarter. Bingham Osborn & Scarborough LLC increased its holdings in shares of Home Depot by 11.2% in the second quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock valued at $529,000 after purchasing an additional 273 shares during the last quarter. First Mercantile Trust Co. increased its holdings in shares of Home Depot by 4.6% in the first quarter. First Mercantile Trust Co. now owns 6,216 shares of the home improvement retailer’s stock valued at $1,108,000 after purchasing an additional 274 shares during the last quarter. Finally, Concentric Wealth Management LLC increased its holdings in shares of Home Depot by 4.3% in the first quarter. Concentric Wealth Management LLC now owns 6,667 shares of the home improvement retailer’s stock valued at $1,188,000 after purchasing an additional 275 shares during the last quarter. 68.96% of the stock is owned by institutional investors.

Several equities research analysts recently commented on HD shares. UBS Group increased their price target on Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, June 20th. ValuEngine raised Home Depot from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Loop Capital set a $200.00 price target on Home Depot and gave the company a “hold” rating in a report on Wednesday, July 11th. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price objective for the company in a research report on Tuesday, July 17th. Finally, Citigroup increased their price objective on Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, August 10th. Seven research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Home Depot presently has a consensus rating of “Buy” and a consensus price target of $205.92.

In other news, EVP Matt Carey sold 4,125 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total transaction of $806,148.75. Following the completion of the transaction, the executive vice president now directly owns 60,179 shares in the company, valued at $11,760,781.97. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP William G. Lennie sold 10,854 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total value of $2,188,600.56. Following the transaction, the executive vice president now owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

HD opened at $207.99 on Tuesday. Home Depot Inc has a 52 week low of $159.75 and a 52 week high of $215.43. The firm has a market cap of $243.00 billion, a PE ratio of 27.88, a PEG ratio of 1.67 and a beta of 1.11. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 11.60.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, topping the consensus estimate of $2.84 by $0.21. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The business had revenue of $30.46 billion during the quarter, compared to analyst estimates of $30.04 billion. During the same period last year, the business posted $0.59 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. equities research analysts predict that Home Depot Inc will post 9.58 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Wednesday, August 29th. This represents a $4.12 annualized dividend and a dividend yield of 1.98%. Home Depot’s dividend payout ratio is currently 55.23%.

About Home Depot

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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