Home Depot Inc (HD) Holdings Boosted by Hemenway Trust Co LLC
Hemenway Trust Co LLC lifted its stake in Home Depot Inc (NYSE:HD) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 66,267 shares of the home improvement retailer’s stock after acquiring an additional 3,160 shares during the quarter. Home Depot accounts for 2.4% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 16th largest position. Hemenway Trust Co LLC’s holdings in Home Depot were worth $12,929,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of HD. Lucia Wealth Services LLC acquired a new position in shares of Home Depot in the 1st quarter worth approximately $101,000. Earnest Partners LLC acquired a new position in shares of Home Depot in the 4th quarter worth approximately $108,000. Institutional & Family Asset Management LLC acquired a new position in shares of Home Depot in the 1st quarter worth approximately $108,000. Clarus Wealth Advisors acquired a new position in shares of Home Depot in the 2nd quarter worth approximately $136,000. Finally, Princeton Capital Management LLC acquired a new position in shares of Home Depot in the 1st quarter worth approximately $151,000. Hedge funds and other institutional investors own 68.96% of the company’s stock.
In other Home Depot news, EVP William G. Lennie sold 10,854 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total value of $2,188,600.56. Following the sale, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at approximately $8,077,093.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Matt Carey sold 4,125 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total transaction of $806,148.75. Following the completion of the sale, the executive vice president now directly owns 60,179 shares in the company, valued at $11,760,781.97. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.21. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The firm had revenue of $30.46 billion for the quarter, compared to the consensus estimate of $30.04 billion. During the same period in the prior year, the firm earned $0.59 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. research analysts forecast that Home Depot Inc will post 9.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Wednesday, August 29th. Home Depot’s dividend payout ratio is presently 55.23%.
HD has been the topic of several recent analyst reports. Citigroup upped their price objective on shares of Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, August 10th. Wells Fargo & Co restated a “buy” rating and issued a $230.00 price objective on shares of Home Depot in a report on Sunday, September 16th. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. UBS Group upped their price objective on shares of Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, June 20th. Finally, Loop Capital set a $200.00 price objective on shares of Home Depot and gave the stock a “hold” rating in a report on Wednesday, July 11th. Seven analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $205.92.
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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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