Mutual Advisors LLC Increases Position in The Home Depot, Inc. (NYSE:HD)

Mutual Advisors LLC increased its position in shares of The Home Depot, Inc. (NYSE:HD) by 12.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,217 shares of the home improvement retailer’s stock after purchasing an additional 2,165 shares during the period. Mutual Advisors LLC’s holdings in The Home Depot were worth $6,447,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of The Home Depot by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 16,836,576 shares of the home improvement retailer’s stock valued at $5,125,258,000 after acquiring an additional 349,484 shares during the period. Bank of New York Mellon Corp lifted its position in The Home Depot by 11.7% in the 1st quarter. Bank of New York Mellon Corp now owns 12,190,230 shares of the home improvement retailer’s stock valued at $3,721,069,000 after purchasing an additional 1,272,539 shares during the last quarter. Morgan Stanley raised its position in shares of The Home Depot by 2.9% during the 1st quarter. Morgan Stanley now owns 11,343,414 shares of the home improvement retailer’s stock worth $3,462,577,000 after buying an additional 314,841 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of The Home Depot by 5.5% during the 2nd quarter. Alliancebernstein L.P. now owns 9,931,114 shares of the home improvement retailer’s stock worth $3,166,933,000 after buying an additional 520,162 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of The Home Depot by 3.7% in the 2nd quarter. Fisher Asset Management LLC now owns 7,293,597 shares of the home improvement retailer’s stock worth $2,325,855,000 after purchasing an additional 260,413 shares in the last quarter. Institutional investors own 68.97% of the company’s stock.

Shares of HD stock traded up $2.09 during trading hours on Thursday, reaching $338.02. The company’s stock had a trading volume of 94,691 shares, compared to its average volume of 3,963,839. The stock has a market capitalization of $356.73 billion, a P/E ratio of 23.62, a P/E/G ratio of 2.00 and a beta of 1.02. The Home Depot, Inc. has a one year low of $246.59 and a one year high of $345.69. The firm’s fifty day simple moving average is $328.89 and its 200 day simple moving average is $317.82. The company has a current ratio of 1.06, a quick ratio of 0.35 and a debt-to-equity ratio of 16.31.

The Home Depot (NYSE:HD) last released its earnings results on Monday, August 16th. The home improvement retailer reported $4.53 EPS for the quarter, beating the Zacks’ consensus estimate of $4.43 by $0.10. The company had revenue of $41.12 billion during the quarter, compared to analysts’ expectations of $40.74 billion. The Home Depot had a return on equity of 709.19% and a net margin of 10.55%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.02 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 14.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 16th. Shareholders of record on Thursday, September 2nd were issued a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a yield of 1.95%. The ex-dividend date was Wednesday, September 1st. The Home Depot’s dividend payout ratio is presently 54.86%.

In related news, EVP Hector A. Padilla sold 1,154 shares of the stock in a transaction that occurred on Wednesday, August 18th. The stock was sold at an average price of $325.62, for a total value of $375,765.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Craig A. Menear sold 68,468 shares of the stock in a transaction on Friday, August 20th. The shares were sold at an average price of $325.46, for a total value of $22,283,595.28. The disclosure for this sale can be found here. Insiders sold 74,622 shares of company stock worth $24,302,611 over the last 90 days. Company insiders own 0.18% of the company’s stock.

HD has been the subject of a number of analyst reports. Raymond James lifted their target price on shares of The Home Depot from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, August 16th. Zacks Investment Research lowered shares of The Home Depot from a “strong-buy” rating to a “hold” rating and set a $338.00 target price on the stock. in a report on Tuesday, July 20th. DA Davidson reissued a “neutral” rating on shares of The Home Depot in a report on Wednesday, August 18th. Jefferies Financial Group cut their target price on shares of The Home Depot from $380.00 to $369.00 and set a “buy” rating on the stock in a research report on Wednesday, August 18th. Finally, OTR Global downgraded shares of The Home Depot to a “positive” rating in a research report on Tuesday, August 10th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, The Home Depot currently has a consensus rating of “Buy” and an average price target of $341.25.

The Home Depot Profile

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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

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