Weatherly Asset Management L. P. Has $13.42 Million Position in The Home Depot, Inc. (NYSE:HD)

Weatherly Asset Management L. P. cut its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 0.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,847 shares of the home improvement retailer’s stock after selling 216 shares during the quarter. Home Depot accounts for about 1.6% of Weatherly Asset Management L. P.’s portfolio, making the stock its 15th largest holding. Weatherly Asset Management L. P.’s holdings in Home Depot were worth $13,424,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HD. Norges Bank acquired a new position in Home Depot during the 4th quarter worth approximately $4,325,629,000. Jennison Associates LLC increased its position in Home Depot by 21.1% during the 4th quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock worth $2,001,755,000 after purchasing an additional 840,033 shares in the last quarter. Geode Capital Management LLC increased its position in Home Depot by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock worth $7,002,662,000 after purchasing an additional 701,811 shares in the last quarter. Deutsche Bank AG increased its position in Home Depot by 12.2% during the 4th quarter. Deutsche Bank AG now owns 5,221,435 shares of the home improvement retailer’s stock worth $2,166,946,000 after purchasing an additional 566,462 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its position in Home Depot by 41.0% during the 4th quarter. 1832 Asset Management L.P. now owns 1,503,876 shares of the home improvement retailer’s stock worth $622,418,000 after purchasing an additional 436,942 shares in the last quarter. 70.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, May 27th. MKM Partners initiated coverage on shares of Home Depot in a report on Thursday, June 23rd. They set a “neutral” rating and a $285.00 target price on the stock. Guggenheim reduced their target price on shares of Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a report on Wednesday, May 18th. Evercore ISI reduced their target price on shares of Home Depot to $360.00 in a report on Thursday, June 9th. Finally, Citigroup boosted their target price on shares of Home Depot from $327.00 to $348.00 in a report on Friday, May 20th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $368.45.

Home Depot Stock Up 0.8 %

Home Depot stock opened at $309.69 on Friday. The Home Depot, Inc. has a 12-month low of $264.51 and a 12-month high of $420.61. The firm’s fifty day moving average is $290.90 and its 200 day moving average is $310.73. The company has a market capitalization of $318.29 billion, a PE ratio of 19.66, a PEG ratio of 2.00 and a beta of 0.99.

Home Depot (NYSE:HDGet Rating) last released its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The company had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $36.78 billion. During the same quarter in the previous year, the company earned $3.86 EPS. Home Depot’s quarterly revenue was up 3.8% compared to the same quarter last year. Sell-side analysts expect that The Home Depot, Inc. will post 16.43 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were issued a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $7.60 annualized dividend and a yield of 2.45%. Home Depot’s payout ratio is 48.25%.

Insiders Place Their Bets

In other Home Depot news, EVP Hector A. Padilla sold 136 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the transaction, the executive vice president now owns 11,230 shares in the company, valued at $3,248,052.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Becker Caryn Seidman bought 1,500 shares of the stock in a transaction dated Monday, May 23rd. The stock was bought at an average price of $287.73 per share, for a total transaction of $431,595.00. Following the completion of the acquisition, the director now directly owns 1,500 shares in the company, valued at approximately $431,595. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Hector A. Padilla sold 136 shares of the stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the sale, the executive vice president now owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

Home Depot Profile

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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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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

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