Home Depot, Inc. (The) (HD) Position Cut by Probity Advisors Inc.

Probity Advisors Inc. trimmed its stake in Home Depot, Inc. (The) (NYSE:HD) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,751 shares of the home improvement retailer’s stock after selling 96 shares during the quarter. Probity Advisors Inc.’s holdings in Home Depot, Inc. (The) were worth $575,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its position in Home Depot, Inc. (The) by 0.7% during the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock valued at $8,185,463,000 after buying an additional 396,271 shares in the last quarter. Fisher Asset Management LLC lifted its position in Home Depot, Inc. (The) by 1.3% during the first quarter. Fisher Asset Management LLC now owns 8,649,798 shares of the home improvement retailer’s stock valued at $1,270,050,000 after buying an additional 108,242 shares in the last quarter. Clearbridge Investments LLC lifted its position in Home Depot, Inc. (The) by 1.8% during the first quarter. Clearbridge Investments LLC now owns 7,890,301 shares of the home improvement retailer’s stock valued at $1,158,533,000 after buying an additional 140,221 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Home Depot, Inc. (The) by 43.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock valued at $841,602,000 after buying an additional 1,734,963 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in Home Depot, Inc. (The) by 11.7% during the first quarter. Jennison Associates LLC now owns 5,304,624 shares of the home improvement retailer’s stock valued at $778,878,000 after buying an additional 556,596 shares in the last quarter. Hedge funds and other institutional investors own 71.38% of the company’s stock.

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Shares of Home Depot, Inc. (NYSE:HD) opened at 165.25 on Thursday. The company has a market cap of $194.80 billion, a price-to-earnings ratio of 23.78 and a beta of 1.07. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $166.63. The firm’s 50-day moving average is $158.49 and its 200 day moving average is $153.82.

Home Depot, Inc. (The) (NYSE:HD) last issued its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, topping the consensus estimate of $2.21 by $0.04. The firm had revenue of $28.11 billion during the quarter, compared to analysts’ expectations of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. Home Depot, Inc. (The)’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.97 earnings per share. Equities analysts expect that Home Depot, Inc. will post $7.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.15%. Home Depot, Inc. (The)’s payout ratio is presently 51.15%.

HD has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Robert W. Baird set a $175.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Sunday, September 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $179.00 price target on shares of Home Depot, Inc. (The) in a research report on Monday, September 18th. Bank of America Corporation reaffirmed a “buy” rating and set a $170.00 price target on shares of Home Depot, Inc. (The) in a research report on Tuesday, September 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Home Depot, Inc. (The) in a research report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Home Depot, Inc. (The) presently has an average rating of “Buy” and a consensus price target of $172.38.

In other Home Depot, Inc. (The) news, EVP Matt Carey sold 32,000 shares of Home Depot, Inc. (The) stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the transaction, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of Home Depot, Inc. (The) stock in a transaction on Monday, August 21st. The shares were sold at an average price of $150.39, for a total value of $2,255,850.00. Following the transaction, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,717 shares of company stock valued at $8,916,321. Company insiders own 0.26% of the company’s stock.

Home Depot, Inc. (The) Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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

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