Rainier Group Investment Advisory LLC Raises Stake in Home Depot Inc (NYSE:HD)

Rainier Group Investment Advisory LLC increased its stake in Home Depot Inc (NYSE:HD) by 4.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 4,523 shares of the home improvement retailer’s stock after buying an additional 194 shares during the quarter. Home Depot accounts for approximately 0.4% of Rainier Group Investment Advisory LLC’s portfolio, making the stock its 16th largest holding. Rainier Group Investment Advisory LLC’s holdings in Home Depot were worth $941,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bluefin Trading LLC lifted its holdings in Home Depot by 10.4% during the second quarter. Bluefin Trading LLC now owns 14,800 shares of the home improvement retailer’s stock valued at $3,078,000 after purchasing an additional 1,400 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Home Depot during the second quarter valued at about $2,641,000. Cubist Systematic Strategies LLC lifted its holdings in Home Depot by 1,245.1% during the second quarter. Cubist Systematic Strategies LLC now owns 77,090 shares of the home improvement retailer’s stock valued at $16,032,000 after purchasing an additional 71,359 shares during the last quarter. Family Management Corp lifted its holdings in Home Depot by 1.8% during the second quarter. Family Management Corp now owns 25,121 shares of the home improvement retailer’s stock valued at $5,224,000 after purchasing an additional 455 shares during the last quarter. Finally, Hilltop Holdings Inc. lifted its holdings in Home Depot by 36.7% during the second quarter. Hilltop Holdings Inc. now owns 8,203 shares of the home improvement retailer’s stock valued at $1,706,000 after purchasing an additional 2,204 shares during the last quarter. 69.92% of the stock is currently owned by institutional investors.

Shares of HD stock traded down $3.45 during trading on Friday, hitting $224.67. The company had a trading volume of 7,071,130 shares, compared to its average volume of 3,619,660. The stock’s 50-day moving average is $219.47 and its two-hundred day moving average is $204.89. The stock has a market capitalization of $246.05 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $235.49.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.07 by $0.10. The company had revenue of $30.84 billion for the quarter, compared to analysts’ expectations of $30.98 billion. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. Home Depot’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.05 earnings per share. On average, research analysts anticipate that Home Depot Inc will post 10.11 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Wednesday, September 4th. Home Depot’s dividend payout ratio (DPR) is 55.01%.

HD has been the topic of several analyst reports. Gabelli cut Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. They noted that the move was a valuation call. KeyCorp reiterated a “hold” rating on shares of Home Depot in a research report on Wednesday, August 21st. SunTrust Banks reiterated a “hold” rating and set a $208.00 price target on shares of Home Depot in a research report on Wednesday, August 21st. Wells Fargo & Co reiterated an “outperform” rating and set a $235.00 price target (up from $230.00) on shares of Home Depot in a research report on Wednesday, August 21st. Finally, Royal Bank of Canada upped their price target on Home Depot from $229.00 to $233.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $221.39.

In related news, EVP William G. Lennie sold 9,200 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total value of $2,024,460.00. Following the transaction, the executive vice president now directly owns 84,123 shares in the company, valued at $18,511,266.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Edward P. Decker sold 22,908 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the completion of the transaction, the executive vice president now owns 87,343 shares in the company, valued at $19,839,962.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,508 shares of company stock worth $39,076,428. 0.27% of the stock is owned by company insiders.

Home Depot Company Profile

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

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