Aurora Investment Counsel Lowers Holdings in Home Depot Inc (HD)

Aurora Investment Counsel trimmed its position in Home Depot Inc (NYSE:HD) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,405 shares of the home improvement retailer’s stock after selling 602 shares during the quarter. Aurora Investment Counsel’s holdings in Home Depot were worth $2,030,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Home Depot by 0.8% during the 1st quarter. BlackRock Inc. now owns 72,237,480 shares of the home improvement retailer’s stock worth $12,875,610,000 after purchasing an additional 604,634 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Home Depot by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 11,675,138 shares of the home improvement retailer’s stock worth $2,207,871,000 after purchasing an additional 259,863 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Home Depot by 1.4% during the 4th quarter. Clearbridge Investments LLC now owns 8,180,356 shares of the home improvement retailer’s stock worth $1,550,423,000 after purchasing an additional 115,794 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Home Depot by 3.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock worth $1,143,434,000 after purchasing an additional 230,769 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in shares of Home Depot by 17.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,919,857 shares of the home improvement retailer’s stock worth $1,121,990,000 after purchasing an additional 899,399 shares during the last quarter. Institutional investors and hedge funds own 69.03% of the company’s stock.

Shares of NYSE:HD opened at $209.45 on Friday. Home Depot Inc has a 1 year low of $157.16 and a 1 year high of $215.43. The stock has a market cap of $244.67 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.21. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The company had revenue of $30.46 billion for the quarter, compared to analyst estimates of $30.04 billion. During the same period in the prior year, the company posted $0.59 EPS. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. research analysts expect that Home Depot Inc will post 9.58 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Investors of record on Thursday, August 30th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Wednesday, August 29th. Home Depot’s dividend payout ratio is currently 55.23%.

A number of equities research analysts recently weighed in on the company. ValuEngine upgraded Home Depot from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. UBS Group upped their price objective on Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, June 20th. Loop Capital set a $200.00 price objective on Home Depot and gave the stock a “hold” rating in a research note on Wednesday, July 11th. Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Finally, Citigroup restated a “buy” rating and set a $227.00 price objective on shares of Home Depot in a research note on Wednesday, August 15th. Seven investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $204.96.

In other news, EVP Matt Carey sold 4,125 shares of the stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $195.43, for a total value of $806,148.75. Following the transaction, the executive vice president now directly owns 60,179 shares of the company’s stock, valued at $11,760,781.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William G. Lennie sold 10,854 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 40,057 shares in the company, valued at $8,077,093.48. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

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

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