Home Depot Inc (HD) Shares Sold by Busey Trust CO

Busey Trust CO lessened its stake in Home Depot Inc (NYSE:HD) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,340 shares of the home improvement retailer’s stock after selling 578 shares during the period. Busey Trust CO’s holdings in Home Depot were worth $2,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HD. Amalgamated Bank raised its holdings in shares of Home Depot by 4.2% in the second quarter. Amalgamated Bank now owns 180,040 shares of the home improvement retailer’s stock valued at $35,126,000 after buying an additional 7,323 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Home Depot by 3.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock valued at $1,143,434,000 after buying an additional 230,769 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Home Depot by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 2,093,731 shares of the home improvement retailer’s stock valued at $396,825,000 after buying an additional 49,863 shares during the last quarter. Synovus Financial Corp raised its holdings in shares of Home Depot by 3.8% in the first quarter. Synovus Financial Corp now owns 220,730 shares of the home improvement retailer’s stock valued at $39,357,000 after buying an additional 8,102 shares during the last quarter. Finally, BBR Partners LLC raised its holdings in shares of Home Depot by 169.6% in the first quarter. BBR Partners LLC now owns 4,543 shares of the home improvement retailer’s stock valued at $810,000 after buying an additional 2,858 shares during the last quarter. Institutional investors own 69.03% of the company’s stock.

In other Home Depot news, EVP Matt Carey sold 4,125 shares of the stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the completion of 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 SEC, which is available at this link. 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 transaction of $2,188,600.56. Following the completion of the transaction, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

NYSE HD opened at $209.45 on Friday. The stock has a market cap of $244.67 billion, a P/E ratio of 28.08, a PEG ratio of 1.68 and a beta of 1.10. Home Depot Inc has a 52-week low of $157.16 and a 52-week high of $215.43. The company has a debt-to-equity ratio of 11.60, a current ratio of 1.13 and a quick ratio of 0.37.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were issued a $1.03 dividend. The ex-dividend date was Wednesday, August 29th. This represents a $4.12 dividend on an annualized basis and a yield of 1.97%. Home Depot’s dividend payout ratio (DPR) is presently 55.23%.

HD has been the subject of a number of research reports. Citigroup upped their target price on shares of Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a report on Friday, August 10th. Zacks Investment Research cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. UBS Group upped their target price on shares of Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, June 20th. Loop Capital set a $200.00 target price on shares of Home Depot and gave the company a “hold” rating in a report on Wednesday, July 11th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $203.00 target price on shares of Home Depot in a report on Thursday, August 16th. Seven research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Home Depot presently has a consensus rating of “Buy” and a consensus target price of $204.96.

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.

Read More: Asset Allocation and Your Retirement

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply