Zurcher Kantonalbank Zurich Cantonalbank Sells 6,646 Shares of Home Depot Inc (HD)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Home Depot Inc (NYSE:HD) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 406,852 shares of the home improvement retailer’s stock after selling 6,646 shares during the quarter. Home Depot makes up about 0.7% of Zurcher Kantonalbank Zurich Cantonalbank’s portfolio, making the stock its 18th biggest position. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Home Depot were worth $79,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HD. Viridian Ria LLC raised its stake in Home Depot by 12.1% in the 2nd quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock worth $465,000 after acquiring an additional 255 shares during the last quarter. Nadler Financial Group Inc. raised its stake in Home Depot by 11.6% in the 2nd quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock worth $496,000 after acquiring an additional 264 shares during the last quarter. Exencial Wealth Advisors LLC raised its stake in Home Depot by 6.5% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock worth $856,000 after acquiring an additional 266 shares during the last quarter. Bingham Osborn & Scarborough LLC raised its stake in Home Depot by 11.2% in the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock worth $529,000 after acquiring an additional 273 shares during the last quarter. Finally, First Mercantile Trust Co. raised its stake in Home Depot by 4.6% in the 1st quarter. First Mercantile Trust Co. now owns 6,216 shares of the home improvement retailer’s stock worth $1,108,000 after acquiring an additional 274 shares during the last quarter. 69.01% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Matt Carey sold 4,125 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $195.43, for a total transaction of $806,148.75. Following the sale, the executive vice president now directly owns 60,179 shares in the company, valued at approximately $11,760,781.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William G. Lennie sold 10,854 shares of the firm’s 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 sale, the executive vice president now owns 40,057 shares in the company, 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 $192.47 on Friday. The stock has a market cap of $237.01 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 1.63 and a beta of 1.11. Home Depot Inc has a fifty-two week low of $160.53 and a fifty-two week high of $215.43. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 11.60.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.21. The business had revenue of $30.46 billion during the quarter, compared to analyst estimates of $30.04 billion. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. Analysts forecast that Home Depot Inc will post 9.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Wednesday, August 29th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.14%. Home Depot’s payout ratio is currently 55.23%.

A number of brokerages recently issued reports on HD. Morgan Stanley raised their target price on Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a research note on Friday, October 5th. Wells Fargo & Co restated a “buy” rating and issued a $230.00 target price on shares of Home Depot in a research note on Sunday, September 16th. Jefferies Financial Group began coverage on Home Depot in a research note on Tuesday, August 21st. They issued a “buy” rating and a $228.00 target price for the company. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $203.00 target price on shares of Home Depot in a research note on Thursday, August 16th. Six investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $207.40.

Home Depot 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 d├ęcor 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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