Home Depot Inc (HD) Stake Lifted by Highstreet Asset Management Inc.

Highstreet Asset Management Inc. lifted its stake in shares of Home Depot Inc (NYSE:HD) by 23.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,741 shares of the home improvement retailer’s stock after acquiring an additional 28,796 shares during the period. Home Depot accounts for about 1.8% of Highstreet Asset Management Inc.’s investment portfolio, making the stock its 19th largest position. Highstreet Asset Management Inc.’s holdings in Home Depot were worth $29,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in HD. Summit Trail Advisors LLC raised its holdings in Home Depot by 17,627.8% in the first quarter. Summit Trail Advisors LLC now owns 2,233,171 shares of the home improvement retailer’s stock valued at $2,233,000 after buying an additional 2,220,574 shares during the period. Natixis raised its holdings in Home Depot by 153.0% in the first quarter. Natixis now owns 1,064,144 shares of the home improvement retailer’s stock valued at $189,673,000 after buying an additional 643,600 shares during the period. BlackRock Inc. raised its holdings in Home Depot by 0.8% in the first quarter. BlackRock Inc. now owns 72,237,480 shares of the home improvement retailer’s stock valued at $12,875,610,000 after buying an additional 604,634 shares during the period. Cornerstone Wealth Management LLC raised its holdings in Home Depot by 19,557.4% in the second quarter. Cornerstone Wealth Management LLC now owns 590,509 shares of the home improvement retailer’s stock valued at $3,042,000 after buying an additional 587,505 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Home Depot by 9.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,482,675 shares of the home improvement retailer’s stock valued at $620,752,000 after buying an additional 301,180 shares during the period. Institutional investors and hedge funds own 69.27% of the company’s stock.

In other news, EVP Matt Carey sold 4,125 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total transaction of $806,148.75. Following the completion of the sale, the executive vice president now owns 60,179 shares of the company’s stock, valued at $11,760,781.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William G. Lennie sold 10,854 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the sale, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at approximately $8,077,093.48. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.

HD stock opened at $185.99 on Friday. Home Depot Inc has a twelve month low of $162.93 and a twelve month 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. The company has a market cap of $214.22 billion, a PE ratio of 21.62, a P/E/G ratio of 1.47 and a beta of 1.26.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The business had revenue of $30.46 billion during the quarter, compared to the consensus estimate of $30.04 billion. During the same quarter last year, the company earned $0.59 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, analysts anticipate that Home Depot Inc will post 9.56 EPS for the current year.

A number of research firms have recently issued reports on HD. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price objective on the stock in a research note on Tuesday, July 17th. Citigroup lifted their price objective on shares of Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, August 10th. Piper Jaffray Companies reiterated a “hold” rating and set a $203.00 price objective on shares of Home Depot in a research note on Thursday, August 16th. Jefferies Financial Group began coverage on shares of Home Depot in a research note on Tuesday, August 21st. They set a “buy” rating and a $228.00 price objective on the stock. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $230.00 price objective on shares of Home Depot in a research note on Sunday, September 16th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Home Depot currently has an average rating of “Buy” and an average target price of $205.28.

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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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