Northwestern Mutual Wealth Management Co. Buys 72,464 Shares of Home Depot Inc (HD)

Northwestern Mutual Wealth Management Co. lifted its stake in Home Depot Inc (NYSE:HD) by 75.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 168,428 shares of the home improvement retailer’s stock after purchasing an additional 72,464 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Home Depot were worth $32,861,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Lucia Wealth Services LLC purchased a new position in Home Depot in the first quarter worth approximately $101,000. RPg Family Wealth Advisory LLC grew its position in Home Depot by 84.6% in the second quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after acquiring an additional 275 shares during the period. Institutional & Family Asset Management LLC purchased a new position in Home Depot in the first quarter worth approximately $108,000. Advisors Preferred LLC boosted its position in shares of Home Depot by 819.7% during the second quarter. Advisors Preferred LLC now owns 653 shares of the home improvement retailer’s stock worth $127,000 after buying an additional 582 shares during the period. Finally, Landaas & Co. WI ADV purchased a new position in shares of Home Depot during the second quarter worth $148,000. Institutional investors own 69.27% of the company’s stock.

Several research analysts have recently commented on the company. Wells Fargo & Co restated a “buy” rating and set a $230.00 price target on shares of Home Depot in a research report on Sunday, September 16th. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Jefferies Financial Group assumed coverage on Home Depot in a research report on Tuesday, August 21st. They set a “buy” rating and a $228.00 price target for the company. Citigroup raised their price target on Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, August 10th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $203.00 price target on shares of Home Depot in a research report on Thursday, August 16th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $205.28.

In related news, EVP Matt Carey sold 4,125 shares of Home Depot stock in a transaction on Thursday, August 16th. The stock was 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 in the company, valued at $11,760,781.97. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP William G. Lennie sold 10,854 shares of Home Depot stock in a transaction on 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 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 $185.99 on Friday. The firm has a market capitalization of $214.22 billion, a P/E ratio of 21.62, a P/E/G ratio of 1.47 and a beta of 1.26. Home Depot Inc has a 12-month low of $162.93 and a 12-month 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 earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.21. The firm 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%. Home Depot’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share. Equities research analysts predict that Home Depot Inc will post 9.56 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/11/10/northwestern-mutual-wealth-management-co-buys-72464-shares-of-home-depot-inc-hd.html.

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Read More: What are the most popular ETFs

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