Home Depot Inc (HD) Stake Boosted by Bank of Hawaii

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Bank of Hawaii lifted its stake in Home Depot Inc (NYSE:HD) by 11.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,781 shares of the home improvement retailer’s stock after acquiring an additional 1,749 shares during the quarter. Bank of Hawaii’s holdings in Home Depot were worth $3,274,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its stake in 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 buying an additional 604,634 shares during the period. Schwab Charles Investment Management Inc. increased its stake in 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 buying an additional 230,769 shares during the period. Fisher Asset Management LLC increased its stake in Home Depot by 2.6% during the 2nd quarter. Fisher Asset Management LLC now owns 4,326,599 shares of the home improvement retailer’s stock worth $844,119,000 after buying an additional 108,535 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Home Depot by 3.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,889,146 shares of the home improvement retailer’s stock worth $758,772,000 after buying an additional 114,785 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Home Depot by 9.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,482,675 shares of the home improvement retailer’s stock worth $620,752,000 after buying an additional 301,180 shares during the period. Hedge funds and other institutional investors own 69.01% of the company’s stock.

A number of brokerages have commented on HD. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a research report on Friday, October 5th. ValuEngine raised shares of Home Depot from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. UBS Group increased their price objective on shares of Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, June 20th. Morgan Stanley increased their price objective on shares of Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Loop Capital set a $200.00 price objective on shares of Home Depot and gave the company a “hold” rating in a research report on Wednesday, July 11th. Six investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Home Depot currently has an average rating of “Buy” and a consensus price target of $207.40.

NYSE HD opened at $192.47 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60. The firm has a market capitalization of $237.01 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.63 and a beta of 1.11. Home Depot Inc has a 12 month low of $160.53 and a 12 month high of $215.43.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.21. The firm had revenue of $30.46 billion for the quarter, compared to the consensus estimate of $30.04 billion. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. On average, research analysts forecast 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. Investors of record on Thursday, August 30th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Wednesday, August 29th. Home Depot’s dividend payout ratio (DPR) is 55.23%.

In related news, EVP Matt Carey sold 4,125 shares of the stock in a transaction 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 in the company, valued at approximately $11,760,781.97. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP William G. Lennie sold 10,854 shares of the stock in a transaction 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 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. Company insiders own 0.25% of the company’s stock.

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 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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