Strs Ohio Sells 100,118 Shares of Home Depot Inc (HD)

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Strs Ohio lowered its position in shares of Home Depot Inc (NYSE:HD) by 10.2% during the third quarter, Holdings Channel reports. The fund owned 883,444 shares of the home improvement retailer’s stock after selling 100,118 shares during the quarter. Home Depot accounts for about 0.8% of Strs Ohio’s holdings, making the stock its 18th biggest position. Strs Ohio’s holdings in Home Depot were worth $183,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of HD. FMR LLC boosted its position in shares of Home Depot by 0.4% during the 2nd quarter. FMR LLC now owns 28,997,912 shares of the home improvement retailer’s stock worth $5,657,493,000 after purchasing an additional 109,499 shares in the last quarter. Morgan Stanley boosted its position in shares of Home Depot by 11.4% during the 2nd quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock worth $1,889,985,000 after purchasing an additional 991,466 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of 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 purchasing an additional 108,535 shares in the last quarter. Swiss National Bank boosted its position in shares of Home Depot by 2.9% during the 2nd quarter. Swiss National Bank now owns 4,045,615 shares of the home improvement retailer’s stock worth $789,299,000 after purchasing an additional 115,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of 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 purchasing an additional 114,785 shares in the last quarter. 69.76% of the stock is currently owned by institutional investors and hedge funds.

NYSE:HD opened at $170.04 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 17.68. The stock has a market capitalization of $189.73 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.33 and a beta of 1.26. Home Depot Inc has a 52 week low of $166.93 and a 52 week high of $215.43.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.24. The firm had revenue of $26.30 billion during the quarter, compared to analyst estimates of $26.23 billion. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.84 EPS. Equities analysts forecast that Home Depot Inc will post 9.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th were paid a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, November 28th. This represents a $4.12 annualized dividend and a yield of 2.42%. Home Depot’s dividend payout ratio (DPR) is 55.23%.

In other Home Depot news, CEO Craig A. Menear sold 117,327 shares of the stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total value of $21,168,137.34. Following the completion of the sale, the chief executive officer now owns 264,970 shares in the company, valued at approximately $47,805,887.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Wayne M. Hewett acquired 250 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was purchased at an average price of $169.62 per share, with a total value of $42,405.00. Following the purchase, the director now owns 3,000 shares in the company, valued at approximately $508,860. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 13,750 shares of company stock valued at $2,401,470 and sold 137,987 shares valued at $24,769,526. Company insiders own 0.25% of the company’s stock.

Several brokerages recently weighed in on HD. Wells Fargo & Co reaffirmed a “buy” rating and issued a $230.00 price target on shares of Home Depot in a research report on Sunday, September 16th. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a research report on Friday, October 5th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $204.00 price target (down previously from $222.00) on shares of Home Depot in a research report on Wednesday, October 17th. UBS Group dropped their price target on shares of Home Depot from $225.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. Finally, Royal Bank of Canada dropped their price target on shares of Home Depot from $218.00 to $208.00 and set an “outperform” rating on the stock in a research report on Monday, November 12th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Home Depot has a consensus rating of “Buy” and a consensus target price of $207.00.

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

Further Reading: What do investors mean by earnings per share?

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

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