NS Partners Ltd Sells 4,680 Shares of Home Depot Inc (NYSE:HD)

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NS Partners Ltd lessened its position in shares of Home Depot Inc (NYSE:HD) by 21.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 17,131 shares of the home improvement retailer’s stock after selling 4,680 shares during the period. NS Partners Ltd’s holdings in Home Depot were worth $3,563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HD. Lindbrook Capital LLC boosted its holdings in shares of Home Depot by 1.6% in the 2nd quarter. Lindbrook Capital LLC now owns 3,056 shares of the home improvement retailer’s stock valued at $635,000 after acquiring an additional 49 shares during the last quarter. First Command Financial Services Inc. boosted its holdings in shares of Home Depot by 0.9% in the 2nd quarter. First Command Financial Services Inc. now owns 5,608 shares of the home improvement retailer’s stock valued at $1,167,000 after acquiring an additional 50 shares during the last quarter. Canton Hathaway LLC boosted its holdings in shares of Home Depot by 4.3% in the 2nd quarter. Canton Hathaway LLC now owns 1,202 shares of the home improvement retailer’s stock valued at $250,000 after acquiring an additional 50 shares during the last quarter. Mercer Capital Advisers Inc. boosted its holdings in shares of Home Depot by 1.9% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 2,730 shares of the home improvement retailer’s stock valued at $568,000 after acquiring an additional 50 shares during the last quarter. Finally, Benin Management CORP boosted its holdings in shares of Home Depot by 2.0% in the 2nd quarter. Benin Management CORP now owns 2,591 shares of the home improvement retailer’s stock valued at $539,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

NYSE HD traded down $0.24 during mid-day trading on Tuesday, reaching $218.41. 139,634 shares of the stock were exchanged, compared to its average volume of 4,407,764. The business’s 50 day moving average is $212.90 and its 200-day moving average is $200.04. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $222.65. The company has a market capitalization of $239.28 billion, a P/E ratio of 22.06, a P/E/G ratio of 2.01 and a beta of 1.12.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The firm had revenue of $30.84 billion for the quarter, compared to the consensus estimate of $30.98 billion. During the same period in the prior year, the firm posted $3.05 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts forecast that Home Depot Inc will post 10.12 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, September 4th. Home Depot’s dividend payout ratio is presently 55.01%.

Several research firms have recently commented on HD. Goldman Sachs Group began coverage on shares of Home Depot in a report on Thursday, July 11th. They issued a “buy” rating and a $235.00 price objective on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $192.00 price objective on shares of Home Depot in a report on Wednesday, May 1st. Royal Bank of Canada upped their price objective on shares of Home Depot from $229.00 to $233.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. ValuEngine downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Loop Capital increased their price target on shares of Home Depot to $200.00 and gave the stock a “hold” rating in a report on Wednesday, August 21st. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $220.11.

In other Home Depot news, EVP William G. Lennie sold 9,200 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the completion of the transaction, the executive vice president now directly owns 84,123 shares in the company, valued at $18,511,266.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Matt Carey sold 34,688 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $202.09, for a total transaction of $7,010,097.92. Following the transaction, the executive vice president now owns 81,982 shares of the company’s stock, valued at $16,567,742.38. The disclosure for this sale can be found here. Insiders have sold 215,622 shares of company stock valued at $45,864,577 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

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.

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

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