Teachers Retirement System of The State of Kentucky decreased its position in shares of Home Depot Inc (NYSE:HD) by 17.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,851 shares of the home improvement retailer’s stock after selling 37,100 shares during the quarter. Home Depot accounts for approximately 0.5% of Teachers Retirement System of The State of Kentucky’s investment portfolio, making the stock its 25th largest holding. Teachers Retirement System of The State of Kentucky’s holdings in Home Depot were worth $45,055,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Home Depot by 6.7% during the second quarter. Vanguard Group Inc. now owns 91,547,627 shares of the home improvement retailer’s stock valued at $22,933,597,000 after acquiring an additional 5,714,595 shares in the last quarter. Capital Research Global Investors raised its position in Home Depot by 28.6% during the first quarter. Capital Research Global Investors now owns 21,071,595 shares of the home improvement retailer’s stock valued at $3,934,286,000 after acquiring an additional 4,690,072 shares in the last quarter. Advisor Group Holdings Inc. purchased a new position in Home Depot during the first quarter valued at approximately $77,291,000. Wellington Management Group LLP raised its position in Home Depot by 18.8% during the first quarter. Wellington Management Group LLP now owns 22,254,517 shares of the home improvement retailer’s stock valued at $4,155,141,000 after acquiring an additional 3,515,402 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in Home Depot by 99.8% during the second quarter. Nordea Investment Management AB now owns 3,158,138 shares of the home improvement retailer’s stock valued at $780,250,000 after acquiring an additional 1,577,704 shares in the last quarter. 69.00% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Teresa Wynn Roseborough sold 41,947 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $279.83, for a total value of $11,738,029.01. Also, EVP Matt Carey sold 50,478 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $276.43, for a total value of $13,953,633.54. Following the completion of the transaction, the executive vice president now directly owns 62,735 shares in the company, valued at approximately $17,341,836.05. The disclosure for this sale can be found here. Insiders have sold 105,624 shares of company stock worth $29,429,883 in the last three months. 0.26% of the stock is currently owned by corporate insiders.
NYSE HD traded up $4.93 on Tuesday, reaching $285.58. 4,173,318 shares of the company were exchanged, compared to its average volume of 5,205,923. The business’s fifty day moving average price is $276.39 and its 200 day moving average price is $238.98. The stock has a market capitalization of $307.41 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 2.09 and a beta of 1.09. Home Depot Inc has a fifty-two week low of $140.63 and a fifty-two week high of $292.95.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.20 by $0.82. The company had revenue of $38.05 billion for the quarter, compared to analyst estimates of $32.13 billion. Home Depot had a negative return on equity of 583.91% and a net margin of 9.91%. The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.17 earnings per share. Research analysts anticipate that Home Depot Inc will post 11.3 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, September 2nd. Home Depot’s dividend payout ratio (DPR) is currently 58.54%.
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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