Advisor Partners LLC Has $6.51 Million Position in Home Depot Inc (HD)

Advisor Partners LLC lifted its stake in shares of Home Depot Inc (NYSE:HD) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,365 shares of the home improvement retailer’s stock after buying an additional 1,766 shares during the period. Home Depot comprises about 1.1% of Advisor Partners LLC’s holdings, making the stock its 13th largest position. Advisor Partners LLC’s holdings in Home Depot were worth $6,510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Wells Trecaso Financial Group LLC purchased a new position in Home Depot in the second quarter worth $208,000. Strategic Financial Group LLC boosted its position in Home Depot by 14.3% in the second quarter. Strategic Financial Group LLC now owns 2,529 shares of the home improvement retailer’s stock worth $493,000 after purchasing an additional 317 shares during the last quarter. Conning Inc. boosted its position in Home Depot by 2.1% in the second quarter. Conning Inc. now owns 211,278 shares of the home improvement retailer’s stock worth $41,220,000 after purchasing an additional 4,265 shares during the last quarter. Main Street Research LLC boosted its position in Home Depot by 0.6% in the second quarter. Main Street Research LLC now owns 83,677 shares of the home improvement retailer’s stock worth $16,325,000 after purchasing an additional 505 shares during the last quarter. Finally, Blue Chip Partners Inc. boosted its position in Home Depot by 14.0% in the second quarter. Blue Chip Partners Inc. now owns 42,789 shares of the home improvement retailer’s stock worth $8,348,000 after purchasing an additional 5,252 shares during the last quarter. 69.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of HD opened at $209.07 on Friday. The firm has a market capitalization of $242.53 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 1.67 and a beta of 1.10. The company has a debt-to-equity ratio of 11.60, a quick ratio of 0.37 and a current ratio of 1.13. Home Depot Inc has a 1 year low of $157.16 and a 1 year high of $215.43.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.21. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The firm had revenue of $30.46 billion for the quarter, compared to analyst estimates of $30.04 billion. During the same period in the previous year, the company posted $0.59 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. research analysts anticipate that Home Depot Inc will post 9.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Investors of record on Thursday, August 30th were paid a dividend of $1.03 per share. The ex-dividend date was Wednesday, August 29th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 1.97%. Home Depot’s payout ratio is 55.23%.

In related news, EVP William G. Lennie sold 10,854 shares of the business’s 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 directly owns 40,057 shares in the company, valued at approximately $8,077,093.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Matt Carey sold 4,125 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the sale, the executive vice president now owns 60,179 shares in the company, valued at $11,760,781.97. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Several research analysts have weighed in on the company. Citigroup reissued a “buy” rating and issued a $227.00 price objective on shares of Home Depot in a research report on Wednesday, August 15th. ValuEngine raised Home Depot from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Jefferies Financial Group assumed coverage on Home Depot in a research report on Tuesday, August 21st. They issued a “buy” rating and a $228.00 price objective on the stock. Piper Jaffray Companies reissued a “hold” rating and issued a $203.00 price objective on shares of Home Depot in a research report on Thursday, August 16th. Finally, Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price objective on the stock in a research report on Tuesday, July 17th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $204.96.

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.

Further Reading: What is the Book Value of a Share?

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

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