Xact Kapitalforvaltning AB Raises Position in Home Depot, Inc. (The) (HD)

Xact Kapitalforvaltning AB increased its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 207,509 shares of the home improvement retailer’s stock after purchasing an additional 490 shares during the quarter. Home Depot, Inc. (The) accounts for 1.0% of Xact Kapitalforvaltning AB’s investment portfolio, making the stock its 16th biggest holding. Xact Kapitalforvaltning AB’s holdings in Home Depot, Inc. (The) were worth $31,832,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. American Beacon Advisors Inc. acquired a new position in Home Depot, Inc. (The) during the first quarter worth $100,000. Riggs Asset Managment Co. Inc. raised its holdings in Home Depot, Inc. (The) by 114.1% during the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after purchasing an additional 397 shares during the last quarter. University of Texas Investment Managment Co. acquired a new position in Home Depot, Inc. (The) during the first quarter worth $132,000. Peoples Financial Services CORP. raised its holdings in Home Depot, Inc. (The) by 13.9% during the first quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock worth $151,000 after purchasing an additional 125 shares during the last quarter. Finally, Motco raised its holdings in Home Depot, Inc. (The) by 79.3% during the first quarter. Motco now owns 1,244 shares of the home improvement retailer’s stock worth $183,000 after purchasing an additional 550 shares during the last quarter. 71.45% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Teresa Wynn Roseborough sold 15,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $150.39, for a total value of $2,255,850.00. Following the transaction, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the transaction, the executive vice president now directly owns 62,483 shares in the company, valued at $9,816,079.30. The disclosure for this sale can be found here. Insiders sold 57,717 shares of company stock worth $8,916,321 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

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Several brokerages recently issued reports on HD. BMO Capital Markets reaffirmed an “outperform” rating on shares of Home Depot, Inc. (The) in a report on Tuesday, September 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $182.00 price objective on shares of Home Depot, Inc. (The) in a report on Thursday, August 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $178.00 price objective on shares of Home Depot, Inc. (The) in a report on Wednesday, August 16th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Home Depot, Inc. (The) in a report on Friday, August 11th. Finally, Wedbush reaffirmed a “market perform” rating on shares of Home Depot, Inc. (The) in a report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $169.86.

Home Depot, Inc. (NYSE HD) traded down 0.61% during midday trading on Friday, reaching $158.40. The company’s stock had a trading volume of 9,124,244 shares. The firm has a market capitalization of $186.72 billion, a price-to-earnings ratio of 22.80 and a beta of 1.07. The stock’s 50-day moving average price is $152.78 and its 200-day moving average price is $151.82. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $161.38.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The business had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. During the same period in the prior year, the business posted $1.97 earnings per share. Home Depot, Inc. (The)’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts predict that Home Depot, Inc. will post $7.33 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 51.15%.

Home Depot, Inc. (The) Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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