Home Depot Inc (HD) Stake Decreased by NBT Bank N A NY

NBT Bank N A NY lessened its holdings in shares of Home Depot Inc (NYSE:HD) by 12.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,316 shares of the home improvement retailer’s stock after selling 1,343 shares during the period. NBT Bank N A NY’s holdings in Home Depot were worth $1,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HD. BlackRock Inc. raised its holdings in Home Depot by 0.8% during the first quarter. BlackRock Inc. now owns 72,237,480 shares of the home improvement retailer’s stock worth $12,875,610,000 after purchasing an additional 604,634 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Home Depot by 1.4% during the fourth quarter. Clearbridge Investments LLC now owns 8,180,356 shares of the home improvement retailer’s stock worth $1,550,423,000 after purchasing an additional 115,794 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Home Depot by 3.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock worth $1,143,434,000 after purchasing an additional 230,769 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Home Depot by 2.6% during the second 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. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Home Depot by 6.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,774,361 shares of the home improvement retailer’s stock worth $672,742,000 after purchasing an additional 213,914 shares in the last quarter. 68.96% of the stock is currently owned by institutional investors.

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

Home Depot stock opened at $206.84 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60. The company has a market capitalization of $237.36 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 1.63 and a beta of 1.10. Home Depot Inc has a 1 year low of $160.53 and a 1 year high of $215.43.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were given a $1.03 dividend. The ex-dividend date was Wednesday, August 29th. This represents a $4.12 annualized dividend and a yield of 1.99%. Home Depot’s dividend payout ratio (DPR) is 55.23%.

Several equities research analysts recently commented on the company. Wells Fargo & Co reissued a “buy” rating and set a $230.00 target price on shares of Home Depot in a report on Sunday, September 16th. Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Jefferies Financial Group assumed coverage on Home Depot in a report on Tuesday, August 21st. They set a “buy” rating and a $228.00 target price on the stock. UBS Group boosted their target price on Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, June 20th. Finally, Citigroup boosted their target price on Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, August 10th. Seven analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $205.92.

About Home Depot

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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