Huntington National Bank Has $21,515,000 Stake in The Home Depot Inc. (HD)
Huntington National Bank maintained its position in shares of The Home Depot Inc. (NYSE:HD) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 189,373 shares of the home improvement retailer’s stock at the end of the second quarter. Huntington National Bank’s holdings in The Home Depot were worth $21,515,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. raised its position in shares of The Home Depot by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 34,234,257 shares of the home improvement retailer’s stock worth $4,567,877,000 after buying an additional 442,683 shares during the last quarter. Geode Capital Management LLC raised its position in The Home Depot by 6.1% in the first quarter. Geode Capital Management LLC now owns 10,960,092 shares of the home improvement retailer’s stock valued at $1,459,625,000 after buying an additional 630,567 shares in the last quarter. BlackRock Group LTD raised its position in The Home Depot by 1.7% in the first quarter. BlackRock Group LTD now owns 10,197,422 shares of the home improvement retailer’s stock valued at $1,360,642,000 after buying an additional 165,934 shares in the last quarter. Bank of Montreal Can acquired a new position in The Home Depot during the second quarter valued at approximately $337,042,000. Finally, Credit Agricole S A raised its position in The Home Depot by 16.9% in the first quarter. Credit Agricole S A now owns 2,258,896 shares of the home improvement retailer’s stock valued at $301,403,000 after buying an additional 325,836 shares in the last quarter. 71.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of The Home Depot Inc. (NYSE:HD) traded up 0.10% during mid-day trading on Friday, reaching $126.42. 4,462,055 shares of the company traded hands. The firm has a market capitalization of $156.20 billion, a price-to-earnings ratio of 21.40 and a beta of 0.97. The Home Depot Inc. has a 52 week low of $109.62 and a 52 week high of $139.00. The firm has a 50-day moving average price of $129.05 and a 200 day moving average price of $132.39.
The Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $1.97 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.97. The firm earned $26.47 billion during the quarter, compared to analyst estimates of $26.47 billion. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The Home Depot’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $1.71 EPS. On average, analysts anticipate that The Home Depot Inc. will post $6.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Tuesday, August 30th. The Home Depot’s payout ratio is currently 46.54%.
Several equities analysts recently commented on the stock. Stifel Nicolaus assumed coverage on shares of The Home Depot in a report on Tuesday, August 2nd. They set a “buy” rating and a $157.00 target price on the stock. Wedbush reaffirmed a “neutral” rating and set a $140.00 target price (down previously from $145.00) on shares of The Home Depot in a report on Tuesday, August 16th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $142.00 target price on shares of The Home Depot in a report on Tuesday, August 16th. Zacks Investment Research lowered shares of The Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, Deutsche Bank AG increased their target price on shares of The Home Depot from $143.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The Home Depot presently has a consensus rating of “Buy” and an average price target of $146.86.
In related news, EVP Timothy M. Crow sold 49,392 shares of the stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $135.06, for a total value of $6,670,883.52. Following the transaction, the executive vice president now owns 224,905 shares in the company, valued at approximately $30,375,669.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Carol B. Tome sold 97,610 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $135.35, for a total transaction of $13,211,513.50. Following the completion of the transaction, the chief financial officer now owns 644,831 shares in the company, valued at approximately $87,277,875.85. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.
The Home Depot 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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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