The Home Depot Inc. (HD) Stake Reduced by Trillium Asset Management LLC
Trillium Asset Management LLC cut its position in shares of The Home Depot Inc. (NYSE:HD) by 5.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,195 shares of the home improvement retailer’s stock after selling 7,217 shares during the period. The Home Depot comprises 1.0% of Trillium Asset Management LLC’s holdings, making the stock its 27th largest position. Trillium Asset Management LLC’s holdings in The Home Depot were worth $15,724,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of HD. Capital World Investors increased its stake in The Home Depot by 0.4% in the second quarter. Capital World Investors now owns 86,279,401 shares of the home improvement retailer’s stock worth $11,017,017,000 after buying an additional 332,206 shares in the last quarter. FMR LLC increased its stake in The Home Depot by 2.3% in the second quarter. FMR LLC now owns 41,090,288 shares of the home improvement retailer’s stock worth $5,246,819,000 after buying an additional 931,070 shares in the last quarter. Cohen & Steers Inc. increased its stake in The Home Depot by 37,680.1% in the second quarter. Cohen & Steers Inc. now owns 35,400,000 shares of the home improvement retailer’s stock worth $32,480,000 after buying an additional 35,306,300 shares in the last quarter. Ameriprise Financial Inc. increased its stake in The Home Depot by 2.9% in the second quarter. Ameriprise Financial Inc. now owns 8,571,292 shares of the home improvement retailer’s stock worth $1,094,130,000 after buying an additional 242,842 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in The Home Depot by 0.4% in the third quarter. Fisher Asset Management LLC now owns 8,480,515 shares of the home improvement retailer’s stock worth $1,091,273,000 after buying an additional 37,104 shares in the last quarter. Institutional investors own 69.36% of the company’s stock.
Shares of The Home Depot Inc. (NYSE:HD) traded up 0.19% on Wednesday, hitting $129.86. The stock had a trading volume of 1,826,755 shares. The firm has a 50-day moving average of $125.86 and a 200 day moving average of $130.38. The Home Depot Inc. has a 1-year low of $109.62 and a 1-year high of $139.00. The company has a market capitalization of $158.19 billion, a PE ratio of 21.08 and a beta of 1.05.
The Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.02. The company had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.05 billion. The Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The Home Depot’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 EPS. On average, equities analysts anticipate that The Home Depot Inc. will post $6.34 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.13%. The ex-dividend date is Tuesday, November 29th. The Home Depot’s payout ratio is 44.66%.
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A number of analysts recently issued reports on HD shares. Vetr downgraded The Home Depot from a “buy” rating to a “hold” rating and set a $129.26 target price on the stock. in a research report on Wednesday, November 9th. RBC Capital Markets reissued an “outperform” rating and set a $155.00 price target (up previously from $150.00) on shares of The Home Depot in a research report on Wednesday, August 17th. Zacks Investment Research raised The Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Citigroup Inc. boosted their price target on The Home Depot from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Finally, Macquarie reissued a “buy” rating on shares of The Home Depot in a research report on Tuesday, November 1st. Eight analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $145.24.
In other The Home Depot news, Director Jeffery H. Boyd acquired 10,000 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was acquired at an average cost of $128.27 per share, for a total transaction of $1,282,700.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $1,282,700. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Holifield sold 15,606 shares of The Home Depot stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $128.39, for a total transaction of $2,003,654.34. Following the sale, the executive vice president now owns 39,499 shares of the company’s stock, valued at $5,071,276.61. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.
About The Home Depot
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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