Hemenway Trust Co LLC raised its stake in Home Depot, Inc. (The) (NYSE:HD) by 6.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,688 shares of the home improvement retailer’s stock after buying an additional 3,769 shares during the period. Home Depot, Inc. (The) comprises about 2.0% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 19th largest position. Hemenway Trust Co LLC’s holdings in Home Depot, Inc. (The) were worth $9,003,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. CT Financial Advisors LLC boosted its position in Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in Home Depot, Inc. (The) by 0.4% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock valued at $241,000 after buying an additional 6 shares during the last quarter. Mascoma Wealth Management LLC boosted its position in Home Depot, Inc. (The) by 0.6% in the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after buying an additional 7 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. boosted its position in Home Depot, Inc. (The) by 0.3% in the first quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock valued at $400,000 after buying an additional 9 shares during the last quarter. Finally, Piershale Financial Group Inc. boosted its position in Home Depot, Inc. (The) by 0.6% in the first quarter. Piershale Financial Group Inc. now owns 2,192 shares of the home improvement retailer’s stock valued at $322,000 after buying an additional 13 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Home Depot, Inc. (NYSE HD) traded up 0.31% on Thursday, reaching $150.46. The company’s stock had a trading volume of 1,809,193 shares. Home Depot, Inc. has a one year low of $119.20 and a one year high of $160.86. The company has a market capitalization of $177.36 billion, a PE ratio of 21.66 and a beta of 1.08. The firm has a 50-day moving average of $150.67 and a 200-day moving average of $150.48. Home Depot, Inc. (The) also was the target of some unusual options trading on Monday. Investors purchased 24,916 call options on the stock. This represents an increase of approximately 105% compared to the average daily volume of 12,141 call options.

Home Depot, Inc. (The) (NYSE:HD) last announced its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The business had revenue of $28.11 billion during the quarter, compared to analyst estimates of $27.84 billion. During the same quarter in the previous year, the business earned $1.97 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts predict that Home Depot, Inc. will post $7.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.56 annualized dividend and a dividend yield of 2.37%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 51.15%.

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Several equities analysts recently commented on the company. Oppenheimer Holdings, Inc. set a $178.00 target price on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research report on Tuesday, May 16th. UBS AG reiterated a “buy” rating and issued a $175.00 price objective (up from $173.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Atlantic Securities cut Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 price objective for the company. in a report on Thursday, May 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $178.00 price objective (up from $165.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $152.00 price objective on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $169.82.

In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 10,717 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the completion of the transaction, the executive vice president now owns 64,810 shares in the company, valued at $9,877,044. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the business’s stock in a transaction that occurred 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 owns 33,147 shares of the company’s stock, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

About Home Depot, Inc. (The)

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.

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

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