Coho Partners Ltd. cut its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,465 shares of the home improvement retailer’s stock after selling 84 shares during the quarter. Coho Partners Ltd.’s holdings in Home Depot, Inc. (The) were worth $378,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Home Depot, Inc. (The) by 0.7% in the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock valued at $8,185,463,000 after buying an additional 396,271 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Home Depot, Inc. (The) by 1.8% in the first quarter. Clearbridge Investments LLC now owns 7,890,301 shares of the home improvement retailer’s stock valued at $1,158,533,000 after buying an additional 140,221 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Home Depot, Inc. (The) by 14.4% in the second quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock valued at $930,903,000 after buying an additional 761,586 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Home Depot, Inc. (The) by 4.4% in the second quarter. Legal & General Group Plc now owns 5,897,791 shares of the home improvement retailer’s stock valued at $904,709,000 after buying an additional 247,475 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Home Depot, Inc. (The) by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,839,272 shares of the home improvement retailer’s stock valued at $895,745,000 after buying an additional 107,466 shares in the last quarter. Institutional investors own 71.14% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research note on Thursday, August 24th. Robert W. Baird set a $175.00 target price on Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Friday, October 13th. Bank of America Corporation increased their target price on Home Depot, Inc. (The) from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Longbow Research reiterated a “buy” rating and issued a $175.00 target price on shares of Home Depot, Inc. (The) in a research note on Monday, August 14th. Finally, BidaskClub downgraded Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $175.66.

In related news, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the sale, the executive vice president now directly owns 62,483 shares in the company, valued at approximately $9,816,079.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by company insiders.

COPYRIGHT VIOLATION WARNING: This article was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/11/23/home-depot-inc-the-hd-shares-sold-by-coho-partners-ltd.html.

Shares of Home Depot, Inc. (HD) opened at $172.06 on Thursday. The stock has a market capitalization of $201,857.09, a P/E ratio of 24.01, a P/E/G ratio of 1.75 and a beta of 1.08. Home Depot, Inc. has a 1-year low of $128.68 and a 1-year high of $172.94. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39.

Home Depot, Inc. (The) (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating the consensus estimate of $1.81 by $0.03. Home Depot, Inc. (The) had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same period last year, the firm earned $1.60 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. analysts forecast that Home Depot, Inc. will post 7.37 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, November 29th. Home Depot, Inc. (The)’s dividend payout ratio is currently 49.44%.

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)

Receive News & Stock Ratings for Home Depot Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot Inc. (The) and related stocks with our FREE daily email newsletter.