Home Depot Inc (HD) Shares Bought by Conning Inc.

Conning Inc. increased its position in Home Depot Inc (NYSE:HD) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,278 shares of the home improvement retailer’s stock after buying an additional 4,265 shares during the period. Home Depot comprises 1.3% of Conning Inc.’s portfolio, making the stock its 29th largest holding. Conning Inc.’s holdings in Home Depot were worth $41,220,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position 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 during the last quarter. Geode Capital Management LLC increased its position in Home Depot by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 11,675,138 shares of the home improvement retailer’s stock worth $2,207,871,000 after purchasing an additional 259,863 shares during the last quarter. Clearbridge Investments LLC increased its position 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 during the last quarter. Schwab Charles Investment Management Inc. increased its position 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 during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its position in Home Depot by 17.9% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 5,919,857 shares of the home improvement retailer’s stock worth $1,121,990,000 after purchasing an additional 899,399 shares during the last quarter. 69.01% of the stock is owned by institutional investors and hedge funds.

HD has been the subject of several research analyst reports. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price target for the company in a research report on Tuesday, July 17th. Wells Fargo & Co reaffirmed a “buy” rating and set a $230.00 price target on shares of Home Depot in a research report on Sunday, September 16th. Citigroup boosted their price objective on shares of Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, August 10th. Jefferies Financial Group began coverage on shares of Home Depot in a research note on Tuesday, August 21st. They set a “buy” rating and a $228.00 price objective for the company. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $203.00 price objective on shares of Home Depot in a research note on Thursday, August 16th. Six analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $206.80.

In other Home Depot news, EVP William G. Lennie sold 10,854 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the sale, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matt Carey sold 4,125 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total transaction of $806,148.75. Following the sale, the executive vice president now directly owns 60,179 shares in the company, valued at $11,760,781.97. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Shares of HD stock opened at $198.41 on Tuesday. The firm has a market capitalization of $237.01 billion, a PE ratio of 26.35, a PEG ratio of 1.63 and a beta of 1.11. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 11.60. Home Depot Inc has a twelve month low of $160.53 and a twelve month high of $215.43.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.21. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The business had revenue of $30.46 billion during the quarter, compared to the consensus estimate of $30.04 billion. During the same period in the prior year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, research analysts predict that Home Depot Inc will post 9.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Wednesday, August 29th. This represents a $4.12 dividend on an annualized basis and a yield of 2.08%. Home Depot’s dividend payout ratio (DPR) is 55.23%.

Home Depot Profile

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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