Osborne Partners Capital Management LLC Buys 122 Shares of Home Depot Inc (HD)

Osborne Partners Capital Management LLC increased its holdings in Home Depot Inc (NYSE:HD) by 0.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,877 shares of the home improvement retailer’s stock after acquiring an additional 122 shares during the quarter. Home Depot comprises about 1.2% of Osborne Partners Capital Management LLC’s investment portfolio, making the stock its 25th biggest holding. Osborne Partners Capital Management LLC’s holdings in Home Depot were worth $7,883,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Home Depot by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 82,981,380 shares of the home improvement retailer’s stock valued at $17,189,593,000 after purchasing an additional 278,763 shares during the last quarter. Vanguard Group Inc grew its position in Home Depot by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 82,981,380 shares of the home improvement retailer’s stock valued at $17,189,593,000 after purchasing an additional 278,763 shares during the last quarter. FMR LLC grew its position in Home Depot by 2.8% during the 3rd quarter. FMR LLC now owns 29,811,794 shares of the home improvement retailer’s stock valued at $6,175,512,000 after purchasing an additional 813,882 shares during the last quarter. Alliancebernstein L.P. grew its position in Home Depot by 4.3% during the 3rd quarter. Alliancebernstein L.P. now owns 9,871,732 shares of the home improvement retailer’s stock valued at $2,044,929,000 after purchasing an additional 407,767 shares during the last quarter. Finally, Capital International Investors grew its position in Home Depot by 129.2% during the 3rd quarter. Capital International Investors now owns 7,080,765 shares of the home improvement retailer’s stock valued at $1,466,780,000 after purchasing an additional 3,991,462 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Several analysts recently commented on HD shares. Citigroup cut their price objective on shares of Home Depot from $224.00 to $218.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. DZ Bank downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Edward Jones raised shares of Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Robert W. Baird reaffirmed a “positive” rating on shares of Home Depot in a report on Thursday, April 25th. Finally, Zacks Investment Research cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $204.71.

In other news, EVP Edward P. Decker sold 23,744 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $182.93, for a total transaction of $4,343,489.92. Following the completion of the sale, the executive vice president now directly owns 86,813 shares of the company’s stock, valued at $15,880,702.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 5,450 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total transaction of $1,006,451.50. Following the sale, the executive vice president now directly owns 51,030 shares of the company’s stock, valued at $9,423,710.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,194 shares of company stock valued at $7,553,141. 0.27% of the stock is currently owned by insiders.

Shares of Home Depot stock remained flat at $$194.58 on Friday. 3,845,908 shares of the stock traded hands, compared to its average volume of 3,163,784. The company has a market capitalization of $214.80 billion, a PE ratio of 19.67, a P/E/G ratio of 1.69 and a beta of 1.09. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.11. Home Depot Inc has a 52-week low of $158.09 and a 52-week high of $215.43.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.09. Home Depot had a net margin of 10.28% and a return on equity of 1,441.05%. The firm had revenue of $26.49 billion for the quarter, compared to analysts’ expectations of $26.57 billion. During the same quarter last year, the business posted $1.69 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Sell-side analysts expect that Home Depot Inc will post 10.09 earnings per share for the current fiscal year.

Home Depot announced that its Board of Directors has initiated a share buyback plan on Tuesday, February 26th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to purchase up to 6.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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Home Depot Company 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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