Greenwich Wealth Management LLC Buys New Stake in Home Depot Inc (HD)

Greenwich Wealth Management LLC bought a new stake in shares of Home Depot Inc (NYSE:HD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,067 shares of the home improvement retailer’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nadler Financial Group Inc. lifted its position in shares of Home Depot by 11.6% in the second quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock valued at $496,000 after acquiring an additional 264 shares in the last quarter. First Mercantile Trust Co. increased its holdings in shares of Home Depot by 4.6% in the first quarter. First Mercantile Trust Co. now owns 6,216 shares of the home improvement retailer’s stock worth $1,108,000 after purchasing an additional 274 shares during the last quarter. Concentric Wealth Management LLC increased its holdings in shares of Home Depot by 4.3% in the first quarter. Concentric Wealth Management LLC now owns 6,667 shares of the home improvement retailer’s stock worth $1,188,000 after purchasing an additional 275 shares during the last quarter. Burns J W & Co. Inc. NY increased its holdings in shares of Home Depot by 1.4% in the second quarter. Burns J W & Co. Inc. NY now owns 20,081 shares of the home improvement retailer’s stock worth $3,918,000 after purchasing an additional 275 shares during the last quarter. Finally, Lodestar Investment Counsel LLC IL increased its holdings in shares of Home Depot by 3.2% in the second quarter. Lodestar Investment Counsel LLC IL now owns 9,013 shares of the home improvement retailer’s stock worth $1,758,000 after purchasing an additional 280 shares during the last quarter. Institutional investors own 69.03% of the company’s stock.

HD has been the topic of several research reports. Citigroup lifted their target price on Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, August 10th. Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. UBS Group lifted their target price on Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, June 20th. Loop Capital set a $200.00 target price on Home Depot and gave the stock a “hold” rating in a report on Wednesday, July 11th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $203.00 target price on shares of Home Depot in a report on Thursday, August 16th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $204.96.

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

Shares of NYSE HD opened at $209.07 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60. Home Depot Inc has a 1-year low of $157.16 and a 1-year high of $215.43. The company has a market cap of $242.53 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 1.67 and a beta of 1.10.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.21. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The company had revenue of $30.46 billion for the quarter, compared to analysts’ expectations of $30.04 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. analysts predict that Home Depot Inc will post 9.58 EPS for the current fiscal 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 annualized dividend and a yield of 1.97%. Home Depot’s payout ratio is currently 55.23%.

About Home Depot

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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