Mogy Joel R Investment Counsel Inc. Has $21.72 Million Stake in Home Depot Inc (HD)

Mogy Joel R Investment Counsel Inc. lifted its position in Home Depot Inc (NYSE:HD) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 111,348 shares of the home improvement retailer’s stock after buying an additional 748 shares during the period. Home Depot comprises 3.2% of Mogy Joel R Investment Counsel Inc.’s portfolio, making the stock its 11th largest holding. Mogy Joel R Investment Counsel Inc.’s holdings in Home Depot were worth $21,724,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HD. Fiera Capital Corp raised its holdings in shares of Home Depot by 83.7% during the second quarter. Fiera Capital Corp now owns 6,860 shares of the home improvement retailer’s stock valued at $1,338,000 after purchasing an additional 3,125 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Home Depot by 4.2% during the second quarter. Amalgamated Bank now owns 180,040 shares of the home improvement retailer’s stock valued at $35,126,000 after purchasing an additional 7,323 shares during the last quarter. Dupont Capital Management Corp raised its holdings in shares of Home Depot by 3.3% during the second quarter. Dupont Capital Management Corp now owns 190,998 shares of the home improvement retailer’s stock valued at $37,264,000 after purchasing an additional 6,025 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of 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 valued at $1,143,434,000 after purchasing an additional 230,769 shares during the last quarter. Finally, Heritage Investors Management Corp raised its holdings in shares of Home Depot by 0.3% during the second quarter. Heritage Investors Management Corp now owns 144,425 shares of the home improvement retailer’s stock valued at $28,177,000 after purchasing an additional 395 shares during the last quarter. Hedge funds and other institutional investors own 69.01% of the company’s stock.

Shares of NYSE HD opened at $192.47 on Friday. The company has a debt-to-equity ratio of 11.60, a current ratio of 1.13 and a quick ratio of 0.37. The firm has a market capitalization of $237.01 billion, a PE ratio of 25.80, a PEG ratio of 1.63 and a beta of 1.11. Home Depot Inc has a 1 year low of $160.53 and a 1 year high of $215.43.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th were paid a $1.03 dividend. The ex-dividend date was Wednesday, August 29th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.14%. Home Depot’s dividend payout ratio (DPR) is presently 55.23%.

In related news, EVP Matt Carey sold 4,125 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total transaction of $806,148.75. Following the completion of the transaction, the executive vice president now owns 60,179 shares in the company, valued at $11,760,781.97. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William G. Lennie sold 10,854 shares of the company’s stock in a transaction 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 approximately $8,077,093.48. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Several research analysts have recently weighed in on HD shares. Wells Fargo & Co reissued a “buy” rating and set a $230.00 price objective on shares of Home Depot in a report on Sunday, September 16th. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a report on Friday, October 5th. UBS Group upped their target price on shares of Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, June 20th. Citigroup upped their target price on shares of Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a report on Friday, August 10th. Finally, Morgan Stanley upped their target price on shares of Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $207.40.

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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