Putnam Investments LLC Has $631.25 Million Position in Home Depot Inc (HD)

Putnam Investments LLC increased its holdings in Home Depot Inc (NYSE:HD) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,235,503 shares of the home improvement retailer’s stock after acquiring an additional 136,740 shares during the quarter. Home Depot comprises about 1.4% of Putnam Investments LLC’s investment portfolio, making the stock its 10th biggest holding. Putnam Investments LLC owned about 0.28% of Home Depot worth $631,247,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HD. Institutional & Family Asset Management LLC purchased a new stake in Home Depot during the 1st quarter valued at about $108,000. CSat Investment Advisory L.P. purchased a new stake in Home Depot during the 2nd quarter valued at about $112,000. RPg Family Wealth Advisory LLC grew its position in Home Depot by 84.6% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock valued at $117,000 after purchasing an additional 275 shares during the last quarter. Fort L.P. purchased a new stake in Home Depot during the 2nd quarter valued at about $120,000. Finally, Advisors Preferred LLC grew its position in Home Depot by 819.7% during the 2nd quarter. Advisors Preferred LLC now owns 653 shares of the home improvement retailer’s stock valued at $127,000 after purchasing an additional 582 shares during the last quarter. Institutional investors own 69.52% of the company’s stock.

HD opened at $169.30 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68. The company has a market capitalization of $191.23 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. Home Depot Inc has a 12-month low of $167.00 and a 12-month high of $215.43.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.24. The company had revenue of $26.30 billion for the quarter, compared to the consensus estimate of $26.23 billion. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.84 earnings per share. On average, equities research analysts predict that Home Depot Inc will post 9.79 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 29th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Wednesday, November 28th. Home Depot’s payout ratio is 55.23%.

HD has been the topic of several recent analyst reports. Wells Fargo & Co reissued a “buy” rating and set a $230.00 price objective on shares of Home Depot in a research 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 price target on the stock in a report on Friday, October 5th. Morgan Stanley raised their price target on shares of Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, October 11th. Credit Suisse Group reaffirmed a “neutral” rating and set a $204.00 price target (down previously from $222.00) on shares of Home Depot in a report on Wednesday, October 17th. Finally, ValuEngine downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $204.16.

In other Home Depot news, Director Manuel Kadre acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The shares were bought at an average price of $177.48 per share, with a total value of $354,960.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $354,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wayne M. Hewett acquired 250 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The stock was acquired at an average cost of $169.62 per share, for a total transaction of $42,405.00. Following the acquisition, the director now owns 3,000 shares of the company’s stock, valued at approximately $508,860. The disclosure for this purchase can be found here. In the last three months, insiders purchased 13,750 shares of company stock worth $2,401,470. 0.25% of the stock is currently owned by insiders.

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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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