Mackay Shields LLC decreased its position in The Home Depot, Inc. (NYSE:HD) by 21.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 167,588 shares of the home improvement retailer’s stock after selling 46,506 shares during the period. Mackay Shields LLC’s holdings in The Home Depot were worth $53,442,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the business. Baldwin Brothers Inc. MA increased its stake in The Home Depot by 1.6% during the 2nd quarter. Baldwin Brothers Inc. MA now owns 1,923 shares of the home improvement retailer’s stock valued at $613,000 after buying an additional 31 shares during the period. Family Firm Inc. increased its position in The Home Depot by 2.4% during the second quarter. Family Firm Inc. now owns 1,374 shares of the home improvement retailer’s stock worth $438,000 after acquiring an additional 32 shares during the period. Financial Consulate Inc. increased its holdings in The Home Depot by 1.9% in the 2nd quarter. Financial Consulate Inc. now owns 1,756 shares of the home improvement retailer’s stock valued at $560,000 after buying an additional 32 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its stake in shares of The Home Depot by 0.5% in the 2nd quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 6,982 shares of the home improvement retailer’s stock valued at $2,245,000 after purchasing an additional 32 shares in the last quarter. Finally, McIlrath & Eck LLC lifted its position in The Home Depot by 2.1% during the 2nd quarter. McIlrath & Eck LLC now owns 1,579 shares of the home improvement retailer’s stock worth $503,000 after buying an additional 33 shares in the last quarter. Institutional investors own 68.97% of the company’s stock.
In other news, EVP Teresa Wynn Roseborough sold 5,000 shares of the company’s stock in a transaction dated Monday, August 23rd. The stock was sold at an average price of $328.65, for a total value of $1,643,250.00. Following the completion of the sale, the executive vice president now directly owns 19,760 shares of the company’s stock, valued at approximately $6,494,124. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Craig A. Menear sold 68,468 shares of the company’s stock in a transaction dated Friday, August 20th. The shares were sold at an average price of $325.46, for a total value of $22,283,595.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,622 shares of company stock worth $24,302,611. Corporate insiders own 0.18% of the company’s stock.
The Home Depot (NYSE:HD) last issued its quarterly earnings results on Monday, August 16th. The home improvement retailer reported $4.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.43 by $0.10. The business had revenue of $41.12 billion for the quarter, compared to the consensus estimate of $40.74 billion. The Home Depot had a net margin of 10.55% and a return on equity of 709.19%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.02 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 14.45 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 16th. Shareholders of record on Thursday, September 2nd were given a dividend of $1.65 per share. The ex-dividend date of this dividend was Wednesday, September 1st. This represents a $6.60 dividend on an annualized basis and a yield of 1.92%. The Home Depot’s payout ratio is presently 54.86%.
HD has been the subject of several research reports. Zacks Investment Research downgraded The Home Depot from a “strong-buy” rating to a “hold” rating and set a $338.00 price target for the company. in a report on Tuesday, July 20th. Jefferies Financial Group reduced their price objective on The Home Depot from $380.00 to $369.00 and set a “buy” rating on the stock in a research report on Wednesday, August 18th. Wells Fargo & Company raised their target price on The Home Depot from $360.00 to $365.00 and gave the company an “overweight” rating in a research note on Thursday, September 30th. OTR Global downgraded The Home Depot to a “positive” rating in a research note on Tuesday, August 10th. Finally, Raymond James boosted their price objective on The Home Depot from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, August 16th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $342.50.
The Home Depot Company Profile
The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.
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