Capital Counsel LLC NY Has $109.07 Million Stock Position in The Home Depot, Inc. (NYSE:HD)

Capital Counsel LLC NY boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 342,017 shares of the home improvement retailer’s stock after buying an additional 1,065 shares during the period. The Home Depot makes up approximately 5.5% of Capital Counsel LLC NY’s investment portfolio, making the stock its 9th biggest position. Capital Counsel LLC NY’s holdings in The Home Depot were worth $109,066,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in The Home Depot by 2.1% during the first quarter. Geode Capital Management LLC now owns 16,836,576 shares of the home improvement retailer’s stock valued at $5,125,258,000 after buying an additional 349,484 shares during the period. Bank of New York Mellon Corp boosted its stake in The Home Depot by 11.7% during the first quarter. Bank of New York Mellon Corp now owns 12,190,230 shares of the home improvement retailer’s stock valued at $3,721,069,000 after buying an additional 1,272,539 shares during the period. Morgan Stanley boosted its stake in The Home Depot by 2.9% during the first quarter. Morgan Stanley now owns 11,343,414 shares of the home improvement retailer’s stock valued at $3,462,577,000 after buying an additional 314,841 shares during the period. Alliancebernstein L.P. boosted its stake in The Home Depot by 5.5% during the second quarter. Alliancebernstein L.P. now owns 9,931,114 shares of the home improvement retailer’s stock valued at $3,166,933,000 after buying an additional 520,162 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in The Home Depot by 3.7% during the second quarter. Fisher Asset Management LLC now owns 7,293,597 shares of the home improvement retailer’s stock valued at $2,325,855,000 after buying an additional 260,413 shares during the period. 68.97% of the stock is owned by institutional investors.

NYSE:HD traded up $3.35 during mid-day trading on Monday, reaching $340.84. 116,793 shares of the company’s stock traded hands, compared to its average volume of 3,944,844. The Home Depot, Inc. has a 12-month low of $246.59 and a 12-month high of $345.69. The firm has a market capitalization of $359.71 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.00 and a beta of 1.02. The company has a debt-to-equity ratio of 16.31, a current ratio of 1.06 and a quick ratio of 0.35. The company has a 50 day moving average price of $329.48 and a 200-day moving average price of $319.23.

The Home Depot (NYSE:HD) last announced its quarterly earnings results on Monday, August 16th. The home improvement retailer reported $4.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.10. The Home Depot had a return on equity of 709.19% and a net margin of 10.55%. The company had revenue of $41.12 billion for the quarter, compared to the consensus estimate of $40.74 billion. During the same quarter in the previous year, the business earned $4.02 EPS. The Home Depot’s revenue was up 8.1% compared to the same quarter last year. As a group, analysts forecast that The Home Depot, Inc. will post 14.45 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 16th. Investors of record on Thursday, September 2nd were issued 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 1.94%. The Home Depot’s dividend payout ratio is presently 54.86%.

In other The Home Depot news, CEO Craig A. Menear sold 68,468 shares of The Home Depot stock in a transaction that occurred on Friday, August 20th. The stock was sold at an average price of $325.46, for a total transaction of $22,283,595.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $6,494,124. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,622 shares of company stock worth $24,302,611. Insiders own 0.18% of the company’s stock.

A number of research firms have weighed in on HD. DA Davidson restated a “neutral” rating on shares of The Home Depot in a research report on Wednesday, August 18th. Zacks Investment Research downgraded The Home Depot from a “strong-buy” rating to a “hold” rating and set a $338.00 price target on the stock. in a research report on Tuesday, July 20th. OTR Global downgraded The Home Depot to a “positive” rating in a research report on Tuesday, August 10th. Jefferies Financial Group lowered their price target 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. Finally, Raymond James raised their price target 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. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $341.25.

The Home Depot 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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Institutional Ownership by Quarter for The Home Depot (NYSE:HD)

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