PGGM Investments Purchases Shares of 192,679 Home Depot, Inc. (The) (HD)

PGGM Investments purchased a new stake in Home Depot, Inc. (The) (NYSE:HD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 192,679 shares of the home improvement retailer’s stock, valued at approximately $29,557,000.

A number of other large investors also recently made changes to their positions in the business. State Street Corp lifted its holdings in Home Depot, Inc. (The) by 0.7% in the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock valued at $8,185,463,000 after acquiring an additional 396,271 shares during the period. Fisher Asset Management LLC lifted its holdings in Home Depot, Inc. (The) by 1.3% in the first quarter. Fisher Asset Management LLC now owns 8,649,798 shares of the home improvement retailer’s stock valued at $1,270,050,000 after acquiring an additional 108,242 shares during the period. Clearbridge Investments LLC lifted its holdings in Home Depot, Inc. (The) by 1.8% in the first quarter. Clearbridge Investments LLC now owns 7,890,301 shares of the home improvement retailer’s stock valued at $1,158,533,000 after acquiring an additional 140,221 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Home Depot, Inc. (The) by 43.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock valued at $841,602,000 after acquiring an additional 1,734,963 shares during the period. Finally, Jennison Associates LLC lifted its holdings in Home Depot, Inc. (The) by 11.7% in the first quarter. Jennison Associates LLC now owns 5,304,624 shares of the home improvement retailer’s stock valued at $778,878,000 after acquiring an additional 556,596 shares during the period. 71.45% of the stock is owned by institutional investors.

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In other Home Depot, Inc. (The) news, EVP Teresa Wynn Roseborough sold 15,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the completion of the transaction, the executive vice president now owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the transaction, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. Insiders have sold 57,717 shares of company stock valued at $8,916,321 in the last three months. 0.26% of the stock is currently owned by company insiders.

A number of research analysts have issued reports on HD shares. Vetr downgraded Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price target for the company. in a report on Monday, June 19th. Barclays PLC reissued an “overweight” rating and issued a $165.00 price target (up from $150.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $176.00 price target on shares of Home Depot, Inc. (The) in a report on Friday, June 16th. Citigroup Inc. reissued a “buy” rating and issued a $179.00 price target (up from $168.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Finally, Robert W. Baird set a $175.00 price objective on Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $169.40.

Shares of Home Depot, Inc. (NYSE:HD) traded up 1.10% during mid-day trading on Friday, reaching $159.66. The company’s stock had a trading volume of 10,088,630 shares. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The firm has a market capitalization of $188.21 billion, a P/E ratio of 22.98 and a beta of 1.07. The company’s 50-day moving average is $150.97 and its 200 day moving average is $151.33.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.04. The company had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. Home Depot, Inc. (The)’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.97 earnings per share. On average, analysts expect that Home Depot, Inc. will post $7.32 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, August 29th. Home Depot, Inc. (The)’s payout ratio is 51.15%.

Home Depot, Inc. (The) Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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

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