Greenwich Wealth Management LLC Buys New Position in Home Depot Inc (HD)

Greenwich Wealth Management LLC bought a new stake in Home Depot Inc (NYSE:HD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,067 shares of the home improvement retailer’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beck Mack & Oliver LLC increased its position in Home Depot by 4.3% during the 2nd quarter. Beck Mack & Oliver LLC now owns 23,233 shares of the home improvement retailer’s stock valued at $4,533,000 after buying an additional 955 shares in the last quarter. Advisor Partners LLC increased its position in Home Depot by 5.6% during the 2nd quarter. Advisor Partners LLC now owns 33,365 shares of the home improvement retailer’s stock valued at $6,510,000 after buying an additional 1,766 shares in the last quarter. Wells Trecaso Financial Group LLC bought a new position in Home Depot during the 2nd quarter valued at approximately $208,000. Strategic Financial Group LLC increased its position in Home Depot by 14.3% during the 2nd quarter. Strategic Financial Group LLC now owns 2,529 shares of the home improvement retailer’s stock valued at $493,000 after buying an additional 317 shares in the last quarter. Finally, Conning Inc. increased its position in Home Depot by 2.1% during the 2nd quarter. Conning Inc. now owns 211,278 shares of the home improvement retailer’s stock valued at $41,220,000 after buying an additional 4,265 shares in the last quarter. Institutional investors own 69.03% of the company’s stock.

HD has been the subject of a number of analyst reports. UBS Group raised their price objective on Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, June 20th. ValuEngine raised Home Depot from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Loop Capital set a $200.00 price objective on Home Depot and gave the company a “hold” rating in a research report on Wednesday, July 11th. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price objective for the company in a research report on Tuesday, July 17th. Finally, Citigroup raised their price objective on Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, August 10th. Seven investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Home Depot currently has an average rating of “Buy” and a consensus target price of $204.96.

In other news, EVP William G. Lennie sold 10,854 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total value of $2,188,600.56. Following the transaction, the executive vice president now directly owns 40,057 shares in the company, valued at approximately $8,077,093.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Matt Carey sold 4,125 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total value 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 disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

Home Depot stock opened at $209.07 on Friday. The firm has a market capitalization of $242.53 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 1.67 and a beta of 1.10. Home Depot Inc has a 12 month low of $157.16 and a 12 month high of $215.43. The company has a debt-to-equity ratio of 11.60, a current ratio of 1.13 and a quick ratio of 0.37.

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

The company also recently declared 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 1.97%. Home Depot’s dividend payout ratio (DPR) is currently 55.23%.

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.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

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

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