Diamant Asset Management Inc. Acquires 750 Shares of Home Depot Inc (HD)

Diamant Asset Management Inc. increased its holdings in shares of Home Depot Inc (NYSE:HD) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,365 shares of the home improvement retailer’s stock after acquiring an additional 750 shares during the quarter. Home Depot comprises about 2.3% of Diamant Asset Management Inc.’s investment portfolio, making the stock its 11th largest holding. Diamant Asset Management Inc.’s holdings in Home Depot were worth $2,382,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in Home Depot by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 11,675,138 shares of the home improvement retailer’s stock worth $2,207,871,000 after buying an additional 259,863 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Home Depot by 65.4% in the 4th quarter. Jennison Associates LLC now owns 8,227,834 shares of the home improvement retailer’s stock valued at $1,559,421,000 after purchasing an additional 3,254,382 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Home Depot by 1.4% in the 4th quarter. Clearbridge Investments LLC now owns 8,180,356 shares of the home improvement retailer’s stock valued at $1,550,423,000 after purchasing an additional 115,794 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Home Depot by 1.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 6,184,365 shares of the home improvement retailer’s stock valued at $1,172,123,000 after purchasing an additional 95,146 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in shares of Home Depot by 17.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,919,857 shares of the home improvement retailer’s stock valued at $1,121,990,000 after purchasing an additional 899,399 shares in the last quarter. 69.16% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Mark Holifield sold 45,549 shares of Home Depot stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $186.84, for a total value of $8,510,375.16. Following the completion of the sale, the executive vice president now owns 51,879 shares of the company’s stock, valued at approximately $9,693,072.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephanie Linnartz purchased 1,000 shares of Home Depot stock in a transaction that occurred on Friday, June 1st. The stock was acquired at an average cost of $187.57 per share, with a total value of $187,570.00. The disclosure for this purchase can be found here. Company insiders own 0.25% of the company’s stock.

NYSE:HD opened at $194.41 on Friday. The firm has a market capitalization of $223.35 billion, a PE ratio of 26.06, a P/E/G ratio of 1.45 and a beta of 1.12. The company has a debt-to-equity ratio of 14.37, a current ratio of 1.17 and a quick ratio of 0.37. Home Depot Inc has a twelve month low of $144.25 and a twelve month high of $207.60.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.03. Home Depot had a net margin of 8.85% and a return on equity of 399.15%. The company had revenue of $24.95 billion during the quarter, compared to analyst estimates of $25.17 billion. During the same quarter in the previous year, the business posted $1.67 EPS. Home Depot’s revenue for the quarter was up 4.4% compared to the same quarter last year. analysts forecast that Home Depot Inc will post 9.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 14th. Investors of record on Thursday, May 31st were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Wednesday, May 30th. Home Depot’s payout ratio is currently 55.23%.

A number of equities research analysts have recently weighed in on HD shares. Wells Fargo & Co set a $205.00 price target on shares of Home Depot and gave the company a “buy” rating in a research note on Tuesday, May 15th. Loop Capital set a $187.00 price objective on shares of Home Depot and gave the company a “hold” rating in a report on Tuesday, May 15th. Morgan Stanley set a $210.00 price objective on shares of Home Depot and gave the company a “buy” rating in a report on Wednesday, March 21st. Credit Suisse Group set a $222.00 price objective on shares of Home Depot and gave the company a “buy” rating in a report on Monday, May 14th. Finally, Bank of America reiterated a “buy” rating and issued a $215.00 price objective on shares of Home Depot in a report on Tuesday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $197.25.

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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