Northwestern Mutual Wealth Management Co. Has $32.86 Million Holdings in Home Depot Inc (HD)

Northwestern Mutual Wealth Management Co. raised its holdings in Home Depot Inc (NYSE:HD) by 75.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 168,428 shares of the home improvement retailer’s stock after buying an additional 72,464 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Home Depot were worth $32,861,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of HD. Fiera Capital Corp increased its position in shares of Home Depot by 83.7% during the second quarter. Fiera Capital Corp now owns 6,860 shares of the home improvement retailer’s stock worth $1,338,000 after purchasing an additional 3,125 shares in the last quarter. Amalgamated Bank increased its position in shares of Home Depot by 4.2% during the second quarter. Amalgamated Bank now owns 180,040 shares of the home improvement retailer’s stock worth $35,126,000 after purchasing an additional 7,323 shares in the last quarter. Dupont Capital Management Corp increased its position in shares of Home Depot by 3.3% during the second quarter. Dupont Capital Management Corp now owns 190,998 shares of the home improvement retailer’s stock worth $37,264,000 after purchasing an additional 6,025 shares in the last quarter. Parsons Capital Management Inc. RI increased its position in shares of Home Depot by 1.9% during the second quarter. Parsons Capital Management Inc. RI now owns 49,045 shares of the home improvement retailer’s stock worth $9,569,000 after purchasing an additional 938 shares in the last quarter. Finally, Heritage Investors Management Corp increased its position in shares of Home Depot by 0.3% during the second quarter. Heritage Investors Management Corp now owns 144,425 shares of the home improvement retailer’s stock worth $28,177,000 after purchasing an additional 395 shares in the last quarter. Institutional investors own 69.27% of the company’s stock.

HD has been the topic of several recent research reports. Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Citigroup restated a “buy” rating and issued a $227.00 price target on shares of Home Depot in a research report on Wednesday, August 15th. Morgan Stanley dropped their price target on Home Depot from $225.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 23rd. Piper Jaffray Companies restated a “hold” rating and issued a $203.00 price target on shares of Home Depot in a research report on Thursday, August 16th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $204.00 price target (down previously from $222.00) on shares of Home Depot in a research report on Wednesday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $205.28.

Shares of HD opened at $185.99 on Friday. Home Depot Inc has a twelve month low of $162.93 and a twelve month high of $215.43. The company has a market capitalization of $214.22 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 1.47 and a beta of 1.26. The company has a debt-to-equity ratio of 11.60, a quick ratio of 0.37 and a current ratio of 1.13.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.21. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The company had revenue of $30.46 billion for the quarter, compared to analyst estimates of $30.04 billion. During the same quarter in the previous year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Analysts expect that Home Depot Inc will post 9.56 EPS for the current year.

In other news, EVP William G. Lennie sold 10,854 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the sale, the executive vice president now owns 40,057 shares of the company’s stock, valued at approximately $8,077,093.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matt Carey sold 4,125 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 60,179 shares in the company, valued at approximately $11,760,781.97. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

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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.

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

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