SRB Corp Invests $515,000 in Home Depot Inc (NYSE:HD)

SRB Corp acquired a new position in shares of Home Depot Inc (NYSE:HD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,474 shares of the home improvement retailer’s stock, valued at approximately $515,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vontobel Asset Management Inc. boosted its position in shares of Home Depot by 1.1% during the second quarter. Vontobel Asset Management Inc. now owns 274,707 shares of the home improvement retailer’s stock worth $57,130,000 after purchasing an additional 2,947 shares in the last quarter. Pathstone Family Office LLC boosted its position in shares of Home Depot by 10.3% during the second quarter. Pathstone Family Office LLC now owns 9,212 shares of the home improvement retailer’s stock worth $1,916,000 after purchasing an additional 859 shares in the last quarter. Marietta Wealth Management LLC boosted its position in shares of Home Depot by 1.2% during the second quarter. Marietta Wealth Management LLC now owns 21,608 shares of the home improvement retailer’s stock worth $4,494,000 after purchasing an additional 246 shares in the last quarter. STA Wealth Management LLC bought a new position in shares of Home Depot during the second quarter worth $273,000. Finally, A.R.T. Advisors LLC bought a new position in shares of Home Depot during the second quarter worth $12,728,000. 69.92% of the stock is owned by institutional investors.

A number of equities analysts have recently weighed in on the stock. Robert W. Baird lifted their price target on shares of Home Depot from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Loop Capital lifted their price target on shares of Home Depot to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Royal Bank of Canada lifted their price target on shares of Home Depot from $229.00 to $233.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Goldman Sachs Group assumed coverage on shares of Home Depot in a research report on Thursday, July 11th. They set a “buy” rating and a $235.00 price target on the stock. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $235.00 price target (up from $230.00) on shares of Home Depot in a research report on Wednesday, August 21st. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Home Depot has a consensus rating of “Buy” and an average price target of $221.39.

In other Home Depot news, EVP William G. Lennie sold 9,200 shares of Home Depot stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total value of $2,024,460.00. Following the sale, the executive vice president now directly owns 84,123 shares in the company, valued at approximately $18,511,266.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Carol B. Tome sold 145,400 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the transaction, the chief financial officer now owns 496,374 shares in the company, valued at $108,725,760.96. The disclosure for this sale can be found here. Insiders sold a total of 177,508 shares of company stock worth $39,076,428 over the last quarter. Company insiders own 0.27% of the company’s stock.

Shares of NYSE:HD traded down $3.05 during midday trading on Monday, reaching $230.93. 263,180 shares of the company were exchanged, compared to its average volume of 4,457,041. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $235.49. The stock has a fifty day simple moving average of $217.50 and a two-hundred day simple moving average of $203.36. The firm has a market cap of $256.05 billion, a PE ratio of 23.36, a P/E/G ratio of 2.17 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The firm had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. During the same period in the previous year, the business earned $3.05 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, analysts expect that Home Depot Inc will post 10.11 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be paid a $1.36 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $5.44 annualized dividend and a yield of 2.36%. Home Depot’s payout ratio is currently 55.01%.

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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