Home Depot, Inc. (The) (HD) Position Maintained by Bourne Lent Asset Management Inc.

Bourne Lent Asset Management Inc. continued to hold its stake in Home Depot, Inc. (The) (NYSE:HD) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,500 shares of the home improvement retailer’s stock at the end of the second quarter. Bourne Lent Asset Management Inc.’s holdings in Home Depot, Inc. (The) were worth $383,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Boston Partners acquired a new stake in shares of Home Depot, Inc. (The) during the first quarter valued at $326,895,000. Schwab Charles Investment Management Inc. boosted its stake in shares of 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 buying an additional 1,734,963 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Home Depot, Inc. (The) during the first quarter valued at $99,739,000. Jennison Associates LLC boosted its stake in shares of 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 buying an additional 556,596 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Home Depot, Inc. (The) by 721.7% in the first quarter. Canada Pension Plan Investment Board now owns 608,454 shares of the home improvement retailer’s stock valued at $89,339,000 after buying an additional 534,406 shares during the period. Institutional investors own 71.27% of the company’s stock.

Home Depot, Inc. (NYSE:HD) traded down 1.311% during midday trading on Wednesday, reaching $147.945. 3,088,770 shares of the company traded hands. Home Depot, Inc. has a one year low of $119.20 and a one year high of $160.86. The company has a market capitalization of $175.02 billion, a price-to-earnings ratio of 21.293 and a beta of 1.08. The stock’s 50 day moving average is $151.03 and its 200 day moving average is $150.33.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.04. The business had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.97 EPS. On average, equities analysts anticipate that Home Depot, Inc. will post $7.33 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $3.56 annualized dividend and a dividend yield of 2.37%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is 51.15%.

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Several brokerages have weighed in on HD. UBS AG reiterated a “buy” rating and issued a $175.00 price objective (up previously from $173.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Jefferies Group LLC reiterated a “buy” rating and issued a $182.00 price objective on shares of Home Depot, Inc. (The) in a research note on Thursday, August 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $178.00 price objective on shares of Home Depot, Inc. (The) in a research note on Wednesday, August 16th. Wedbush reiterated a “market perform” rating on shares of Home Depot, Inc. (The) in a research note on Wednesday, August 16th. Finally, Telsey Advisory Group reiterated an “outperform” rating on shares of Home Depot, Inc. (The) in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Home Depot, Inc. (The) currently has an average rating of “Buy” and a consensus target price of $169.86.

In other news, EVP Teresa Wynn Roseborough sold 15,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at approximately $4,984,977.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 10,717 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the sale, the executive vice president now directly owns 64,810 shares in the company, valued at $9,877,044. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

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.

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