Dakota Wealth Management Increases Holdings in Home Depot Inc (HD)

Dakota Wealth Management grew its position in Home Depot Inc (NYSE:HD) by 751.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,627 shares of the home improvement retailer’s stock after acquiring an additional 12,909 shares during the quarter. Dakota Wealth Management’s holdings in Home Depot were worth $2,854,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Viridian Ria LLC raised its holdings in shares of Home Depot by 12.1% in the 2nd quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock worth $465,000 after buying an additional 255 shares in the last quarter. Nadler Financial Group Inc. raised its holdings in shares of Home Depot by 11.6% in the 2nd quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock worth $496,000 after buying an additional 264 shares in the last quarter. Exencial Wealth Advisors LLC raised its holdings in shares of Home Depot by 6.5% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock worth $856,000 after buying an additional 266 shares in the last quarter. Bingham Osborn & Scarborough LLC raised its holdings in shares of Home Depot by 11.2% in the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock worth $529,000 after buying an additional 273 shares in the last quarter. Finally, First Mercantile Trust Co. raised its holdings in shares of Home Depot by 4.6% in the 1st quarter. First Mercantile Trust Co. now owns 6,216 shares of the home improvement retailer’s stock worth $1,108,000 after buying an additional 274 shares in the last quarter. Institutional investors own 69.24% of the company’s stock.

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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. 0.25% of the stock is currently owned by company insiders.



NYSE HD opened at $176.24 on Wednesday. The firm has a market capitalization of $197.05 billion, a PE ratio of 23.62, a PEG ratio of 1.35 and a beta of 1.11. Home Depot Inc has a 52 week low of $160.53 and a 52 week high of $215.43. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 11.60.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.21. The company had revenue of $30.46 billion during the quarter, compared to analysts’ expectations of $30.04 billion. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.59 EPS. As a group, equities research analysts expect that Home Depot Inc will post 9.58 EPS for the current year.

A number of research firms recently weighed in on HD. Morgan Stanley dropped their price target on Home Depot from $225.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, October 23rd. Wells Fargo & Co dropped their price target on Home Depot from $230.00 to $220.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. Citigroup reaffirmed a “buy” rating and set a $227.00 price target on shares of Home Depot in a report on Wednesday, August 15th. Jefferies Financial Group began coverage on Home Depot in a report on Tuesday, August 21st. They set a “buy” rating and a $228.00 price target for the company. Finally, Zacks Investment Research raised Home Depot from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $205.28.

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: Float

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

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