Home Depot Inc (HD) Shares Sold by Redpoint Investment Management Pty Ltd

Redpoint Investment Management Pty Ltd lowered its stake in shares of Home Depot Inc (NYSE:HD) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,562 shares of the home improvement retailer’s stock after selling 2,307 shares during the period. Home Depot accounts for 1.0% of Redpoint Investment Management Pty Ltd’s investment portfolio, making the stock its 12th biggest holding. Redpoint Investment Management Pty Ltd’s holdings in Home Depot were worth $17,864,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. grew its stake in Home Depot by 0.8% in the 1st quarter. BlackRock Inc. now owns 72,237,480 shares of the home improvement retailer’s stock valued at $12,875,610,000 after buying an additional 604,634 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Home Depot by 3.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock valued at $1,143,434,000 after buying an additional 230,769 shares in the last quarter. Fisher Asset Management LLC grew its stake in Home Depot by 2.6% in the 2nd quarter. Fisher Asset Management LLC now owns 4,326,599 shares of the home improvement retailer’s stock valued at $844,119,000 after buying an additional 108,535 shares in the last quarter. Swiss National Bank grew its stake in Home Depot by 2.9% in the 2nd quarter. Swiss National Bank now owns 4,045,615 shares of the home improvement retailer’s stock valued at $789,299,000 after buying an additional 115,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Home Depot by 3.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,889,146 shares of the home improvement retailer’s stock valued at $758,772,000 after buying an additional 114,785 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 Home Depot stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the sale, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at approximately $8,077,093.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Matt Carey sold 4,125 shares of Home Depot stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total transaction of $806,148.75. Following the sale, the executive vice president now directly owns 60,179 shares of the company’s stock, valued at $11,760,781.97. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.



Shares of NYSE:HD opened at $176.24 on Wednesday. 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 Inc has a one year low of $160.53 and a one year high of $215.43. The firm has a market capitalization of $197.05 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.36 and a beta of 1.11.

Home Depot (NYSE:HD) last announced its quarterly 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. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The firm had revenue of $30.46 billion during the quarter, compared to the consensus estimate of $30.04 billion. During the same period last year, the firm earned $0.59 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, equities analysts expect that Home Depot Inc will post 9.58 earnings per share for the current fiscal year.

A number of research firms recently weighed in on HD. Zacks Investment Research upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Morgan Stanley reduced their price objective on shares of Home Depot from $225.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, October 23rd. Wells Fargo & Co reduced their price objective on shares of Home Depot from $230.00 to $220.00 and set an “outperform” rating for the company in a research note on Monday, October 22nd. ValuEngine lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $204.00 price objective (down from $222.00) on shares of Home Depot in a research note on Wednesday, October 17th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus 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: Google Finance

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

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