Ossiam Increases Holdings in The Home Depot, Inc. (NYSE:HD)

Ossiam grew its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 194.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,346 shares of the home improvement retailer’s stock after purchasing an additional 6,171 shares during the quarter. Ossiam’s holdings in The Home Depot were worth $3,067,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of The Home Depot by 11.7% during the 1st quarter. Bank of New York Mellon Corp now owns 12,190,230 shares of the home improvement retailer’s stock worth $3,721,069,000 after acquiring an additional 1,272,539 shares during the period. Morgan Stanley grew its stake in shares of The Home Depot by 2.9% during the 1st quarter. Morgan Stanley now owns 11,343,414 shares of the home improvement retailer’s stock worth $3,462,577,000 after acquiring an additional 314,841 shares during the period. Alliancebernstein L.P. boosted its stake in The Home Depot by 5.5% in the 2nd quarter. Alliancebernstein L.P. now owns 9,931,114 shares of the home improvement retailer’s stock worth $3,166,933,000 after purchasing an additional 520,162 shares during the period. Fisher Asset Management LLC boosted its stake in The Home Depot by 3.7% in the 2nd quarter. Fisher Asset Management LLC now owns 7,293,597 shares of the home improvement retailer’s stock worth $2,325,855,000 after purchasing an additional 260,413 shares during the period. Finally, Legal & General Group Plc boosted its stake in The Home Depot by 5.4% in the 2nd quarter. Legal & General Group Plc now owns 7,086,283 shares of the home improvement retailer’s stock worth $2,259,741,000 after purchasing an additional 360,844 shares during the period. 68.97% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on the company. Jefferies Financial Group cut their target price on The Home Depot from $380.00 to $369.00 and set a “buy” rating for the company in a research note on Wednesday, August 18th. Loop Capital cut The Home Depot from a “buy” rating to a “hold” rating and decreased their price objective for the company from $370.00 to $325.00 in a report on Friday, October 8th. Zacks Investment Research cut The Home Depot from a “strong-buy” rating to a “hold” rating and set a $338.00 price objective on the stock. in a report on Tuesday, July 20th. OTR Global cut The Home Depot to a “positive” rating in a report on Tuesday, August 10th. Finally, DA Davidson reissued a “neutral” rating on shares of The Home Depot in a report on Wednesday, August 18th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $342.50.

Shares of HD traded up $2.36 during mid-day trading on Thursday, hitting $340.64. 23,161 shares of the company’s stock traded hands, compared to its average volume of 3,873,124. The company has a quick ratio of 0.35, a current ratio of 1.06 and a debt-to-equity ratio of 16.31. The Home Depot, Inc. has a 1 year low of $246.59 and a 1 year high of $345.69. The firm has a market capitalization of $359.50 billion, a P/E ratio of 23.79, a PEG ratio of 2.00 and a beta of 1.02. The business’s 50-day moving average price is $331.12 and its 200-day moving average price is $323.39.

The Home Depot (NYSE:HD) last posted its earnings results on Monday, August 16th. The home improvement retailer reported $4.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.43 by $0.10. The Home Depot had a return on equity of 709.19% and a net margin of 10.55%. The firm had revenue of $41.12 billion for the quarter, compared to analysts’ expectations of $40.74 billion. During the same period in the previous year, the firm earned $4.02 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that The Home Depot, Inc. will post 14.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 16th. Stockholders of record on Thursday, September 2nd were paid a dividend of $1.65 per share. The ex-dividend date was Wednesday, September 1st. This represents a $6.60 annualized dividend and a dividend yield of 1.94%. The Home Depot’s dividend payout ratio (DPR) is presently 54.86%.

In other The Home Depot news, EVP Teresa Wynn Roseborough sold 5,000 shares of the business’s stock in a transaction on Monday, August 23rd. The stock was sold at an average price of $328.65, for a total value of $1,643,250.00. Following the sale, the executive vice president now directly owns 19,760 shares of the company’s stock, valued at $6,494,124. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Hector A. Padilla sold 1,154 shares of the business’s stock in a transaction on Wednesday, August 18th. The stock was sold at an average price of $325.62, for a total value of $375,765.48. The disclosure for this sale can be found here. Insiders have sold 74,622 shares of company stock worth $24,302,611 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

The Home Depot Company Profile

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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

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