Quest Investment Management LLC Boosts Stock Position in The Home Depot, Inc. (NYSE:HD)

Quest Investment Management LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 6.6% in the second quarter, Holdings Channel reports. The institutional investor owned 11,455 shares of the home improvement retailer’s stock after acquiring an additional 713 shares during the quarter. Quest Investment Management LLC’s holdings in The Home Depot were worth $3,653,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HD. Factorial Partners LLC increased its position in shares of The Home Depot by 112,672.9% in the first quarter. Factorial Partners LLC now owns 4,059,825 shares of the home improvement retailer’s stock valued at $13,300,000 after buying an additional 4,056,225 shares in the last quarter. Capital International Investors increased its position in shares of The Home Depot by 117.9% in the first quarter. Capital International Investors now owns 2,738,001 shares of the home improvement retailer’s stock valued at $835,775,000 after buying an additional 1,481,366 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of The Home Depot by 11.7% in the first quarter. Bank of New York Mellon Corp now owns 12,190,230 shares of the home improvement retailer’s stock valued at $3,721,069,000 after buying an additional 1,272,539 shares in the last quarter. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of The Home Depot during the second quarter worth approximately $197,167,000. Finally, Franklin Resources Inc. increased its position in shares of The Home Depot by 49.5% during the first quarter. Franklin Resources Inc. now owns 1,979,376 shares of the home improvement retailer’s stock worth $604,204,000 after purchasing an additional 654,949 shares in the last quarter. Institutional investors and hedge funds own 68.97% of the company’s stock.

In other The Home Depot news, EVP Teresa Wynn Roseborough sold 5,000 shares of the stock in a transaction dated 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 owns 19,760 shares of the company’s stock, valued at approximately $6,494,124. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Craig A. Menear sold 68,468 shares of the stock in a transaction dated Friday, August 20th. The shares were sold at an average price of $325.46, for a total value of $22,283,595.28. The disclosure for this sale can be found here. Insiders sold a total of 74,622 shares of company stock worth $24,302,611 in the last ninety days. 0.18% of the stock is owned by corporate insiders.

Several brokerages recently commented on HD. OTR Global cut The Home Depot to a “positive” rating in a research report on Tuesday, August 10th. Jefferies Financial Group dropped their price target on The Home Depot from $380.00 to $369.00 and set a “buy” rating for the company in a research report on Wednesday, August 18th. DA Davidson reiterated a “neutral” rating on shares of The Home Depot in a research report on Wednesday, August 18th. Raymond James boosted their price target on The Home Depot from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, August 16th. Finally, Zacks Investment Research cut The Home Depot from a “strong-buy” rating to a “hold” rating and set a $338.00 target price for the company. in a report on Tuesday, July 20th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $341.25.

HD opened at $337.49 on Monday. The stock’s 50-day moving average price is $329.48 and its 200 day moving average price is $319.23. The Home Depot, Inc. has a 12-month low of $246.59 and a 12-month high of $345.69. The company has a current ratio of 1.06, a quick ratio of 0.35 and a debt-to-equity ratio of 16.31. The firm has a market cap of $356.17 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.00 and a beta of 1.02.

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, topping 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 analyst estimates of $40.74 billion. During the same quarter in the prior year, the company earned $4.02 EPS. The Home Depot’s revenue was up 8.1% on a year-over-year basis. On average, research analysts forecast that The Home Depot, Inc. will post 14.45 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 16th. Shareholders of record on Thursday, September 2nd were given a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Wednesday, September 1st. The Home Depot’s dividend payout ratio is currently 54.86%.

About The Home Depot

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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