Bremer Trust National Association Sells 2,469 Shares of Home Depot, Inc. (The) (HD)

Bremer Trust National Association reduced its holdings in shares of Home Depot, Inc. (The) (NYSE:HD) by 9.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,695 shares of the home improvement retailer’s stock after selling 2,469 shares during the quarter. Home Depot, Inc. (The) comprises 1.1% of Bremer Trust National Association’s investment portfolio, making the stock its 16th biggest position. Bremer Trust National Association’s holdings in Home Depot, Inc. (The) were worth $3,788,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Handelsbanken Fonder AB lifted its stake in shares of Home Depot, Inc. (The) by 4.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 336,124 shares of the home improvement retailer’s stock valued at $51,561,000 after buying an additional 13,320 shares in the last quarter. American National Bank lifted its stake in Home Depot, Inc. (The) by 4.9% in the 2nd quarter. American National Bank now owns 1,974 shares of the home improvement retailer’s stock worth $303,000 after purchasing an additional 93 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its stake in Home Depot, Inc. (The) by 20.7% in the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 32,936 shares of the home improvement retailer’s stock worth $5,053,000 after purchasing an additional 5,638 shares in the last quarter. Toth Financial Advisory Corp lifted its stake in Home Depot, Inc. (The) by 7.3% in the 2nd quarter. Toth Financial Advisory Corp now owns 2,724 shares of the home improvement retailer’s stock worth $418,000 after purchasing an additional 185 shares in the last quarter. Finally, Bath Savings Trust Co lifted its stake in Home Depot, Inc. (The) by 2.1% in the 2nd quarter. Bath Savings Trust Co now owns 6,379 shares of the home improvement retailer’s stock worth $979,000 after purchasing an additional 129 shares in the last quarter. Institutional investors own 71.45% of the company’s stock.

In other news, EVP Teresa Wynn Roseborough sold 15,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $150.39, for a total value of $2,255,850.00. Following the transaction, the executive vice president now directly owns 33,147 shares in the company, valued at $4,984,977.33. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the transaction, the executive vice president now owns 62,483 shares in the company, valued at $9,816,079.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,717 shares of company stock worth $8,916,321. Company insiders own 0.26% of the company’s stock.

Several research firms have issued reports on HD. Robert W. Baird set a $175.00 target price on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Sunday, September 10th. Zacks Investment Research upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research note on Monday, September 11th. Vetr cut shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 target price on the stock. in a research note on Monday, June 19th. BMO Capital Markets reiterated an “outperform” rating on shares of Home Depot, Inc. (The) in a research note on Tuesday, September 12th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $176.00 target price on shares of Home Depot, Inc. (The) in a research note on Friday, June 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $169.86.

Home Depot, Inc. (HD) traded down 0.61% during midday trading on Friday, hitting $158.40. 9,124,244 shares of the stock traded hands. The firm’s 50-day moving average is $152.78 and its 200-day moving average is $151.82. The company has a market cap of $186.72 billion, a price-to-earnings ratio of 22.80 and a beta of 1.07. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $161.38.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Tuesday, August 29th. Home Depot, Inc. (The)’s payout ratio is presently 51.15%.

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

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