Vaughan Nelson Investment Management L.P. Has $117.05 Million Stake in Home Depot Inc (HD)

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Vaughan Nelson Investment Management L.P. increased its position in Home Depot Inc (NYSE:HD) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 599,971 shares of the home improvement retailer’s stock after purchasing an additional 39,161 shares during the quarter. Home Depot makes up 1.4% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 7th biggest position. Vaughan Nelson Investment Management L.P. owned 0.05% of Home Depot worth $117,054,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Amalgamated Bank lifted its stake in Home Depot by 4.2% in the 2nd quarter. Amalgamated Bank now owns 180,040 shares of the home improvement retailer’s stock valued at $35,126,000 after acquiring an additional 7,323 shares in the last quarter. Schwab Charles Investment Management Inc. lifted 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 acquiring an additional 230,769 shares in the last quarter. Heritage Investors Management Corp lifted its stake in Home Depot by 0.3% in the 2nd quarter. Heritage Investors Management Corp now owns 144,425 shares of the home improvement retailer’s stock valued at $28,177,000 after acquiring an additional 395 shares in the last quarter. California State Teachers Retirement System lifted its stake in Home Depot by 2.4% in the 4th quarter. California State Teachers Retirement System now owns 2,093,731 shares of the home improvement retailer’s stock valued at $396,825,000 after acquiring an additional 49,863 shares in the last quarter. Finally, Synovus Financial Corp lifted its stake in Home Depot by 3.8% in the 1st quarter. Synovus Financial Corp now owns 220,730 shares of the home improvement retailer’s stock valued at $39,357,000 after acquiring an additional 8,102 shares in the last quarter. Hedge funds and other institutional investors own 69.01% of the company’s stock.

NYSE HD traded up $2.73 on Friday, reaching $192.47. The stock had a trading volume of 5,354,002 shares, compared to its average volume of 4,627,644. The company has a debt-to-equity ratio of 11.60, a current ratio of 1.13 and a quick ratio of 0.37. Home Depot Inc has a 1-year low of $160.53 and a 1-year high of $215.43. The firm has a market cap of $237.01 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 1.63 and a beta of 1.11.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The firm had revenue of $30.46 billion for the quarter, compared to analyst estimates of $30.04 billion. During the same period in the prior year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities analysts anticipate that Home Depot Inc will post 9.58 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Wednesday, August 29th. Home Depot’s dividend payout ratio is 55.23%.

In other news, EVP William G. Lennie sold 10,854 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was 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 in the company, valued at approximately $8,077,093.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Matt Carey sold 4,125 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the sale, the executive vice president now owns 60,179 shares of the company’s stock, valued at $11,760,781.97. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Several equities research analysts have commented on HD shares. Wells Fargo & Co restated a “buy” rating and issued a $230.00 target price on shares of Home Depot in a research note on Sunday, September 16th. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $228.00 target price on the stock in a research note on Friday, October 5th. UBS Group boosted their target price on Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, June 20th. Citigroup boosted their target price on Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, August 10th. Finally, Morgan Stanley boosted their target price on Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $207.40.

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.

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

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