Sarasin & Partners LLP Increases Stake in The Home Depot, Inc. (NYSE:HD)

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Sarasin & Partners LLP lifted its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 2.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 828,691 shares of the home improvement retailer’s stock after purchasing an additional 16,038 shares during the period. The Home Depot accounts for about 3.3% of Sarasin & Partners LLP’s portfolio, making the stock its 9th largest position. Sarasin & Partners LLP owned 0.08% of The Home Depot worth $230,136,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in The Home Depot by 6.7% in the second quarter. Vanguard Group Inc. now owns 91,547,627 shares of the home improvement retailer’s stock valued at $22,933,597,000 after acquiring an additional 5,714,595 shares during the last quarter. Nordea Investment Management AB boosted its holdings in The Home Depot by 99.8% in the second quarter. Nordea Investment Management AB now owns 3,158,138 shares of the home improvement retailer’s stock valued at $780,250,000 after acquiring an additional 1,577,704 shares during the last quarter. Jensen Investment Management Inc. bought a new position in The Home Depot in the third quarter valued at about $224,716,000. Winslow Capital Management LLC boosted its holdings in The Home Depot by 86.0% in the second quarter. Winslow Capital Management LLC now owns 1,514,684 shares of the home improvement retailer’s stock valued at $379,444,000 after acquiring an additional 700,351 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in The Home Depot by 11.5% in the second quarter. Jennison Associates LLC now owns 5,912,207 shares of the home improvement retailer’s stock valued at $1,481,067,000 after acquiring an additional 607,918 shares during the last quarter. Institutional investors own 69.00% of the company’s stock.

HD has been the topic of several recent research reports. DA Davidson began coverage on The Home Depot in a report on Friday, August 14th. They issued a “neutral” rating and a $290.00 price target on the stock. They noted that the move was a valuation call. Jefferies Financial Group raised their target price on The Home Depot from $306.00 to $332.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Barclays raised their target price on The Home Depot from $260.00 to $315.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Argus raised their target price on The Home Depot from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Finally, Telsey Advisory Group upgraded The Home Depot from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $300.00 to $315.00 in a report on Monday. Six analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $288.88.

In other The Home Depot news, EVP Matt Carey sold 50,478 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $276.43, for a total transaction of $13,953,633.54. Following the transaction, the executive vice president now owns 62,735 shares of the company’s stock, valued at approximately $17,341,836.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William G. Lennie sold 13,199 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $283.22, for a total value of $3,738,220.78. Following the transaction, the executive vice president now directly owns 49,736 shares in the company, valued at approximately $14,086,229.92. The disclosure for this sale can be found here. Insiders have sold a total of 105,624 shares of company stock worth $29,429,883 in the last ninety days. Insiders own 0.26% of the company’s stock.

The Home Depot stock traded down $8.50 during midday trading on Tuesday, reaching $271.07. The stock had a trading volume of 155,023 shares, compared to its average volume of 4,814,653. The firm’s fifty day simple moving average is $279.64 and its 200-day simple moving average is $263.61. The Home Depot, Inc. has a 1-year low of $140.63 and a 1-year high of $292.95. The stock has a market capitalization of $300.94 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 2.18 and a beta of 1.11.

The Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.20 by $0.82. The business had revenue of $38.05 billion for the quarter, compared to analyst estimates of $32.13 billion. The Home Depot had a negative return on equity of 583.91% and a net margin of 9.91%. The Home Depot’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.17 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 11.43 EPS for the current year.

The Home Depot Profile

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 The Home Depot (NYSE:HD)

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