Hexavest Inc. Has $93.01 Million Stake in Home Depot Inc (NYSE:HD)

Hexavest Inc. grew its stake in Home Depot Inc (NYSE:HD) by 851,724.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 425,912 shares of the home improvement retailer’s stock after buying an additional 425,862 shares during the period. Home Depot accounts for 1.1% of Hexavest Inc.’s holdings, making the stock its 19th biggest position. Hexavest Inc.’s holdings in Home Depot were worth $93,011,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of HD. Nuveen Asset Management LLC boosted its position in shares of Home Depot by 3,457.2% in the second quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock worth $2,005,132,000 after acquiring an additional 9,370,409 shares during the last quarter. Morgan Stanley raised its stake in shares of Home Depot by 0.5% during the second quarter. Morgan Stanley now owns 8,327,709 shares of the home improvement retailer’s stock valued at $1,731,916,000 after purchasing an additional 44,258 shares during the period. Fisher Asset Management LLC raised its stake in shares of Home Depot by 26.4% during the third quarter. Fisher Asset Management LLC now owns 6,135,124 shares of the home improvement retailer’s stock valued at $1,423,472,000 after purchasing an additional 1,280,467 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in shares of Home Depot by 8.7% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 5,952,239 shares of the home improvement retailer’s stock valued at $1,632,392,000 after purchasing an additional 478,602 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Home Depot by 5.7% during the second quarter. UBS Asset Management Americas Inc. now owns 4,974,827 shares of the home improvement retailer’s stock valued at $1,034,615,000 after purchasing an additional 266,095 shares during the period. 69.87% of the stock is owned by institutional investors and hedge funds.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 12,974 shares of Home Depot stock in a transaction on Friday, December 13th. The shares were sold at an average price of $213.70, for a total value of $2,772,543.80. Following the completion of the transaction, the executive vice president now owns 26,335 shares of the company’s stock, valued at $5,627,789.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Craig A. Menear sold 113,468 shares of Home Depot stock in a transaction on Friday, December 13th. The shares were sold at an average price of $211.24, for a total transaction of $23,968,980.32. Following the completion of the transaction, the chief executive officer now directly owns 277,604 shares of the company’s stock, valued at approximately $58,641,068.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,552 shares of company stock valued at $26,765,281. 0.27% of the stock is currently owned by corporate insiders.

HD has been the subject of a number of recent analyst reports. Raymond James reissued an “outperform” rating and set a $250.00 price target on shares of Home Depot in a research report on Tuesday, October 8th. Goldman Sachs Group raised their price target on shares of Home Depot to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. They noted that the move was a valuation call. DZ Bank downgraded shares of Home Depot from a “hold” rating to a “sell” rating in a report on Thursday, September 19th. Credit Suisse Group raised shares of Home Depot from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $225.00 to $235.00 in a report on Thursday, December 12th. Finally, Longbow Research reaffirmed a “buy” rating and issued a $255.00 price objective on shares of Home Depot in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $237.31.

HD traded up $3.16 during mid-day trading on Thursday, reaching $227.75. 1,503,011 shares of the company traded hands, compared to its average volume of 4,130,568. The company’s fifty day moving average price is $218.89 and its 200-day moving average price is $222.23. Home Depot Inc has a 52-week low of $172.00 and a 52-week high of $239.31. The stock has a market capitalization of $243.05 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.97 and a beta of 1.00.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.53. The company had revenue of $27.22 billion during the quarter, compared to the consensus estimate of $27.51 billion. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. Home Depot’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $2.51 earnings per share. On average, research analysts forecast that Home Depot Inc will post 10.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $1.36 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.39%. Home Depot’s dividend payout ratio is currently 55.01%.

Home Depot Company 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 Home Depot (NYSE:HD)

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