Canada Pension Plan Investment Board Increases Position in Home Depot, Inc. (The) (NYSE:HD)

Canada Pension Plan Investment Board increased its stake in shares of Home Depot, Inc. (The) (NYSE:HD) by 721.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 608,454 shares of the home improvement retailer’s stock after buying an additional 534,406 shares during the period. Canada Pension Plan Investment Board owned about 0.05% of Home Depot, Inc. (The) worth $89,339,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new position in Home Depot, Inc. (The) during the fourth quarter valued at about $1,502,692,000. Fisher Asset Management LLC raised its stake in shares of Home Depot, Inc. (The) by 1.3% in the first quarter. Fisher Asset Management LLC now owns 8,649,798 shares of the home improvement retailer’s stock worth $1,270,050,000 after buying an additional 108,242 shares during the period. Bank of Montreal Can raised its stake in shares of Home Depot, Inc. (The) by 6.1% in the first quarter. Bank of Montreal Can now owns 3,086,386 shares of the home improvement retailer’s stock worth $453,175,000 after buying an additional 178,101 shares during the period. Teachers Advisors LLC raised its stake in shares of Home Depot, Inc. (The) by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 2,792,966 shares of the home improvement retailer’s stock worth $374,481,000 after buying an additional 53,264 shares during the period. Finally, Putnam Investments LLC raised its stake in shares of Home Depot, Inc. (The) by 12.8% in the fourth quarter. Putnam Investments LLC now owns 2,596,938 shares of the home improvement retailer’s stock worth $348,197,000 after buying an additional 295,244 shares during the period. 71.48% of the stock is owned by hedge funds and other institutional investors.

Home Depot, Inc. (NYSE:HD) traded up 1.30% during mid-day trading on Friday, hitting $152.75. 3,258,581 shares of the stock traded hands. The firm’s 50-day moving average is $152.13 and its 200-day moving average is $148.91. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $160.86. The company has a market cap of $182.62 billion, a price-to-earnings ratio of 22.86 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.06. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The firm had revenue of $23.89 billion for the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Equities research analysts expect that Home Depot, Inc. will post $7.24 EPS for the current year.

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A number of equities research analysts have recently weighed in on the stock. UBS AG reissued a “buy” rating and set a $175.00 price objective (up from $173.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. BidaskClub downgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Jefferies Group LLC restated a “buy” rating on shares of Home Depot, Inc. (The) in a research report on Monday, July 24th. Vetr downgraded shares of Home Depot, Inc. (The) from a “strong-buy” rating to a “buy” rating and set a $164.18 target price for the company. in a research report on Wednesday, July 26th. Finally, Zacks Investment Research upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $164.68.

In related news, Director Wayne M. Hewett purchased 350 shares of the stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $157.11 per share, for a total transaction of $54,988.50. Following the completion of the acquisition, the director now directly owns 1,400 shares in the company, valued at approximately $219,954. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP William G. Lennie sold 31,239 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $155.47, for a total value of $4,856,727.33. Following the transaction, the executive vice president now owns 46,294 shares in the company, valued at approximately $7,197,328.18. The disclosure for this sale can be found here. Insiders sold 128,900 shares of company stock worth $20,167,386 in the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

Home Depot, Inc. (The) Company 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.

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

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