Amalgamated Bank increased its stake in shares of Home Depot Inc (NYSE:HD) by 10.9% in the 1st quarter, Holdings Channel reports. The firm owned 172,717 shares of the home improvement retailer’s stock after buying an additional 16,944 shares during the period. Home Depot accounts for approximately 0.8% of Amalgamated Bank’s holdings, making the stock its 13th biggest position. Amalgamated Bank’s holdings in Home Depot were worth $30,785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HD. Summit Trail Advisors LLC raised its holdings in shares of Home Depot by 17,627.8% during the first quarter. Summit Trail Advisors LLC now owns 2,233,171 shares of the home improvement retailer’s stock valued at $2,233,000 after purchasing an additional 2,220,574 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Home Depot by 46.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,059,019 shares of the home improvement retailer’s stock valued at $769,306,000 after purchasing an additional 1,279,244 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in Home Depot by 21.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 5,285,723 shares of the home improvement retailer’s stock valued at $1,001,803,000 after buying an additional 934,526 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in Home Depot by 17.9% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 5,919,857 shares of the home improvement retailer’s stock valued at $1,121,990,000 after buying an additional 899,399 shares during the last quarter. Finally, Natixis increased its holdings in Home Depot by 153.0% during the first quarter. Natixis now owns 1,064,144 shares of the home improvement retailer’s stock valued at $189,673,000 after buying an additional 643,600 shares during the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.

HD opened at $195.56 on Friday. The company has a market capitalization of $226.44 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.50 and a beta of 1.14. Home Depot Inc has a 1-year low of $146.89 and a 1-year high of $207.60. The company has a debt-to-equity ratio of 14.37, a current ratio of 1.17 and a quick ratio of 0.37.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.84 by $0.21. The business had revenue of $30.46 billion during the quarter, compared to analyst estimates of $30.04 billion. Home Depot had a net margin of 8.85% and a return on equity of 399.15%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. equities research analysts anticipate that Home Depot Inc will post 9.46 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 30th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.11%. Home Depot’s dividend payout ratio is 55.23%.

In related news, Director Stephanie Linnartz bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The stock was purchased at an average price of $187.57 per share, for a total transaction of $187,570.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

HD has been the subject of a number of research reports. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $223.00 target price for the company in a report on Tuesday, July 17th. Deutsche Bank set a $210.00 target price on shares of Home Depot and gave the company a “buy” rating in a report on Tuesday, May 15th. Wells Fargo & Co set a $205.00 target price on shares of Home Depot and gave the company a “buy” rating in a report on Tuesday, May 15th. Bank of America reaffirmed a “buy” rating and set a $215.00 target price on shares of Home Depot in a report on Tuesday, May 15th. Finally, Credit Suisse Group set a $222.00 target price on shares of Home Depot and gave the company a “buy” rating in a report on Monday, May 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $203.35.

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 d├ęcor 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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