Home Depot Inc (NYSE:HD) Stake Increased by Eastern Bank

Eastern Bank boosted its stake in shares of Home Depot Inc (NYSE:HD) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,178 shares of the home improvement retailer’s stock after purchasing an additional 632 shares during the period. Home Depot comprises about 1.5% of Eastern Bank’s investment portfolio, making the stock its 15th biggest position. Eastern Bank’s holdings in Home Depot were worth $20,801,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Home Depot by 0.9% in the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock worth $12,336,016,000 after purchasing an additional 703,292 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Home Depot by 0.9% in the second quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock worth $3,071,943,000 after purchasing an additional 170,139 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Home Depot by 1.3% in the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock worth $2,659,010,000 after purchasing an additional 222,958 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Home Depot by 1.1% in the second quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock worth $1,231,485,000 after purchasing an additional 84,750 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Home Depot by 14.4% in the second quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock worth $930,903,000 after purchasing an additional 761,586 shares during the last quarter. Institutional investors own 70.14% of the company’s stock.

Home Depot Inc (NYSE HD) opened at $191.80 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. Home Depot Inc has a 12-month low of $133.94 and a 12-month high of $193.72. The stock has a market capitalization of $223,970.00, a price-to-earnings ratio of 26.60, a PEG ratio of 1.96 and a beta of 1.11.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. During the same period in the prior year, the firm earned $1.60 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. equities research analysts anticipate that Home Depot Inc will post 7.37 EPS for the current year.

Home Depot announced that its board has initiated a stock repurchase program on Wednesday, December 6th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Wednesday, November 29th. Home Depot’s dividend payout ratio is currently 49.38%.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by company insiders.

Several brokerages have weighed in on HD. Piper Jaffray Companies reissued a “hold” rating and set a $164.00 price objective on shares of Home Depot in a research note on Sunday, October 1st. Oppenheimer reissued a “buy” rating on shares of Home Depot in a research note on Tuesday, December 26th. Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Robert W. Baird restated an “outperform” rating and set a $195.00 target price on shares of Home Depot in a research report on Thursday, November 30th. Finally, SunTrust Banks boosted their target price on Home Depot to $167.00 and gave the company a “hold” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Home Depot has a consensus rating of “Buy” and a consensus price target of $183.28.

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Home Depot 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 (NYSE:HD)

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