Legacy Private Trust Co. lifted its holdings in Home Depot Inc (NYSE:HD) by 12.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,105 shares of the home improvement retailer’s stock after buying an additional 1,635 shares during the quarter. Legacy Private Trust Co.’s holdings in Home Depot were worth $2,863,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in HD. Janus Henderson Group PLC raised its holdings in shares of Home Depot by 2,013.2% in the second quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after buying an additional 3,162,631 shares during the last quarter. Capital International Investors raised its holdings in shares of Home Depot by 132.5% in the third quarter. Capital International Investors now owns 3,268,036 shares of the home improvement retailer’s stock valued at $534,520,000 after buying an additional 1,862,134 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Home Depot by 8,118.8% in the third quarter. Stifel Financial Corp now owns 1,174,227 shares of the home improvement retailer’s stock valued at $191,976,000 after buying an additional 1,159,940 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Home Depot in the second quarter valued at about $133,780,000. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Home Depot by 35.2% in the second quarter. Parametric Portfolio Associates LLC now owns 3,265,338 shares of the home improvement retailer’s stock valued at $500,903,000 after buying an additional 850,074 shares during the last quarter. 69.63% of the stock is owned by institutional investors and hedge funds.
Shares of Home Depot Inc (NYSE:HD) opened at $182.16 on Friday. Home Depot Inc has a 12 month low of $144.25 and a 12 month high of $207.60. The stock has a market capitalization of $212,717.17, a P/E ratio of 25.02, a PEG ratio of 1.41 and a beta of 1.14. The company has a debt-to-equity ratio of 16.69, a quick ratio of 0.38 and a current ratio of 1.17.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The company had revenue of $23.88 billion for the quarter, compared to analysts’ expectations of $23.65 billion. During the same quarter in the prior year, the business posted $1.44 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. research analysts forecast that Home Depot Inc will post 9.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be paid a dividend of $1.03 per share. The ex-dividend date is Wednesday, March 7th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.26%. This is a boost from Home Depot’s previous quarterly dividend of $0.89. Home Depot’s dividend payout ratio is currently 56.59%.
Home Depot declared that its board has authorized a share repurchase program on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
A number of research analysts recently issued reports on the company. Deutsche Bank lifted their price target on Home Depot from $176.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Argus lifted their price target on Home Depot from $180.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Telsey Advisory Group reiterated an “outperform” rating and issued a $220.00 price objective (up from $190.00) on shares of Home Depot in a research report on Friday, January 19th. Wedbush reiterated a “hold” rating and issued a $190.00 price objective (up from $170.00) on shares of Home Depot in a research report on Wednesday, February 21st. Finally, Atlantic Securities upgraded Home Depot from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $174.16 to $174.95 in a research report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $193.15.
In other news, EVP Edward P. Decker sold 17,660 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the sale, the executive vice president now owns 73,815 shares in the company, valued at approximately $13,827,025.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Armando M. Codina acquired 6,650 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were bought at an average price of $178.66 per share, for a total transaction of $1,188,089.00. Following the purchase, the director now owns 42,300 shares in the company, valued at $7,557,318. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 169,027 shares of company stock worth $31,220,882. Company insiders own 0.26% of the company’s stock.
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Home Depot 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.
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