Home Depot Inc (HD) Stake Lessened by Murphy Capital Management Inc.

Murphy Capital Management Inc. lessened its stake in shares of Home Depot Inc (NYSE:HD) by 43.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,703 shares of the home improvement retailer’s stock after selling 40,744 shares during the quarter. Home Depot comprises approximately 1.5% of Murphy Capital Management Inc.’s holdings, making the stock its 17th largest position. Murphy Capital Management Inc.’s holdings in Home Depot were worth $11,124,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Viridian Ria LLC lifted its position in shares of Home Depot by 12.1% in the 2nd quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock worth $465,000 after acquiring an additional 255 shares during the period. Nadler Financial Group Inc. raised its holdings in shares of Home Depot by 11.6% in the 2nd quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock worth $496,000 after buying an additional 264 shares in the last quarter. Exencial Wealth Advisors LLC raised its holdings in shares of Home Depot by 6.5% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock worth $856,000 after buying an additional 266 shares in the last quarter. Bingham Osborn & Scarborough LLC raised its holdings in shares of Home Depot by 11.2% in the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock worth $529,000 after buying an additional 273 shares in the last quarter. Finally, Burns J W & Co. Inc. NY raised its holdings in shares of Home Depot by 1.4% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 20,081 shares of the home improvement retailer’s stock worth $3,918,000 after buying an additional 275 shares in the last quarter. Institutional investors own 69.85% of the company’s stock.

A number of research firms recently weighed in on HD. Zacks Investment Research raised Home Depot from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. UBS Group dropped their price target on Home Depot from $225.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. Citigroup dropped their price target on Home Depot from $227.00 to $226.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. Deutsche Bank dropped their price target on Home Depot from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. Finally, Credit Suisse Group set a $204.00 price target on Home Depot and gave the company a “hold” rating in a report on Tuesday, November 13th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $205.43.

Shares of HD opened at $175.96 on Friday. The firm has a market capitalization of $198.01 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.37 and a beta of 1.26. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09. Home Depot Inc has a 52 week low of $167.00 and a 52 week high of $215.43.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.24. The firm had revenue of $26.30 billion for the quarter, compared to analyst estimates of $26.23 billion. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.84 EPS. Analysts forecast that Home Depot Inc will post 9.79 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th will be given a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, November 28th. This represents a $4.12 dividend on an annualized basis and a yield of 2.34%. Home Depot’s payout ratio is 55.23%.

In other news, Director Manuel Kadre acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, November 14th. The shares were purchased at an average cost of $177.48 per share, for a total transaction of $354,960.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $354,960. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Craig A. Menear sold 117,327 shares of the stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total value of $21,168,137.34. Following the completion of the transaction, the chief executive officer now owns 264,970 shares in the company, valued at $47,805,887.40. The disclosure for this sale can be found here. Insiders acquired a total of 13,750 shares of company stock worth $2,401,470 over the last quarter. Corporate insiders own 0.25% of the company’s stock.

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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.

See Also: Cost of Equity For A Business, Investors

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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