Boston Trust Walden Corp increased its position in shares of Home Depot Inc (NYSE:HD) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,992 shares of the home improvement retailer’s stock after purchasing an additional 5,879 shares during the period. Boston Trust Walden Corp’s holdings in Home Depot were worth $36,655,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in HD. Price Wealth LLC raised its holdings in Home Depot by 138.5% during the second quarter. Price Wealth LLC now owns 124 shares of the home improvement retailer’s stock worth $31,000 after purchasing an additional 72 shares in the last quarter. Selective Wealth Management Inc. raised its holdings in Home Depot by 243.9% during the second quarter. Selective Wealth Management Inc. now owns 141 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter. Evolution Wealth Advisors LLC grew its position in Home Depot by 138.8% in the second quarter. Evolution Wealth Advisors LLC now owns 191 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 111 shares during the last quarter. NuWave Investment Management LLC acquired a new position in Home Depot in the second quarter worth approximately $57,000. Finally, Your Advocates Ltd. LLP grew its position in Home Depot by 51.4% in the second quarter. Your Advocates Ltd. LLP now owns 221 shares of the home improvement retailer’s stock worth $57,000 after buying an additional 75 shares during the last quarter. 69.00% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on HD shares. Exane BNP Paribas started coverage on shares of Home Depot in a research report on Monday, October 5th. They issued an “outperform” rating and a $310.00 price target on the stock. Gordon Haskett upgraded shares of Home Depot from a “hold” rating to an “accumulate” rating and set a $306.00 price target on the stock in a research report on Wednesday, August 12th. Credit Suisse Group restated a “buy” rating and issued a $300.00 price target on shares of Home Depot in a research report on Monday, August 17th. Raymond James lifted their price target on shares of Home Depot from $295.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Finally, Morgan Stanley lifted their price target on shares of Home Depot from $295.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Eight analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Home Depot currently has a consensus rating of “Buy” and a consensus target price of $288.79.
Shares of NYSE:HD opened at $287.66 on Friday. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $292.95. The firm has a fifty day moving average of $278.34 and a two-hundred day moving average of $251.27. The firm has a market capitalization of $309.65 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 2.38 and a beta of 1.09.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.82. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The business had revenue of $38.05 billion during the quarter, compared to analyst estimates of $32.13 billion. During the same quarter in the previous year, the business earned $3.17 EPS. Home Depot’s quarterly revenue was up 23.4% compared to the same quarter last year. Sell-side analysts expect that Home Depot Inc will post 11.36 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Wednesday, September 2nd. Home Depot’s payout ratio is presently 58.54%.
In other Home Depot news, EVP Teresa Wynn Roseborough sold 41,947 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $279.83, for a total transaction of $11,738,029.01. Also, EVP Matt Carey sold 50,478 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $276.43, for a total transaction of $13,953,633.54. Following the transaction, the executive vice president now directly owns 62,735 shares of the company’s stock, valued at approximately $17,341,836.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,304 shares of company stock valued at $32,088,591. 0.26% of the stock is owned by company insiders.
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.
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