HBK Sorce Advisory LLC grew its position in The Home Depot, Inc. (NYSE:HD) by 3.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,507 shares of the home improvement retailer’s stock after acquiring an additional 737 shares during the quarter. HBK Sorce Advisory LLC’s holdings in The Home Depot were worth $6,222,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the stock. KB Financial Partners LLC bought a new position in shares of The Home Depot in the 1st quarter worth about $29,000. Elmwood Wealth Management Inc. bought a new position in shares of The Home Depot in the 1st quarter worth about $41,000. Atlas Capital Advisors LLC lifted its position in shares of The Home Depot by 38.5% in the 2nd quarter. Atlas Capital Advisors LLC now owns 133 shares of the home improvement retailer’s stock worth $42,000 after buying an additional 37 shares during the last quarter. Twin Lakes Capital Management LLC bought a new position in shares of The Home Depot in the 1st quarter worth about $61,000. Finally, Lake Point Wealth Management bought a new position in shares of The Home Depot in the 2nd quarter worth about $69,000. 68.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of HD traded up $3.44 during mid-day trading on Monday, hitting $340.93. The company’s stock had a trading volume of 135,326 shares, compared to its average volume of 3,944,844. The firm has a 50-day moving average price of $329.48 and a 200 day moving average price of $319.23. The stock has a market capitalization of $359.80 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.00 and a beta of 1.02. The company has a debt-to-equity ratio of 16.31, a current ratio of 1.06 and a quick ratio of 0.35. The Home Depot, Inc. has a fifty-two week low of $246.59 and a fifty-two week high of $345.69.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 16th. Stockholders of record on Thursday, September 2nd were paid a $1.65 dividend. The ex-dividend date of this dividend was Wednesday, September 1st. This represents a $6.60 annualized dividend and a dividend yield of 1.94%. The Home Depot’s dividend payout ratio is currently 54.86%.
A number of research firms have recently issued reports on HD. Zacks Investment Research downgraded shares of The Home Depot from a “strong-buy” rating to a “hold” rating and set a $338.00 price target on the stock. in a research report on Tuesday, July 20th. OTR Global downgraded shares of The Home Depot to a “positive” rating in a research report on Tuesday, August 10th. Raymond James lifted their price objective on shares of The Home Depot from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, August 16th. Jefferies Financial Group cut their price objective on shares of The Home Depot from $380.00 to $369.00 and set a “buy” rating on the stock in a research report on Wednesday, August 18th. Finally, DA Davidson reiterated a “neutral” rating on shares of The Home Depot in a research report on Wednesday, August 18th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $341.25.
In related news, EVP Hector A. Padilla sold 1,154 shares of the firm’s stock in a transaction that occurred on Wednesday, August 18th. The shares were sold at an average price of $325.62, for a total transaction of $375,765.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Craig A. Menear sold 68,468 shares of the firm’s stock in a transaction that occurred on Friday, August 20th. The stock was sold at an average price of $325.46, for a total transaction of $22,283,595.28. The disclosure for this sale can be found here. Insiders sold a total of 74,622 shares of company stock worth $24,302,611 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.
The Home Depot Company Profile
The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.
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