YHB Investment Advisors Inc. grew its position in Home Depot Inc (NYSE:HD) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,379 shares of the home improvement retailer’s stock after buying an additional 709 shares during the quarter. Home Depot makes up approximately 1.4% of YHB Investment Advisors Inc.’s portfolio, making the stock its 21st largest position. YHB Investment Advisors Inc.’s holdings in Home Depot were worth $8,222,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in HD. Jacobi Capital Management LLC boosted its holdings in shares of Home Depot by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after purchasing an additional 101 shares during the period. Burt Wealth Advisors boosted its holdings in shares of Home Depot by 83.5% during the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock worth $142,000 after purchasing an additional 396 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Home Depot by 63.4% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after purchasing an additional 340 shares during the period. Empire Life Investments Inc. boosted its holdings in shares of Home Depot by 233.4% during the third quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock worth $157,000 after purchasing an additional 670 shares during the period. Finally, Glassman Wealth Services boosted its holdings in shares of Home Depot by 38.3% during the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after purchasing an additional 300 shares during the period. Institutional investors own 70.63% of the company’s stock.
In other news, EVP Edward P. Decker sold 17,660 shares of Home Depot stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $187.32, for a total value of $3,308,071.20. Following the transaction, the executive vice president now owns 73,815 shares of the company’s stock, valued at $13,827,025.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Armando M. Codina purchased 6,650 shares of the company’s stock in a transaction dated Friday, March 2nd. The stock was purchased at an average cost of $178.66 per share, for a total transaction of $1,188,089.00. Following the transaction, the director now owns 42,300 shares of the company’s stock, valued at $7,557,318. The disclosure for this purchase can be found here. In the last three months, insiders sold 169,027 shares of company stock worth $31,220,882. Insiders own 0.26% of the company’s stock.
Home Depot Inc (NYSE HD) opened at $182.47 on Monday. Home Depot Inc has a 52-week low of $144.25 and a 52-week high of $207.60. The company has a market cap of $213,080.00, a P/E ratio of 24.66, a PEG ratio of 1.40 and a beta of 1.14. The company has a debt-to-equity ratio of 16.69, a current ratio of 1.17 and a quick ratio of 0.38.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.07. Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The company had revenue of $23.88 billion for the quarter, compared to analyst estimates of $23.65 billion. During the same quarter last year, the firm posted $1.44 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. sell-side analysts forecast that Home Depot Inc will post 9.44 EPS for the current year.
Home Depot declared that its Board of Directors has initiated a share buyback program on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be given a $1.03 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.26%. Home Depot’s dividend payout ratio (DPR) is currently 55.68%.
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.
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