Asset Dedication LLC purchased a new position in Home Depot Inc (NYSE:HD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,851 shares of the home improvement retailer’s stock, valued at approximately $2,237,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HD. Wela Strategies Inc. acquired a new position in Home Depot during the second quarter valued at $217,000. Beach Investment Management LLC. lifted its position in Home Depot by 1,023.1% during the second quarter. Beach Investment Management LLC. now owns 68,511 shares of the home improvement retailer’s stock valued at $10,510,000 after purchasing an additional 62,411 shares during the period. Northeast Investment Management lifted its position in Home Depot by 0.9% during the second quarter. Northeast Investment Management now owns 16,367 shares of the home improvement retailer’s stock valued at $2,511,000 after purchasing an additional 154 shares during the period. BB&T Securities LLC lifted its position in Home Depot by 18.1% during the second quarter. BB&T Securities LLC now owns 83,205 shares of the home improvement retailer’s stock valued at $12,763,000 after purchasing an additional 12,726 shares during the period. Finally, Halbert Hargrove Russell LLC lifted its position in Home Depot by 6.5% during the second quarter. Halbert Hargrove Russell LLC now owns 2,028 shares of the home improvement retailer’s stock valued at $311,000 after purchasing an additional 124 shares during the period. 70.63% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Craig A. Menear sold 113,687 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total transaction of $20,894,533.73. Following the completion of the sale, the chief executive officer now owns 237,957 shares of the company’s stock, valued at approximately $43,734,117.03. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Armando M. Codina acquired 6,650 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average cost of $178.66 per share, with a total value of $1,188,089.00. Following the purchase, the director now owns 42,300 shares in the company, valued at approximately $7,557,318. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 169,027 shares of company stock valued at $31,220,882. 0.26% of the stock is owned by corporate insiders.
Shares of Home Depot Inc (NYSE HD) opened at $179.71 on Tuesday. The company has a market cap of $209,860.00, a PE ratio of 24.29, a PEG ratio of 1.40 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 Inc has a one year low of $144.25 and a one year high of $207.60.
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, beating the 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 during the quarter, compared to analysts’ expectations of $23.65 billion. During the same quarter in the prior year, the company earned $1.44 EPS. Home Depot’s revenue was up 7.5% compared to the same quarter last year. research analysts forecast that Home Depot Inc will post 9.44 EPS for the current fiscal year.
Home Depot announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, March 7th. This is a boost from Home Depot’s previous quarterly dividend of $0.89. Home Depot’s dividend payout ratio is currently 55.68%.
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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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