National Pension Service raised its stake in Home Depot Inc (NYSE:HD) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,000,796 shares of the home improvement retailer’s stock after acquiring an additional 11,847 shares during the period. Home Depot makes up 0.9% of National Pension Service’s portfolio, making the stock its 17th biggest position. National Pension Service owned approximately 0.09% of Home Depot worth $189,681,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in shares of Home Depot by 2,013.2% during the second quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after buying an additional 3,162,631 shares during the last quarter. Capital International Investors lifted its holdings in Home Depot by 132.5% in the third quarter. Capital International Investors now owns 3,268,036 shares of the home improvement retailer’s stock valued at $534,520,000 after acquiring an additional 1,862,134 shares during the period. Stifel Financial Corp lifted its holdings in Home Depot by 8,118.8% in the third quarter. Stifel Financial Corp now owns 1,174,227 shares of the home improvement retailer’s stock valued at $191,976,000 after acquiring an additional 1,159,940 shares during the period. Westfield Capital Management Co. LP bought a new position in Home Depot in the second quarter valued at about $133,780,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in Home Depot by 35.2% in the second quarter. Parametric Portfolio Associates LLC now owns 3,265,338 shares of the home improvement retailer’s stock valued at $500,903,000 after acquiring an additional 850,074 shares during the period. 70.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Home Depot Inc (HD) opened at $179.71 on Tuesday. 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 1 year low of $144.25 and a 1 year high of $207.60. The stock has a market capitalization of $212,717.17, a PE ratio of 24.45, a P/E/G ratio of 1.40 and a beta of 1.14.
Home Depot announced that its board has initiated a stock repurchase program on Wednesday, December 6th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $4.12 annualized dividend and a dividend yield of 2.29%. This is a boost from Home Depot’s previous quarterly dividend of $0.89. Home Depot’s dividend payout ratio (DPR) is currently 56.59%.
In related news, EVP Ann Marie Campbell sold 37,680 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $186.26, for a total transaction of $7,018,276.80. Following the completion of the sale, the executive vice president now owns 53,459 shares in the company, valued at $9,957,273.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Armando M. Codina bought 6,650 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average price of $178.66 per share, with a total value of $1,188,089.00. Following the transaction, the director now directly owns 42,300 shares of the company’s stock, valued at approximately $7,557,318. The disclosure for this purchase can be found here. Insiders have sold 169,027 shares of company stock valued at $31,220,882 in the last quarter. 0.26% of the stock is currently owned by company insiders.
A number of research analysts have weighed in on HD shares. Oppenheimer set a $178.00 target price on Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. Robert W. Baird set a $185.00 target price on Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. They noted that the move was a valuation call. Telsey Advisory Group increased their target price on Home Depot from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. Royal Bank of Canada increased their target price on Home Depot from $183.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. Finally, UBS Group reissued a “buy” rating and issued a $186.00 target price (up previously from $175.00) on shares of Home Depot in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $193.15.
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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