Gulf International Bank UK Ltd decreased its stake in shares of Home Depot Inc (NYSE:HD) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 372,031 shares of the home improvement retailer’s stock after selling 8,060 shares during the quarter. Home Depot comprises 0.9% of Gulf International Bank UK Ltd’s holdings, making the stock its 16th biggest position. Gulf International Bank UK Ltd’s holdings in Home Depot were worth $70,511,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of HD. Jacobi Capital Management LLC grew its position in Home Depot by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares during the period. Burt Wealth Advisors grew its position in Home Depot by 83.5% during the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after buying an additional 396 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in 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 valued at $145,000 after buying an additional 340 shares during the period. Empire Life Investments Inc. grew its position in Home Depot by 233.4% during the third quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock valued at $157,000 after buying an additional 670 shares during the period. Finally, Glassman Wealth Services grew its position in Home Depot by 38.3% during the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 70.63% of the company’s stock.
In other Home Depot news, CEO Craig A. Menear sold 113,687 shares of Home Depot 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 directly owns 237,957 shares in the company, valued at $43,734,117.03. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 37,680 shares of Home Depot stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $186.26, for a total transaction of $7,018,276.80. Following the sale, the executive vice president now owns 53,459 shares of the company’s stock, valued at $9,957,273.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 169,027 shares of company stock valued at $31,220,882. Company insiders own 0.26% of the company’s stock.
Shares of Home Depot Inc (HD) opened at $178.35 on Wednesday. Home Depot Inc has a 12-month low of $144.25 and a 12-month high of $207.60. The firm has a market cap of $208,270.00, a PE ratio of 24.10, a price-to-earnings-growth 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 (NYSE:HD) last announced its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The business had revenue of $23.88 billion during the quarter, compared to analysts’ expectations of $23.65 billion. During the same period last year, the business earned $1.44 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. equities research analysts anticipate that Home Depot Inc will post 9.44 EPS for the current year.
Home Depot announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders 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 is a boost from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is currently 55.68%.
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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