Pensionfund DSM Netherlands cut its stake in shares of Home Depot Inc (NYSE:HD) by 14.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,700 shares of the home improvement retailer’s stock after selling 5,000 shares during the quarter. Home Depot makes up approximately 1.1% of Pensionfund DSM Netherlands’ portfolio, making the stock its 11th biggest position. Pensionfund DSM Netherlands’ holdings in Home Depot were worth $6,152,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in HD. FMR LLC boosted its holdings in Home Depot by 0.4% in the second quarter. FMR LLC now owns 28,997,912 shares of the home improvement retailer’s stock valued at $5,657,493,000 after purchasing an additional 109,499 shares in the last quarter. Morgan Stanley boosted its holdings in Home Depot by 11.4% in the second quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock valued at $1,889,985,000 after purchasing an additional 991,466 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Home Depot by 2.6% in the second quarter. Fisher Asset Management LLC now owns 4,326,599 shares of the home improvement retailer’s stock valued at $844,119,000 after purchasing an additional 108,535 shares in the last quarter. Swiss National Bank boosted its holdings in Home Depot by 2.9% in the second quarter. Swiss National Bank now owns 4,045,615 shares of the home improvement retailer’s stock valued at $789,299,000 after purchasing an additional 115,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Home Depot by 3.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,889,146 shares of the home improvement retailer’s stock valued at $758,772,000 after purchasing an additional 114,785 shares in the last quarter. 69.52% of the stock is owned by institutional investors and hedge funds.
In related news, Director Wayne M. Hewett purchased 250 shares of the business’s stock in a transaction dated Wednesday, November 21st. The stock was acquired at an average price of $169.62 per share, for a total transaction of $42,405.00. Following the completion of the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at $508,860. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Manuel Kadre purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, November 14th. The shares were bought at an average price of $177.48 per share, with a total value of $354,960.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $354,960. The disclosure for this purchase can be found here. Insiders have bought 13,750 shares of company stock valued at $2,401,470 in the last 90 days. Company insiders own 0.25% of the company’s stock.
Shares of NYSE HD opened at $175.66 on Friday. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28. Home Depot Inc has a twelve month low of $167.00 and a twelve month high of $215.43. The company has a market capitalization of $200.41 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.39 and a beta of 1.26.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.24. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The business had revenue of $26.30 billion during the quarter, compared to analysts’ expectations of $26.23 billion. During the same quarter in the prior year, the business earned $1.84 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Home Depot Inc will post 9.79 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Wednesday, November 28th. Home Depot’s dividend payout ratio (DPR) is presently 55.23%.
HD has been the subject of a number of research analyst reports. Zacks Investment Research raised Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price target for the company in a report on Friday, October 5th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $230.00 price target on shares of Home Depot in a report on Sunday, September 16th. Bank of America downgraded Home Depot from a “buy” rating to a “neutral” rating and lowered their price target for the company from $219.00 to $195.00 in a report on Friday, November 16th. Morgan Stanley upped their price target on Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, October 11th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $204.00 price objective (down previously from $222.00) on shares of Home Depot in a research note on Wednesday, October 17th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $205.43.
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About Home Depot
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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