Private Asset Management Inc. raised its holdings in shares of Home Depot Inc (NYSE:HD) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,376 shares of the home improvement retailer’s stock after purchasing an additional 2,396 shares during the quarter. Home Depot accounts for approximately 3.0% of Private Asset Management Inc.’s portfolio, making the stock its 6th largest position. Private Asset Management Inc.’s holdings in Home Depot were worth $19,136,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Amussen Hunsaker Associates LLC bought a new position in shares of Home Depot during the second quarter valued at $107,000. CSat Investment Advisory L.P. bought a new position in shares of Home Depot during the second quarter valued at $112,000. Mainstay Capital Management LLC ADV increased its holdings in shares of Home Depot by 203.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock valued at $116,000 after acquiring an additional 400 shares in the last quarter. RPg Family Wealth Advisory LLC increased its holdings in shares of Home Depot by 84.6% during the second quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock valued at $117,000 after acquiring an additional 275 shares in the last quarter. Finally, Institutional & Family Asset Management LLC bought a new position in shares of Home Depot during the first quarter valued at $108,000. Institutional investors and hedge funds own 69.52% of the company’s stock.
In related news, Director Manuel Kadre acquired 2,000 shares of the stock in a transaction dated Wednesday, November 14th. The shares were purchased at an average cost of $177.48 per share, with a total value of $354,960.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $354,960. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Craig A. Menear sold 117,327 shares of Home Depot stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total value of $21,168,137.34. Following the transaction, the chief executive officer now directly owns 264,970 shares in the company, valued at $47,805,887.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 13,750 shares of company stock worth $2,401,470. Insiders own 0.25% of the company’s stock.
Home Depot stock opened at $175.66 on Friday. The stock has a market cap 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 Inc has a 52-week low of $167.00 and a 52-week high of $215.43. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 17.68.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.24. The business had revenue of $26.30 billion during the quarter, compared to the consensus estimate of $26.23 billion. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.84 EPS. On average, sell-side analysts expect that Home Depot Inc will post 9.79 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be given a dividend of $1.03 per share. The ex-dividend date is Wednesday, November 28th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.35%. Home Depot’s payout ratio is currently 55.23%.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Deutsche Bank reduced their price objective on Home Depot from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. UBS Group reduced their price objective on Home Depot from $225.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. Citigroup reduced their price objective on Home Depot from $227.00 to $226.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. Finally, Credit Suisse Group reduced their price objective on Home Depot from $204.00 to $194.00 and set a “neutral” rating for the company in a report on Thursday, November 15th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Home Depot has a consensus rating of “Buy” and an average target price of $205.43.
Home Depot Profile
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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