Boenning & Scattergood Inc. grew its position in Home Depot Inc (NYSE:HD) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,997 shares of the home improvement retailer’s stock after purchasing an additional 1,073 shares during the quarter. Home Depot makes up approximately 1.6% of Boenning & Scattergood Inc.’s portfolio, making the stock its 10th largest holding. Boenning & Scattergood Inc.’s holdings in Home Depot were worth $5,179,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Amussen Hunsaker Associates LLC bought a new position in Home Depot during the second quarter worth $107,000. CSat Investment Advisory L.P. bought a new position in Home Depot during the second quarter worth $112,000. Mainstay Capital Management LLC ADV increased its position in 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 worth $116,000 after acquiring an additional 400 shares during the period. RPg Family Wealth Advisory LLC increased its position in 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 worth $117,000 after acquiring an additional 275 shares during the period. Finally, Fort L.P. bought a new position in Home Depot during the second quarter worth $120,000. 69.52% of the stock is currently owned by institutional investors.
In other news, Director Manuel Kadre bought 2,000 shares of Home Depot stock in a transaction dated Wednesday, November 14th. The shares were bought at an average price of $177.48 per share, for a total transaction of $354,960.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at $354,960. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Craig A. Menear sold 117,327 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the completion of the sale, the chief executive officer now owns 264,970 shares in the company, valued at approximately $47,805,887.40. The disclosure for this sale can be found here. Insiders bought a total of 13,750 shares of company stock worth $2,401,470 in the last 90 days. 0.25% of the stock is owned by corporate insiders.
Shares of NYSE:HD opened at $180.32 on Monday. Home Depot Inc has a 52 week low of $167.00 and a 52 week high of $215.43. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09. The firm has a market capitalization of $203.68 billion, a PE ratio of 24.17, a PEG ratio of 1.41 and a beta of 1.26.
Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The company had revenue of $26.30 billion for the quarter, compared to the consensus estimate of $26.23 billion. During the same quarter in the previous year, the company earned $1.84 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Home Depot Inc will post 9.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be paid a $1.03 dividend. The ex-dividend date is Wednesday, November 28th. This represents a $4.12 annualized dividend and a dividend yield of 2.28%. Home Depot’s dividend payout ratio is presently 55.23%.
A number of equities analysts recently issued reports on HD shares. Citigroup boosted their target price on shares of Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, August 10th. Piper Jaffray Companies reiterated a “hold” rating and set a $203.00 price target on shares of Home Depot in a research note on Thursday, August 16th. Jefferies Financial Group assumed coverage on shares of Home Depot in a research note on Tuesday, August 21st. They set a “buy” rating and a $228.00 price target on the stock. Wells Fargo & Co reiterated a “buy” rating and set a $230.00 price target on shares of Home Depot in a research note on Sunday, September 16th. Finally, Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a research note on Friday, October 5th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $205.43.
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Home Depot Company 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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