Boenning & Scattergood Inc. Has $5.18 Million Stake in Home Depot Inc (HD)

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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