Monument Capital Management cut its position in Home Depot Inc (NYSE:HD) by 33.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,701 shares of the home improvement retailer’s stock after selling 3,402 shares during the quarter. Monument Capital Management’s holdings in Home Depot were worth $1,388,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of HD. Fiera Capital Corp boosted its holdings in Home Depot by 83.7% in the 2nd quarter. Fiera Capital Corp now owns 6,860 shares of the home improvement retailer’s stock valued at $1,338,000 after purchasing an additional 3,125 shares during the period. Amalgamated Bank boosted its holdings in Home Depot by 4.2% in the 2nd quarter. Amalgamated Bank now owns 180,040 shares of the home improvement retailer’s stock valued at $35,126,000 after purchasing an additional 7,323 shares during the period. Dupont Capital Management Corp boosted its holdings in Home Depot by 3.3% in the 2nd quarter. Dupont Capital Management Corp now owns 190,998 shares of the home improvement retailer’s stock valued at $37,264,000 after purchasing an additional 6,025 shares during the period. Parsons Capital Management Inc. RI boosted its holdings in Home Depot by 1.9% in the 2nd quarter. Parsons Capital Management Inc. RI now owns 49,045 shares of the home improvement retailer’s stock valued at $9,569,000 after purchasing an additional 938 shares during the period. Finally, Physicians Financial Services Inc. boosted its holdings in Home Depot by 3.3% in the 2nd quarter. Physicians Financial Services Inc. now owns 8,676 shares of the home improvement retailer’s stock valued at $1,693,000 after purchasing an additional 280 shares during the period. Institutional investors and hedge funds own 69.85% of the company’s stock.
HD has been the subject of a number of research reports. Wells Fargo & Co reissued a “buy” rating and issued a $230.00 price target on shares of Home Depot in a report on Sunday, September 16th. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a report on Friday, October 5th. Credit Suisse Group reaffirmed a “neutral” rating and set a $204.00 price objective (down from $222.00) on shares of Home Depot in a report on Wednesday, October 17th. UBS Group reduced their price objective on shares of Home Depot from $225.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. Finally, Royal Bank of Canada reduced their price objective on shares of Home Depot from $218.00 to $208.00 and set an “outperform” rating for the company in a report on Monday, November 12th. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Home Depot currently has an average rating of “Buy” and a consensus target price of $206.67.
NYSE:HD opened at $172.79 on Friday. The stock has a market cap of $198.75 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.26. 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 Inc has a 52 week low of $167.00 and a 52 week high of $215.43.
Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.24. The business had revenue of $26.30 billion during the quarter, compared to analysts’ expectations of $26.23 billion. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.84 EPS. On average, equities research analysts expect 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. Investors of record on Thursday, November 29th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Wednesday, November 28th. Home Depot’s dividend payout ratio (DPR) is currently 55.23%.
In other news, Director Wayne M. Hewett bought 250 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $508,860. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Manuel Kadre bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The shares were purchased at an average price 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 disclosure for this purchase can be found here. Insiders have purchased a total of 13,750 shares of company stock valued at $2,401,470 in the last quarter. 0.25% of the stock is currently owned by corporate insiders.
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.
Further Reading: Quiet Period
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