Swedbank increased its holdings in Home Depot Inc (NYSE:HD) by 11.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 719,398 shares of the home improvement retailer’s stock after buying an additional 73,889 shares during the period. Swedbank owned about 0.06% of Home Depot worth $149,023,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Fiera Capital Corp boosted its stake in Home Depot by 83.7% during 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 stake in Home Depot by 4.2% during 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 stake in Home Depot by 3.3% during 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 stake in Home Depot by 1.9% during 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 stake in Home Depot by 3.3% during 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. 69.85% of the stock is owned by institutional investors and hedge funds.
HD stock opened at $172.79 on Friday. Home Depot Inc has a 52 week low of $167.00 and a 52 week high of $215.43. The stock has a market cap of $198.75 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 1.38 and a beta of 1.26. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09.
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 analysts’ consensus estimates 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 period in the previous year, the firm earned $1.84 EPS. Home Depot’s revenue was up 5.1% on a year-over-year basis. On average, research analysts expect that Home Depot Inc will post 9.79 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Wednesday, November 28th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.38%. Home Depot’s dividend payout ratio (DPR) is 55.23%.
In related news, EVP Ann Marie Campbell sold 13,457 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $172.64, for a total value of $2,323,216.48. Following the sale, the executive vice president now directly owns 56,198 shares in the company, valued at approximately $9,702,022.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the acquisition, the director now directly owns 3,000 shares in the company, valued at $508,860. The disclosure for this purchase can be found here. Insiders have acquired a total of 13,750 shares of company stock worth $2,401,470 over the last 90 days. 0.25% of the stock is owned by insiders.
A number of research firms have issued reports on HD. Wells Fargo & Co reissued a “buy” rating and set a $230.00 target price on shares of Home Depot in a research note on Sunday, September 16th. Jefferies Financial Group began coverage on shares of Home Depot in a research note on Tuesday, August 21st. They set a “buy” rating and a $228.00 target price for the company. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a research note on Friday, October 5th. Citigroup boosted their target price on shares of Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, August 10th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $203.00 target price on shares of Home Depot in a research note on Thursday, August 16th. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $206.67.
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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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