Vigilant Capital Management LLC Has $1.65 Million Position in Home Depot Inc (HD)

Vigilant Capital Management LLC boosted its stake in Home Depot Inc (NYSE:HD) by 29.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,967 shares of the home improvement retailer’s stock after buying an additional 1,829 shares during the quarter. Vigilant Capital Management LLC’s holdings in Home Depot were worth $1,650,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiera Capital Corp raised its position 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 buying an additional 3,125 shares during the last quarter. Amalgamated Bank raised its position 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 buying an additional 7,323 shares during the last quarter. Dupont Capital Management Corp raised its position 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 buying an additional 6,025 shares during the last quarter. Parsons Capital Management Inc. RI raised its position 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 buying an additional 938 shares during the last quarter. Finally, Physicians Financial Services Inc. raised its position 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 buying an additional 280 shares during the last quarter. 69.85% of the stock is owned by institutional investors and hedge funds.

HD stock opened at $172.79 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 17.68. The firm has a market cap of $198.75 billion, a PE ratio of 23.16, a PEG ratio of 1.38 and a beta of 1.26. Home Depot Inc has a fifty-two week low of $167.00 and a fifty-two week high of $215.43.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.24. The company 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 firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 EPS. On average, equities analysts forecast that Home Depot Inc will post 9.79 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Wednesday, November 28th. This represents a $4.12 annualized dividend and a dividend yield of 2.38%. Home Depot’s payout ratio is 55.23%.

A number of research analysts have issued reports on HD shares. Wells Fargo & Co restated a “buy” rating and issued a $230.00 price objective on shares of Home Depot in a research note on Sunday, September 16th. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a research note on Friday, October 5th. Credit Suisse Group restated a “neutral” rating and issued a $204.00 price objective (down previously from $222.00) on shares of Home Depot in a research note on Wednesday, October 17th. 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 research note on Wednesday, November 14th. Finally, Royal Bank of Canada reduced their price objective on Home Depot from $218.00 to $208.00 and set an “outperform” rating for the company in a research note on Monday, November 12th. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $206.67.

In other news, Director Wayne M. Hewett purchased 250 shares of the business’s stock in a transaction dated Wednesday, November 21st. The stock was bought at an average price of $169.62 per share, for a total transaction of $42,405.00. Following the purchase, the director now owns 3,000 shares of the company’s stock, valued at $508,860. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 13,457 shares of the stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $172.64, for a total value of $2,323,216.48. Following the transaction, the executive vice president now owns 56,198 shares of the company’s stock, valued at approximately $9,702,022.72. The disclosure for this sale can be found here. Insiders have bought a total of 13,750 shares of company stock valued at $2,401,470 in the last quarter. 0.25% of the stock is owned by corporate insiders.

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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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