Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Home Depot Inc (NYSE:HD) by 7.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 112,617 shares of the home improvement retailer’s stock after buying an additional 7,983 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Home Depot were worth $21,971,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. HC Financial Advisors Inc. acquired a new stake in shares of Home Depot in the fourth quarter valued at about $3,778,000. Profund Advisors LLC grew its position in shares of Home Depot by 23.9% in the fourth quarter. Profund Advisors LLC now owns 50,369 shares of the home improvement retailer’s stock valued at $9,546,000 after purchasing an additional 9,714 shares during the period. Aristotle Capital Management LLC boosted its position in Home Depot by 2.3% during the fourth quarter. Aristotle Capital Management LLC now owns 2,379,985 shares of the home improvement retailer’s stock worth $451,079,000 after acquiring an additional 54,641 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Home Depot by 1.8% during the fourth quarter. Thrivent Financial For Lutherans now owns 266,230 shares of the home improvement retailer’s stock worth $50,458,000 after acquiring an additional 4,693 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in Home Depot during the fourth quarter worth about $208,000. 68.96% of the stock is owned by institutional investors.
A number of equities analysts recently weighed in on HD shares. UBS Group boosted their price target on shares of Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, June 20th. ValuEngine upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Loop Capital set a $200.00 price target on shares of Home Depot and gave the stock a “hold” rating in a research report on Wednesday, July 11th. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price target on the stock in a research report on Tuesday, July 17th. Finally, Citigroup boosted their price target 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. Seven investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Home Depot currently has a consensus rating of “Buy” and an average target price of $205.92.
In other Home Depot news, EVP William G. Lennie sold 10,854 shares of Home Depot stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the transaction, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Carey sold 4,125 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total transaction of $806,148.75. Following the completion of the sale, the executive vice president now directly owns 60,179 shares in the company, valued at $11,760,781.97. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.
Shares of HD stock opened at $207.52 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60. Home Depot Inc has a 12 month low of $160.14 and a 12 month high of $215.43. The stock has a market cap of $237.97 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 1.64 and a beta of 1.10.
Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The company had revenue of $30.46 billion for the quarter, compared to the consensus estimate of $30.04 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. Home Depot’s quarterly revenue was up 8.4% compared to the same quarter last year. research analysts anticipate that Home Depot Inc will post 9.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Wednesday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 55.23%.
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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