Monument Capital Management increased its stake in Home Depot Inc (NYSE:HD) by 8.4% during the 4th quarter, Holdings Channel reports. The firm owned 12,179 shares of the home improvement retailer’s stock after acquiring an additional 940 shares during the period. Monument Capital Management’s holdings in Home Depot were worth $2,093,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in HD. Waldron Private Wealth LLC increased its position in Home Depot by 2.7% in the 3rd quarter. Waldron Private Wealth LLC now owns 2,308 shares of the home improvement retailer’s stock valued at $478,000 after acquiring an additional 60 shares during the period. Cohen Lawrence B increased its position in Home Depot by 4.6% in the 4th quarter. Cohen Lawrence B now owns 1,658 shares of the home improvement retailer’s stock valued at $285,000 after acquiring an additional 73 shares during the period. Chesley Taft & Associates LLC increased its position in Home Depot by 0.3% in the 4th quarter. Chesley Taft & Associates LLC now owns 22,790 shares of the home improvement retailer’s stock valued at $3,916,000 after acquiring an additional 79 shares during the period. Marquette Asset Management LLC increased its position in Home Depot by 4.8% in the 3rd quarter. Marquette Asset Management LLC now owns 1,968 shares of the home improvement retailer’s stock valued at $408,000 after acquiring an additional 91 shares during the period. Finally, Pure Financial Advisors Inc. increased its position in Home Depot by 1.7% in the 4th quarter. Pure Financial Advisors Inc. now owns 5,994 shares of the home improvement retailer’s stock valued at $1,030,000 after acquiring an additional 99 shares during the period. 68.22% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on HD. Bank of America set a $195.00 price target on Home Depot and gave the company a “hold” rating in a research report on Monday, December 10th. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Monday, December 31st. Edward Jones upgraded Home Depot from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Credit Suisse Group set a $194.00 price target on Home Depot and gave the company a “hold” rating in a research report on Tuesday, February 26th. Finally, Telsey Advisory Group cut Home Depot from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $205.00 to $192.00 in a research report on Wednesday, February 27th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $203.41.
HD opened at $182.23 on Friday. The firm has a market cap of $205.83 billion, a PE ratio of 18.43, a P/E/G ratio of 1.58 and a beta of 1.09. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.11 and a quick ratio of 0.28. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $215.43.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.09. The business had revenue of $26.49 billion during the quarter, compared to analyst estimates of $26.57 billion. Home Depot had a return on equity of 1,441.05% and a net margin of 10.28%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $1.69 EPS. Equities research analysts forecast that Home Depot Inc will post 10.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be paid a dividend of $1.36 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $1.03. This represents a $5.44 annualized dividend and a dividend yield of 2.99%. Home Depot’s dividend payout ratio (DPR) is currently 55.01%.
Home Depot announced that its Board of Directors has approved a stock buyback program on Tuesday, February 26th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, EVP Ann Marie Campbell sold 5,450 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $184.67, for a total transaction of $1,006,451.50. Following the completion of the sale, the executive vice president now directly owns 51,030 shares of the company’s stock, valued at approximately $9,423,710.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Edward P. Decker sold 23,744 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $182.93, for a total value of $4,343,489.92. Following the sale, the executive vice president now directly owns 86,813 shares of the company’s stock, valued at $15,880,702.09. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,194 shares of company stock valued at $7,553,141. Corporate insiders own 0.25% of the company’s stock.
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.
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