Gradient Investments LLC increased its holdings in shares of Home Depot Inc (NYSE:HD) by 18.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,126 shares of the home improvement retailer’s stock after buying an additional 2,399 shares during the quarter. Gradient Investments LLC’s holdings in Home Depot were worth $3,510,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Haverford Trust Co. increased its holdings in Home Depot by 48.3% in the 2nd quarter. Haverford Trust Co. now owns 85,280 shares of the home improvement retailer’s stock worth $17,736,000 after purchasing an additional 27,760 shares in the last quarter. Carroll Financial Associates Inc. increased its holdings in Home Depot by 2.0% in the 2nd quarter. Carroll Financial Associates Inc. now owns 10,769 shares of the home improvement retailer’s stock worth $2,239,000 after purchasing an additional 216 shares in the last quarter. Berkeley Capital Partners LLC increased its holdings in Home Depot by 22.0% in the 2nd quarter. Berkeley Capital Partners LLC now owns 5,521 shares of the home improvement retailer’s stock worth $1,148,000 after purchasing an additional 996 shares in the last quarter. BB&T Securities LLC increased its holdings in Home Depot by 3.8% in the 2nd quarter. BB&T Securities LLC now owns 257,070 shares of the home improvement retailer’s stock worth $53,462,000 after purchasing an additional 9,329 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Home Depot by 2.8% in the 1st quarter. First Trust Advisors LP now owns 435,297 shares of the home improvement retailer’s stock worth $83,529,000 after purchasing an additional 11,951 shares in the last quarter. Institutional investors and hedge funds own 69.92% of the company’s stock.
In related news, EVP William G. Lennie sold 9,200 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the sale, the executive vice president now owns 84,123 shares in the company, valued at approximately $18,511,266.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Carol B. Tome sold 145,400 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total value of $31,848,416.00. Following the sale, the chief financial officer now owns 496,374 shares in the company, valued at approximately $108,725,760.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 177,508 shares of company stock worth $39,076,428. 0.27% of the stock is owned by corporate insiders.
Shares of HD stock opened at $234.50 on Friday. The stock has a market cap of $248.24 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.22 and a beta of 1.05. The stock has a 50-day moving average of $227.40 and a 200-day moving average of $209.35. Home Depot Inc has a 1-year low of $158.09 and a 1-year high of $235.49.
Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, beating the consensus estimate of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The company had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. During the same quarter in the prior year, the company earned $3.05 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Home Depot Inc will post 10.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, September 4th. This represents a $5.44 annualized dividend and a dividend yield of 2.32%. Home Depot’s payout ratio is 55.01%.
A number of equities analysts have issued reports on the company. Wedbush reaffirmed a “neutral” rating and issued a $230.00 target price (up previously from $190.00) on shares of Home Depot in a report on Wednesday, August 21st. KeyCorp reaffirmed a “hold” rating on shares of Home Depot in a report on Wednesday, August 21st. Argus set a $240.00 target price on Home Depot and gave the stock a “buy” rating in a report on Wednesday, August 21st. Guggenheim cut Home Depot from a “buy” rating to a “neutral” rating in a report on Tuesday, September 17th. Finally, Oppenheimer upped their target price on Home Depot from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $226.65.
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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