Van Lanschot Kempen Investment Management N.V. decreased its stake in The Home Depot, Inc. (NYSE:HD – Free Report) by 37.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 66,200 shares of the home improvement retailer’s stock after selling 40,406 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Home Depot were worth $24,262,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of HD. Asset Planning Services Inc. LA ADV lifted its position in shares of Home Depot by 99,400.7% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer’s stock valued at $6,954,431,000 after acquiring an additional 18,956,701 shares in the last quarter. GAMMA Investing LLC raised its stake in Home Depot by 39,194.1% during the 1st quarter. GAMMA Investing LLC now owns 10,236,903 shares of the home improvement retailer’s stock valued at $37,517,230,000 after purchasing an additional 10,210,851 shares during the period. Nuveen LLC acquired a new stake in Home Depot during the 1st quarter valued at $2,076,592,000. Northern Trust Corp lifted its holdings in shares of Home Depot by 13.3% in the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new stake in shares of Home Depot in the fourth quarter worth $471,189,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.
Insider Buying and Selling
In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of the firm’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president owned 17,367 shares in the company, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Fahim Siddiqui sold 2,600 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total transaction of $954,564.00. Following the transaction, the executive vice president owned 7,951 shares of the company’s stock, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.
Home Depot Stock Performance
Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.63 earnings per share. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.
Home Depot Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a yield of 2.3%. Home Depot’s dividend payout ratio (DPR) is 62.42%.
Analyst Upgrades and Downgrades
HD has been the topic of several recent analyst reports. DA Davidson dropped their price target on Home Depot from $470.00 to $450.00 in a research report on Tuesday, May 20th. JPMorgan Chase & Co. upped their target price on Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Evercore ISI set a $400.00 price target on shares of Home Depot and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Jefferies Financial Group lowered their price objective on shares of Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th. Finally, TD Securities lowered shares of Home Depot to a “buy” rating in a research note on Monday, June 2nd. Six investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $427.76.
Get Our Latest Research Report on Home Depot
Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.
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