Quantbot Technologies LP acquired a new position in The Home Depot, Inc. (NYSE:HD – Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,722 shares of the home improvement retailer's stock, valued at approximately $2,682,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Heartwood Wealth Advisors LLC increased its holdings in shares of Home Depot by 4.1% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,582 shares of the home improvement retailer's stock valued at $437,000 after purchasing an additional 63 shares during the period. Adell Harriman & Carpenter Inc. lifted its position in Home Depot by 7.6% in the second quarter. Adell Harriman & Carpenter Inc. now owns 62,508 shares of the home improvement retailer's stock worth $17,144,000 after purchasing an additional 4,419 shares during the period. Baystate Wealth Management LLC lifted its position in Home Depot by 0.9% in the second quarter. Baystate Wealth Management LLC now owns 4,784 shares of the home improvement retailer's stock worth $1,312,000 after purchasing an additional 41 shares during the period. LeJeune Puetz Investment Counsel LLC raised its stake in Home Depot by 9.3% during the second quarter. LeJeune Puetz Investment Counsel LLC now owns 10,600 shares of the home improvement retailer's stock worth $2,907,000 after acquiring an additional 905 shares in the last quarter. Finally, Gabalex Capital Management LLC increased its stake in shares of Home Depot by 5.3% in the second quarter. Gabalex Capital Management LLC now owns 50,000 shares of the home improvement retailer's stock valued at $13,714,000 after buying an additional 2,500 shares in the last quarter. 68.31% of the stock is owned by institutional investors and hedge funds.
Get Home Depot alerts:Wall Street Analysts Forecast Growth
A number of brokerages recently commented on HD. Credit Suisse Group started coverage on Home Depot in a research report on Tuesday, December 20th. They issued a "neutral" rating and a $335.00 price objective for the company. Raymond James cut Home Depot from an "outperform" rating to a "market perform" rating in a report on Wednesday, November 16th. Exane BNP Paribas cut Home Depot from an "outperform" rating to a "neutral" rating and set a $286.00 target price on the stock. in a research note on Wednesday, October 19th. Cowen boosted their price target on Home Depot from $350.00 to $379.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 13th. Finally, Guggenheim lowered their price target on Home Depot to $335.00 in a research report on Thursday, November 17th. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $341.24.
Insiders Place Their Bets
In related news, Director Paula Santilli bought 1,583 shares of the company's stock in a transaction dated Wednesday, November 16th. The shares were bought at an average price of $315.80 per share, for a total transaction of $499,911.40. Following the completion of the acquisition, the director now directly owns 1,583 shares of the company's stock, valued at $499,911.40. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Home Depot news, EVP Fahim Siddiqui sold 2,000 shares of the firm's stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total value of $622,580.00. Following the completion of the sale, the executive vice president now directly owns 3,928 shares of the company's stock, valued at $1,222,747.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paula Santilli bought 1,583 shares of the firm's stock in a transaction on Wednesday, November 16th. The stock was purchased at an average cost of $315.80 per share, with a total value of $499,911.40. Following the completion of the transaction, the director now directly owns 1,583 shares of the company's stock, valued at $499,911.40. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company's stock.Home Depot Trading Down 0.3 %
NYSE HD opened at $313.02 on Friday. The business has a 50 day simple moving average of $320.91 and a 200 day simple moving average of $303.15. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $374.67. The stock has a market capitalization of $320.45 billion, a P/E ratio of 18.92, a P/E/G ratio of 1.70 and a beta of 0.95. The company has a debt-to-equity ratio of 32.16, a current ratio of 1.39 and a quick ratio of 0.33.
Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.13. The business had revenue of $38.87 billion for the quarter, compared to analyst estimates of $37.96 billion. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The company's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.92 earnings per share. Research analysts expect that The Home Depot, Inc. will post 16.64 earnings per share for the current year.
Home Depot Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were issued a $1.90 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $7.60 annualized dividend and a yield of 2.43%. Home Depot's payout ratio is currently 45.81%.
Home Depot Company Profile
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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.
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