Culbertson A N & Co. Inc. lifted its position in Home Depot Inc (NYSE:HD) by 42.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,998 shares of the home improvement retailer’s stock after buying an additional 600 shares during the period. Culbertson A N & Co. Inc.’s holdings in Home Depot were worth $327,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of HD. Jacobi Capital Management LLC grew its holdings in shares of Home Depot by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares in the last quarter. Glassman Wealth Services grew its stake in Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after purchasing an additional 300 shares in the last quarter. St. Johns Investment Management Company LLC grew its stake in Home Depot by 81.8% in the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock valued at $169,000 after purchasing an additional 495 shares in the last quarter. Mascoma Wealth Management LLC grew its stake in Home Depot by 0.6% in the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after purchasing an additional 7 shares in the last quarter. Finally, Acrospire Investment Management LLC grew its stake in Home Depot by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the home improvement retailer’s stock valued at $184,000 after purchasing an additional 900 shares in the last quarter. 70.14% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on HD. Oppenheimer reaffirmed a “buy” rating on shares of Home Depot in a research report on Tuesday, December 26th. BMO Capital Markets set a $191.00 price target on Home Depot and gave the stock a “buy” rating in a research report on Friday, December 15th. Guggenheim began coverage on Home Depot in a research report on Wednesday, December 13th. They set a “buy” rating and a $200.00 price objective for the company. Credit Suisse Group reissued a “hold” rating on shares of Home Depot in a research report on Tuesday, December 12th. Finally, Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $183.28.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. During the same quarter last year, the company earned $1.60 EPS. Home Depot’s revenue for the quarter was up 8.1% compared to the same quarter last year. equities analysts expect that Home Depot Inc will post 7.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were given a dividend of $0.89 per share. The ex-dividend date was Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 1.83%. Home Depot’s dividend payout ratio (DPR) is presently 49.38%.
Home Depot declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 6th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the sale, the executive vice president now directly owns 29,559 shares in the company, valued at $5,410,183.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.
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Home Depot Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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