Boston Common Asset Management LLC reduced its holdings in shares of Home Depot Inc (NYSE:HD) by 8.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,565 shares of the home improvement retailer’s stock after selling 4,953 shares during the quarter. Home Depot accounts for 1.3% of Boston Common Asset Management LLC’s portfolio, making the stock its 18th largest position. Boston Common Asset Management LLC’s holdings in Home Depot were worth $10,475,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Home Depot by 4.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 176,250 shares of the home improvement retailer’s stock valued at $36,513,000 after purchasing an additional 7,822 shares during the period. Summit X LLC boosted its stake in shares of Home Depot by 12.9% in the third quarter. Summit X LLC now owns 4,649 shares of the home improvement retailer’s stock valued at $961,000 after purchasing an additional 531 shares during the period. Youngs Advisory Group Inc. purchased a new position in shares of Home Depot in the third quarter valued at $223,000. Hartford Financial Management Inc. boosted its stake in shares of Home Depot by 12.1% in the third quarter. Hartford Financial Management Inc. now owns 23,529 shares of the home improvement retailer’s stock valued at $4,874,000 after purchasing an additional 2,548 shares during the period. Finally, Willingdon Wealth Management boosted its stake in shares of Home Depot by 9.2% in the third quarter. Willingdon Wealth Management now owns 17,870 shares of the home improvement retailer’s stock valued at $3,702,000 after purchasing an additional 1,508 shares during the period. Institutional investors own 69.72% of the company’s stock.
HD has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a research note on Friday, October 5th. Wells Fargo & Co restated a “buy” rating and issued a $230.00 target price on shares of Home Depot in a research note on Sunday, September 16th. UBS Group decreased their target price on shares of Home Depot from $225.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. Citigroup decreased their target price on shares of Home Depot from $227.00 to $226.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. Finally, Deutsche Bank decreased their target price on shares of Home Depot from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $204.60.
In other Home Depot news, CEO Craig A. Menear sold 117,327 shares of the stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the sale, the chief executive officer now directly owns 264,970 shares of the company’s stock, valued at $47,805,887.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Manuel Kadre bought 2,000 shares of the company’s stock in a transaction on Wednesday, November 14th. The shares were acquired at an average cost of $177.48 per share, for a total transaction of $354,960.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $354,960. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 13,750 shares of company stock worth $2,401,470 and have sold 137,987 shares worth $24,769,526. 0.25% of the stock is currently owned by corporate insiders.
HD opened at $179.41 on Friday. The firm has a market capitalization of $203.01 billion, a P/E ratio of 24.05, a P/E/G ratio of 1.42 and a beta of 1.17. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09. Home Depot Inc has a 12-month low of $158.09 and a 12-month high of $215.43.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.24. The firm had revenue of $26.30 billion for the quarter, compared to analysts’ expectations of $26.23 billion. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.84 earnings per share. As a group, equities research analysts anticipate that Home Depot Inc will post 9.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Wednesday, November 28th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.30%. Home Depot’s dividend payout ratio (DPR) is 55.23%.
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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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