Signet Financial Management LLC trimmed its position in Home Depot Inc (NYSE:HD) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,502 shares of the home improvement retailer’s stock after selling 150 shares during the quarter. Signet Financial Management LLC’s holdings in Home Depot were worth $2,148,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Home Depot by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 82,981,380 shares of the home improvement retailer’s stock worth $17,189,593,000 after purchasing an additional 278,763 shares in the last quarter. Vanguard Group Inc grew its stake in Home Depot by 0.3% in the third quarter. Vanguard Group Inc now owns 82,981,380 shares of the home improvement retailer’s stock valued at $17,189,593,000 after acquiring an additional 278,763 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Home Depot by 8,331.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock valued at $125,000 after acquiring an additional 21,212,570 shares during the period. Northern Trust Corp grew its stake in Home Depot by 2.1% in the fourth quarter. Northern Trust Corp now owns 16,698,638 shares of the home improvement retailer’s stock valued at $2,869,160,000 after acquiring an additional 346,858 shares during the period. Finally, Geode Capital Management LLC grew its stake in Home Depot by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 13,270,963 shares of the home improvement retailer’s stock valued at $2,276,081,000 after acquiring an additional 472,136 shares during the period. Hedge funds and other institutional investors own 69.43% of the company’s stock.
In related news, CFO Carol B. Tome sold 26,334 shares of Home Depot stock in a transaction on Friday, May 31st. The stock was sold at an average price of $189.17, for a total transaction of $4,981,602.78. Following the sale, the chief financial officer now directly owns 519,253 shares in the company, valued at $98,227,090.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 8,500 shares of Home Depot stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $194.38, for a total value of $1,652,230.00. Following the sale, the executive vice president now owns 13,357 shares in the company, valued at $2,596,333.66. The disclosure for this sale can be found here. Insiders have sold 47,834 shares of company stock worth $9,146,733 over the last quarter. 0.27% of the stock is currently owned by corporate insiders.
HD stock opened at $198.94 on Thursday. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $215.43. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.26 and a current ratio of 1.04. The company has a market capitalization of $217.87 billion, a PE ratio of 20.12, a P/E/G ratio of 1.82 and a beta of 1.11.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.10. The company had revenue of $26.38 billion for the quarter, compared to analyst estimates of $26.34 billion. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $2.08 earnings per share. Equities research analysts anticipate that Home Depot Inc will post 10.1 EPS for the current fiscal year.
Home Depot declared that its Board of Directors has authorized a stock buyback plan on Tuesday, February 26th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $5.44 dividend on an annualized basis and a yield of 2.73%. Home Depot’s dividend payout ratio (DPR) is currently 55.01%.
A number of equities research analysts have commented on the company. Citigroup reduced their price objective on Home Depot from $224.00 to $218.00 and set a “buy” rating for the company in a research note on Monday, April 1st. Zacks Investment Research cut Home Depot from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Stifel Nicolaus raised their price objective on Home Depot from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Robert W. Baird reissued a “positive” rating on shares of Home Depot in a research note on Thursday, April 25th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $192.00 target price on shares of Home Depot in a report on Wednesday, May 1st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $205.29.
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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