Swedbank grew its holdings in Home Depot Inc (NYSE:HD) by 11.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 719,398 shares of the home improvement retailer’s stock after acquiring an additional 73,889 shares during the period. Swedbank’s holdings in Home Depot were worth $149,023,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Viridian Ria LLC raised its stake in Home Depot by 12.1% during the 2nd quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock valued at $465,000 after purchasing an additional 255 shares during the last quarter. Nadler Financial Group Inc. raised its stake in Home Depot by 11.6% during the 2nd quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock valued at $496,000 after purchasing an additional 264 shares during the last quarter. Exencial Wealth Advisors LLC raised its stake in Home Depot by 6.5% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock valued at $856,000 after purchasing an additional 266 shares during the last quarter. Bingham Osborn & Scarborough LLC raised its stake in Home Depot by 11.2% during the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock valued at $529,000 after purchasing an additional 273 shares during the last quarter. Finally, Burns J W & Co. Inc. NY raised its stake in Home Depot by 1.4% during the 2nd quarter. Burns J W & Co. Inc. NY now owns 20,081 shares of the home improvement retailer’s stock valued at $3,918,000 after purchasing an additional 275 shares during the last quarter. 69.85% of the stock is owned by institutional investors.
Shares of HD stock opened at $172.79 on Friday. Home Depot Inc has a 52-week low of $167.00 and a 52-week high of $215.43. The firm has a market capitalization of $198.75 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.26. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 17.68.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The company had revenue of $26.30 billion during the quarter, compared to analysts’ expectations of $26.23 billion. During the same quarter in the prior year, the company posted $1.84 EPS. The business’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that Home Depot Inc will post 9.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Wednesday, November 28th. Home Depot’s dividend payout ratio is 55.23%.
In other news, CEO Craig A. Menear sold 117,327 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total value of $21,168,137.34. Following the sale, the chief executive officer now owns 264,970 shares of the company’s stock, valued at approximately $47,805,887.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Wayne M. Hewett bought 250 shares of the stock in a transaction dated Wednesday, November 21st. The stock was purchased at an average cost of $169.62 per share, for a total transaction of $42,405.00. Following the acquisition, the director now owns 3,000 shares in the company, valued at approximately $508,860. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 13,750 shares of company stock valued at $2,401,470. Corporate insiders own 0.25% of the company’s stock.
Several equities analysts recently commented on HD shares. Citigroup upped their target price on shares of Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, August 10th. Piper Jaffray Companies reiterated a “hold” rating and set a $203.00 target price on shares of Home Depot in a research note on Thursday, August 16th. Jefferies Financial Group started coverage on shares of Home Depot in a research note on Tuesday, August 21st. They set a “buy” rating and a $228.00 target price for the company. Wells Fargo & Co reiterated a “buy” rating and set a $230.00 target price on shares of Home Depot in a research note on Sunday, September 16th. Finally, 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. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Home Depot has an average rating of “Buy” and a consensus price target of $206.67.
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Home Depot 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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