Boyd Watterson Asset Management LLC OH raised its holdings in shares of Home Depot Inc (NYSE:HD) by 19.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,976 shares of the home improvement retailer’s stock after purchasing an additional 800 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Home Depot were worth $1,087,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Enterprise Trust & Investment Co purchased a new position in shares of Home Depot in the 3rd quarter worth $27,000. Julex Capital Management LLC purchased a new position in shares of Home Depot in the 3rd quarter worth $29,000. Belmont Capital LLC purchased a new position in shares of Home Depot in the 4th quarter worth $28,000. Proffitt & Goodson Inc. boosted its stake in shares of Home Depot by 106.2% in the 3rd quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock worth $31,000 after buying an additional 69 shares during the last quarter. Finally, Financial Advantage Inc. purchased a new position in shares of Home Depot in the 3rd quarter worth $37,000. Institutional investors and hedge funds own 69.87% of the company’s stock.
In other Home Depot news, EVP Teresa Wynn Roseborough sold 12,974 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $213.70, for a total transaction of $2,772,543.80. Following the sale, the executive vice president now directly owns 26,335 shares of the company’s stock, valued at $5,627,789.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Craig A. Menear sold 113,468 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $211.24, for a total value of $23,968,980.32. Following the sale, the chief executive officer now directly owns 277,604 shares in the company, valued at $58,641,068.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 126,552 shares of company stock worth $26,765,281. Insiders own 0.27% of the company’s stock.
NYSE:HD opened at $228.82 on Friday. The business’s 50-day simple moving average is $219.00 and its two-hundred day simple moving average is $222.33. The stock has a market cap of $243.05 billion, a PE ratio of 23.14, a P/E/G ratio of 1.97 and a beta of 1.00. Home Depot Inc has a 52 week low of $172.00 and a 52 week high of $239.31.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 EPS for the quarter, meeting the Zacks’ consensus estimate of $2.53. The business had revenue of $27.22 billion for the quarter, compared to analysts’ expectations of $27.51 billion. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $2.51 earnings per share. As a group, research analysts forecast that Home Depot Inc will post 10.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $1.36 per share. The ex-dividend date was Wednesday, December 4th. This represents a $5.44 dividend on an annualized basis and a yield of 2.38%. Home Depot’s dividend payout ratio is presently 55.01%.
Several equities analysts recently weighed in on HD shares. ValuEngine upgraded Home Depot from a “sell” rating to a “hold” rating in a research report on Thursday, December 26th. JPMorgan Chase & Co. lowered their target price on Home Depot from $252.00 to $241.00 and set an “overweight” rating on the stock in a research report on Thursday, December 12th. Nomura lowered their target price on Home Depot from $237.00 to $224.00 and set a “neutral” rating on the stock in a research report on Thursday, December 12th. Loop Capital reiterated a “hold” rating and set a $200.00 target price on shares of Home Depot in a research report on Thursday, December 12th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating and set a $232.00 target price on the stock in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have issued a buy rating to the company. Home Depot has a consensus rating of “Buy” and a consensus price target of $237.31.
About Home Depot
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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