Rockland Trust Co. grew its position in shares of Home Depot Inc (NYSE:HD) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,358 shares of the home improvement retailer’s stock after acquiring an additional 2,586 shares during the quarter. Home Depot accounts for 2.1% of Rockland Trust Co.’s holdings, making the stock its 7th biggest position. Rockland Trust Co.’s holdings in Home Depot were worth $23,216,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in HD. Semmax Financial Advisors Inc. bought a new position in Home Depot during the 4th quarter worth $103,000. Stamos Capital Partners L.P. bought a new position in Home Depot during the 4th quarter worth $2,002,000. ERTS Wealth Advisors LLC bought a new position in Home Depot during the 4th quarter worth $111,000. Financial Advisors LLC bought a new position in Home Depot during the 4th quarter worth $412,000. Finally, Lincoln Capital LLC increased its position in Home Depot by 3.6% during the 4th quarter. Lincoln Capital LLC now owns 3,174 shares of the home improvement retailer’s stock worth $545,000 after buying an additional 110 shares during the period. 69.92% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Edward P. Decker sold 22,908 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $227.15, for a total value of $5,203,552.20. Following the sale, the executive vice president now directly owns 87,343 shares of the company’s stock, valued at $19,839,962.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Carol B. Tome sold 145,400 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total value of $31,848,416.00. Following the completion of the sale, the chief financial officer now directly owns 496,374 shares in the company, valued at $108,725,760.96. The disclosure for this sale can be found here. Insiders sold 177,508 shares of company stock worth $39,076,428 over the last ninety days. 0.27% of the stock is currently owned by insiders.
HD has been the topic of several recent research reports. Wedbush reiterated a “neutral” rating and set a $230.00 price objective (up previously from $190.00) on shares of Home Depot in a research report on Wednesday, August 21st. UBS Group increased their price objective on Home Depot from $215.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Citigroup increased their price objective on Home Depot from $246.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Argus set a $240.00 price objective on Home Depot and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Finally, Gabelli cut Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. Home Depot has a consensus rating of “Buy” and a consensus price target of $226.65.
Shares of NYSE HD traded up $4.34 during mid-day trading on Friday, reaching $235.95. The company had a trading volume of 108,676 shares, compared to its average volume of 3,719,388. Home Depot Inc has a one year low of $158.09 and a one year high of $235.49. The firm has a market cap of $248.24 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.22 and a beta of 1.05. The business’s 50-day simple moving average is $227.40 and its 200 day simple moving average is $209.35.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, topping the Zacks’ consensus estimate of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The company had revenue of $30.84 billion for the quarter, compared to analysts’ expectations of $30.98 billion. During the same quarter last year, the business earned $3.05 earnings per share. Home Depot’s revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that Home Depot Inc will post 10.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Wednesday, September 4th. Home Depot’s payout ratio is currently 55.01%.
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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