KG&L Capital Management LLC raised its position in Home Depot Inc (NYSE:HD) by 5.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,845 shares of the home improvement retailer’s stock after acquiring an additional 99 shares during the quarter. KG&L Capital Management LLC’s holdings in Home Depot were worth $428,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in HD. Krane Funds Advisors LLC acquired a new stake in shares of Home Depot during the second quarter worth $25,000. Enterprise Trust & Investment Co acquired a new stake in shares of Home Depot during the third quarter worth $27,000. Evolution Wealth Advisors LLC acquired a new stake in shares of Home Depot during the second quarter worth $31,000. Thor Advisors LLC acquired a new stake in shares of Home Depot during the first quarter worth $32,000. Finally, MRA Associates USA LLC acquired a new stake in shares of Home Depot during the second quarter worth $34,000. Institutional investors own 69.92% of the company’s stock.
In other Home Depot news, EVP Edward P. Decker sold 22,908 shares of Home Depot stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $227.15, for a total value of $5,203,552.20. Following the completion of the transaction, the executive vice president now owns 87,343 shares of the company’s stock, valued at $19,839,962.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William G. Lennie sold 9,200 shares of Home Depot stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the completion of the transaction, the executive vice president now directly owns 84,123 shares of the company’s stock, valued at approximately $18,511,266.15. The disclosure for this sale can be found here. Insiders sold 177,508 shares of company stock valued at $39,076,428 in the last ninety days. 0.27% of the stock is owned by corporate insiders.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The company had revenue of $30.84 billion during the quarter, compared to the consensus estimate of $30.98 billion. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.05 earnings per share. On average, analysts expect that Home Depot Inc will post 10.12 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.44 dividend on an annualized basis and a yield of 2.32%. Home Depot’s payout ratio is 55.01%.
Several equities research analysts have recently commented on the stock. SunTrust Banks reiterated a “hold” rating and set a $208.00 price objective on shares of Home Depot in a research note on Wednesday, August 21st. Morgan Stanley lifted their price objective on shares of Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Gabelli downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th. They noted that the move was a valuation call. Telsey Advisory Group lifted their price objective on shares of Home Depot from $210.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Co boosted their target price on shares of Home Depot from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. 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 company’s stock. The company has an average rating of “Buy” and an average target price of $226.65.
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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