Home Depot Inc (NYSE:HD) Shares Bought by KG&L Capital Management LLC

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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.

NYSE HD traded up $3.05 on Friday, reaching $234.66. 3,458,630 shares of the company’s stock traded hands, compared to its average volume of 3,719,388. The firm has a market cap of $248.24 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 2.22 and a beta of 1.05. The stock has a 50 day moving average price of $227.40 and a 200-day moving average price of $209.35. Home Depot Inc has a fifty-two week low of $158.09 and a fifty-two week high of $235.49.

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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