Deane Retirement Strategies Inc. Buys Shares of 7,663 Home Depot Inc (NYSE:HD)

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Deane Retirement Strategies Inc. bought a new stake in Home Depot Inc (NYSE:HD) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,663 shares of the home improvement retailer’s stock, valued at approximately $1,673,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Enterprise Trust & Investment Co purchased a new stake in shares of Home Depot during the third quarter worth $27,000. Julex Capital Management LLC purchased a new stake in shares of Home Depot during the third quarter worth $29,000. Belmont Capital LLC purchased a new stake in shares of Home Depot during the fourth quarter worth $28,000. Proffitt & Goodson Inc. increased its position in shares of Home Depot by 106.2% during the third quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock worth $31,000 after acquiring an additional 69 shares during the period. Finally, Financial Advantage Inc. purchased a new stake in shares of Home Depot during the third quarter worth $37,000. 69.87% of the stock is currently owned by institutional investors.

In other news, CEO Craig A. Menear sold 113,468 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $211.24, for a total transaction of $23,968,980.32. Following the completion of the sale, the chief executive officer now owns 277,604 shares in the company, valued at $58,641,068.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 12,974 shares of the 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 owns 26,335 shares of the company’s stock, valued at approximately $5,627,789.50. The disclosure for this sale can be found here. Insiders sold 126,552 shares of company stock valued at $26,765,281 in the last 90 days. 0.27% of the stock is currently owned by insiders.

HD has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price objective 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. Royal Bank of Canada cut their price objective on Home Depot from $246.00 to $232.00 and set an “outperform” rating on the stock in a research report on Thursday, December 12th. Wedbush cut their price objective on Home Depot from $230.00 to $225.00 and set a “neutral” rating on the stock in a research report on Thursday, December 12th. Stifel Nicolaus reissued a “buy” rating and issued a $245.00 target price (down previously from $255.00) on shares of Home Depot in a report on Wednesday, December 11th. Finally, SunTrust Banks increased their target price on Home Depot from $208.00 to $225.00 and gave the company a “hold” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and seventeen have issued a buy rating to the stock. Home Depot presently has a consensus rating of “Buy” and a consensus price target of $237.31.

NYSE HD opened at $224.59 on Thursday. Home Depot Inc has a 1 year low of $172.00 and a 1 year high of $239.31. The company has a market capitalization of $243.05 billion, a PE ratio of 22.71, a P/E/G ratio of 1.97 and a beta of 1.00. The company has a fifty day moving average of $218.89 and a two-hundred day moving average of $222.23.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.53. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. The company had revenue of $27.22 billion during the quarter, compared to the consensus estimate of $27.51 billion. During the same quarter in the prior year, the firm posted $2.51 earnings per share. Home Depot’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Home Depot Inc will post 10.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $5.44 annualized dividend and a yield of 2.42%. Home Depot’s dividend payout ratio is presently 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 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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