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