Dempze Nancy E Purchases 104 Shares of Home Depot Inc (NYSE:HD)

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Dempze Nancy E grew its stake in Home Depot Inc (NYSE:HD) by 1.1% in the fourth quarter, HoldingsChannel reports. The fund owned 9,354 shares of the home improvement retailer’s stock after acquiring an additional 104 shares during the period. Home Depot accounts for 2.3% of Dempze Nancy E’s holdings, making the stock its 20th largest position. Dempze Nancy E’s holdings in Home Depot were worth $2,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HD. Community Trust & Investment Co. grew its holdings in Home Depot by 1.6% during the third quarter. Community Trust & Investment Co. now owns 2,736 shares of the home improvement retailer’s stock valued at $635,000 after purchasing an additional 43 shares during the period. First American Trust FSB grew its holdings in Home Depot by 2.1% during the third quarter. First American Trust FSB now owns 2,186 shares of the home improvement retailer’s stock valued at $508,000 after purchasing an additional 45 shares during the period. California Capital Advisors Inc. grew its holdings in Home Depot by 0.3% during the fourth quarter. California Capital Advisors Inc. now owns 18,315 shares of the home improvement retailer’s stock valued at $4,000,000 after purchasing an additional 46 shares during the period. Smith Salley & Associates grew its holdings in Home Depot by 2.8% during the third quarter. Smith Salley & Associates now owns 1,717 shares of the home improvement retailer’s stock valued at $398,000 after purchasing an additional 47 shares during the period. Finally, Empirical Finance LLC grew its holdings in Home Depot by 1.7% during the third quarter. Empirical Finance LLC now owns 2,814 shares of the home improvement retailer’s stock valued at $653,000 after purchasing an additional 47 shares during the period. 69.87% of the stock is owned by institutional investors.

In related news, CEO Craig A. Menear sold 113,468 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 277,604 shares in the company, valued at $58,641,068.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 12,974 shares of the stock in a transaction on 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 transaction, 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 have 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 corporate insiders.

A number of brokerages recently issued reports on HD. Wedbush decreased their price objective on shares of Home Depot from $230.00 to $225.00 and set a “neutral” rating for the company in a report on Thursday, December 12th. Edward Jones cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. decreased their price objective on shares of Home Depot from $252.00 to $241.00 and set an “overweight” rating for the company in a report on Thursday, December 12th. Evercore ISI restated a “buy” rating on shares of Home Depot in a report on Thursday, November 21st. Finally, Nomura decreased their price objective on shares of Home Depot from $237.00 to $224.00 and set a “neutral” rating for the company in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Home Depot has an average rating of “Buy” and an average target price of $237.31.

Home Depot stock opened at $224.59 on Thursday. The stock has a market capitalization of $243.05 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. Home Depot Inc has a twelve month low of $172.00 and a twelve month high of $239.31. The company has a 50 day moving average of $218.89 and a 200-day moving average of $222.23.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.53. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. The business had revenue of $27.22 billion during the quarter, compared to analysts’ expectations of $27.51 billion. During the same quarter in the prior year, the company posted $2.51 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. On average, equities research analysts forecast that Home Depot Inc will post 10.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.42%. The ex-dividend date was Wednesday, December 4th. Home Depot’s payout ratio is 55.01%.

Home Depot 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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Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).

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

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