Gardiner Nancy B Trims Holdings in Home Depot Inc (NYSE:HD)

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Gardiner Nancy B lowered its holdings in shares of Home Depot Inc (NYSE:HD) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,077 shares of the home improvement retailer’s stock after selling 48 shares during the period. Home Depot accounts for 2.5% of Gardiner Nancy B’s investment portfolio, making the stock its 15th largest holding. Gardiner Nancy B’s holdings in Home Depot were worth $1,546,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HD. Nuveen Asset Management LLC increased its holdings in shares of Home Depot by 3,457.2% in the second quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock valued at $2,005,132,000 after purchasing an additional 9,370,409 shares during the period. Fisher Asset Management LLC grew its position in Home Depot by 26.4% in the 3rd quarter. Fisher Asset Management LLC now owns 6,135,124 shares of the home improvement retailer’s stock valued at $1,423,472,000 after buying an additional 1,280,467 shares during the last quarter. Johanson Financial Advisors Inc. grew its position in Home Depot by 22,049.5% in the 4th quarter. Johanson Financial Advisors Inc. now owns 919,869 shares of the home improvement retailer’s stock valued at $4,213,000 after buying an additional 915,716 shares during the last quarter. Nomura Holdings Inc. grew its position in Home Depot by 1,041.4% in the 2nd quarter. Nomura Holdings Inc. now owns 673,750 shares of the home improvement retailer’s stock valued at $141,496,000 after buying an additional 614,724 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in Home Depot by 20.2% in the 3rd quarter. California Public Employees Retirement System now owns 3,248,433 shares of the home improvement retailer’s stock valued at $753,701,000 after buying an additional 546,832 shares during the period. Hedge funds and other institutional investors own 69.87% of the company’s stock.

Shares of HD stock opened at $224.59 on Thursday. The stock has a fifty day moving average price of $218.89 and a 200 day moving average price of $222.23. The stock has a market cap of $243.05 billion, a PE ratio of 22.71, a P/E/G ratio of 1.97 and a beta of 1.00. Home Depot Inc has a 1 year low of $172.00 and a 1 year high of $239.31.

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

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

Several analysts have recently commented on HD shares. Credit Suisse Group upgraded shares of Home Depot from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $225.00 to $235.00 in a research note on Thursday, December 12th. Goldman Sachs Group boosted their price target on shares of Home Depot to $246.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. They noted that the move was a valuation call. Jefferies Financial Group increased their price target on shares of Home Depot from $246.00 to $268.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Loop Capital restated a “hold” rating and issued a $200.00 price objective on shares of Home Depot in a research report on Thursday, December 12th. They noted that the move was a valuation call. Finally, Robert W. Baird lifted their price objective on Home Depot from $230.00 to $245.00 and gave the company an “accumulate” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have given a buy rating to the stock. Home Depot currently has an average rating of “Buy” and an average target price of $237.31.

In related news, CEO Craig A. Menear sold 113,468 shares of Home Depot stock in a transaction that occurred on Friday, December 13th. The stock was 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 directly owns 277,604 shares in the company, valued at approximately $58,641,068.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 12,974 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $213.70, for a total value of $2,772,543.80. Following the completion of the sale, the executive vice president now directly owns 26,335 shares in the company, valued at approximately $5,627,789.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 126,552 shares of company stock worth $26,765,281. 0.27% of the stock is owned by corporate insiders.

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

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