Newman Dignan & Sheerar Inc. lifted its holdings in Home Depot Inc (NYSE:HD) by 22.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,460 shares of the home improvement retailer’s stock after acquiring an additional 820 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in Home Depot were worth $974,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in HD. Enterprise Trust & Investment Co acquired a new position in Home Depot in the 3rd quarter worth approximately $27,000. Belmont Capital LLC acquired a new stake in Home Depot during the 4th quarter valued at $28,000. Julex Capital Management LLC acquired a new stake in Home Depot during the 3rd quarter valued at $29,000. Proffitt & Goodson Inc. lifted its holdings in shares of Home Depot by 106.2% in the third quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock valued at $31,000 after purchasing an additional 69 shares in the last quarter. Finally, Financial Advantage Inc. purchased a new stake in shares of Home Depot in the third quarter valued at $37,000. Institutional investors and hedge funds own 69.87% of the company’s stock.
NYSE HD 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 12-month low of $172.00 and a 12-month high of $239.31. The company has a 50 day moving average price of $218.89 and a two-hundred day moving average price of $222.23.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Wednesday, December 4th. Home Depot’s dividend payout ratio is presently 55.01%.
In related news, EVP Teresa Wynn Roseborough sold 12,974 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Craig A. Menear sold 113,468 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $211.24, for a total value of $23,968,980.32. Following the completion of the sale, the chief executive officer now owns 277,604 shares of the company’s stock, valued at $58,641,068.96. The disclosure for this sale can be found here. Insiders have sold 126,552 shares of company stock worth $26,765,281 over the last three months. Company insiders own 0.27% of the company’s stock.
HD has been the topic of several recent analyst reports. Credit Suisse Group raised Home Depot from a “neutral” rating to an “outperform” rating and upped their price target for the company from $225.00 to $235.00 in a research report on Thursday, December 12th. Wedbush decreased their price objective on Home Depot from $230.00 to $225.00 and set a “neutral” rating for the company in a research report on Thursday, December 12th. DZ Bank cut Home Depot from a “hold” rating to a “sell” rating in a research note on Thursday, September 19th. Longbow Research reiterated a “buy” rating and issued a $255.00 target price on shares of Home Depot in a report on Wednesday, November 20th. Finally, Oppenheimer upped their target price on Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a report on Friday, October 4th. 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 stock. Home Depot presently has an average rating of “Buy” and a consensus price target of $237.31.
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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