Home Depot Inc (NYSE:HD) Position Boosted by Newman Dignan & Sheerar Inc.

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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.

Home Depot (NYSE:HD) last announced its quarterly 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. The company had revenue of $27.22 billion for the quarter, compared to analyst estimates of $27.51 billion. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. Home Depot’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.51 EPS. On average, analysts expect that Home Depot Inc will post 10.08 EPS for the current fiscal year.

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 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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