Kidder Stephen W cut its holdings in Home Depot Inc (NYSE:HD) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,156 shares of the home improvement retailer’s stock after selling 1,010 shares during the period. Home Depot accounts for approximately 2.8% of Kidder Stephen W’s portfolio, making the stock its 14th biggest holding. Kidder Stephen W’s holdings in Home Depot were worth $7,678,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Enterprise Trust & Investment Co bought a new position in Home Depot during the third quarter valued at about $27,000. Belmont Capital LLC acquired a new position in Home Depot in the 4th quarter valued at approximately $28,000. Julex Capital Management LLC bought a new stake in shares of Home Depot in the 3rd quarter worth approximately $29,000. Proffitt & Goodson Inc. lifted its position in shares of Home Depot by 106.2% in the 3rd 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. bought a new stake in shares of Home Depot in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 69.87% of the company’s stock.
Shares of NYSE HD opened at $224.59 on Thursday. Home Depot Inc has a 52-week low of $172.00 and a 52-week high of $239.31. The business has a fifty day moving average of $218.89 and a two-hundred day moving average of $222.23. The stock has a market cap of $243.05 billion, a PE ratio of 22.71, a PEG ratio of 1.97 and a beta of 1.00.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders 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 dividend on an annualized basis and a yield of 2.42%. Home Depot’s dividend payout ratio (DPR) is presently 55.01%.
In other news, 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 transaction, the chief executive officer now directly owns 277,604 shares of the company’s stock, valued at approximately $58,641,068.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 12,974 shares of the 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 sale, the executive vice president now owns 26,335 shares in the company, valued at $5,627,789.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 126,552 shares of company stock worth $26,765,281. Company insiders own 0.27% of the company’s stock.
A number of research firms have recently issued reports on HD. SunTrust Banks boosted their price objective on Home Depot from $208.00 to $225.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Credit Suisse Group raised 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 report on Thursday, December 12th. Goldman Sachs Group raised their target price on Home Depot to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. They noted that the move was a valuation call. Wolfe Research initiated coverage on shares of Home Depot in a research note on Tuesday, October 8th. They set a “buy” rating and a $260.00 price target on the stock. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $245.00 price target (down previously from $255.00) on shares of Home Depot in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $237.31.
About Home Depot
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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