Puzo Michael J lessened its position in Home Depot Inc (NYSE:HD) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,052 shares of the home improvement retailer’s stock after selling 895 shares during the quarter. Home Depot makes up about 1.9% of Puzo Michael J’s investment portfolio, making the stock its 22nd largest holding. Puzo Michael J’s holdings in Home Depot were worth $5,253,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Enterprise Trust & Investment Co bought a new stake in Home Depot in the third quarter worth $27,000. Belmont Capital LLC purchased a new stake in shares of Home Depot in the fourth quarter worth $28,000. Julex Capital Management LLC bought a new position in shares of Home Depot during the third quarter valued at $29,000. Proffitt & Goodson Inc. increased its holdings in shares of Home Depot by 106.2% during the third quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock valued at $31,000 after acquiring an additional 69 shares in the last quarter. Finally, Financial Advantage Inc. purchased a new position in shares of Home Depot in the 3rd quarter worth about $37,000. Institutional investors own 69.87% of the company’s stock.
In other Home Depot news, EVP Teresa Wynn Roseborough sold 12,974 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 26,335 shares of the company’s stock, valued at $5,627,789.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig A. Menear sold 113,468 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $211.24, for a total value of $23,968,980.32. Following 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. In 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 (NYSE:HD) last released its quarterly earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $2.53. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The firm had revenue of $27.22 billion for the quarter, compared to the consensus estimate of $27.51 billion. During the same period last year, the business posted $2.51 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Research analysts expect that Home Depot Inc will post 10.08 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Wednesday, December 4th. Home Depot’s dividend payout ratio (DPR) is presently 55.01%.
Several brokerages recently commented on HD. Evercore ISI reissued a “buy” rating on shares of Home Depot in a research report on Thursday, November 21st. Nomura reduced their price objective on shares of Home Depot from $237.00 to $224.00 and set a “neutral” rating for the company in a research note on Thursday, December 12th. Longbow Research reaffirmed a “buy” rating and issued a $255.00 target price on shares of Home Depot in a report on Wednesday, November 20th. ValuEngine upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research note on Thursday, December 26th. Finally, Telsey Advisory Group cut their price target on shares of Home Depot from $220.00 to $210.00 and set a “market perform” rating on the stock in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $237.31.
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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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