Equitable Holdings Inc. grew its holdings in The Home Depot, Inc. (NYSE:HD) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,959 shares of the home improvement retailer’s stock after acquiring an additional 451 shares during the quarter. Equitable Holdings Inc.’s holdings in The Home Depot were worth $4,132,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of HD. KB Financial Partners LLC bought a new stake in shares of The Home Depot in the first quarter valued at approximately $29,000. Elmwood Wealth Management Inc. bought a new position in The Home Depot in the first quarter worth $41,000. Atlas Capital Advisors LLC lifted its position in The Home Depot by 38.5% in the second quarter. Atlas Capital Advisors LLC now owns 133 shares of the home improvement retailer’s stock worth $42,000 after purchasing an additional 37 shares during the period. Twin Lakes Capital Management LLC bought a new position in The Home Depot in the first quarter worth $61,000. Finally, Lake Point Wealth Management bought a new position in The Home Depot in the second quarter worth $69,000. 68.97% of the stock is owned by institutional investors.
In related news, EVP Teresa Wynn Roseborough sold 5,000 shares of the business’s stock in a transaction on Monday, August 23rd. The stock was sold at an average price of $328.65, for a total value of $1,643,250.00. Following the completion of the sale, the executive vice president now directly owns 19,760 shares in the company, valued at approximately $6,494,124. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig A. Menear sold 68,468 shares of the company’s stock in a transaction on Friday, August 20th. The shares were sold at an average price of $325.46, for a total value of $22,283,595.28. The disclosure for this sale can be found here. Insiders have sold a total of 74,622 shares of company stock worth $24,302,611 over the last three months. 0.18% of the stock is owned by insiders.
The Home Depot (NYSE:HD) last posted its quarterly earnings results on Monday, August 16th. The home improvement retailer reported $4.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.43 by $0.10. The firm had revenue of $41.12 billion for the quarter, compared to analyst estimates of $40.74 billion. The Home Depot had a return on equity of 709.19% and a net margin of 10.55%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.02 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 14.45 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 16th. Investors of record on Thursday, September 2nd were issued a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Wednesday, September 1st. The Home Depot’s payout ratio is presently 54.86%.
Several research analysts have issued reports on the company. Jefferies Financial Group dropped their price objective on The Home Depot from $380.00 to $369.00 and set a “buy” rating for the company in a research note on Wednesday, August 18th. DA Davidson restated a “neutral” rating on shares of The Home Depot in a research note on Wednesday, August 18th. Credit Suisse Group raised their target price on The Home Depot from $319.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, May 25th. Morgan Stanley lifted their price objective on The Home Depot from $340.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, May 24th. Finally, Raymond James lifted their price objective on The Home Depot from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, August 16th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, The Home Depot has a consensus rating of “Buy” and a consensus target price of $341.25.
About The Home Depot
The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.
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