Pegasus Partners Ltd. Increases Stake in Home Depot, Inc. (The) (NYSE:HD)

Pegasus Partners Ltd. increased its position in Home Depot, Inc. (The) (NYSE:HD) by 0.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 11,333 shares of the home improvement retailer’s stock after buying an additional 13 shares during the period. Pegasus Partners Ltd.’s holdings in Home Depot, Inc. (The) were worth $1,664,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HD. Good Life Advisors LLC acquired a new position in Home Depot, Inc. (The) during the fourth quarter worth approximately $383,000. Asset Management One Co. Ltd. raised its position in Home Depot, Inc. (The) by 912.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,216,934 shares of the home improvement retailer’s stock valued at $297,415,000 after buying an additional 1,997,868 shares in the last quarter. Adviser Investments LLC purchased a new position in Home Depot, Inc. (The) during the fourth quarter valued at approximately $260,000. Aviva PLC raised its position in Home Depot, Inc. (The) by 1.8% in the fourth quarter. Aviva PLC now owns 1,187,680 shares of the home improvement retailer’s stock valued at $159,315,000 after buying an additional 20,481 shares in the last quarter. Finally, Cypress Capital Management LLC raised its position in Home Depot, Inc. (The) by 9.7% in the fourth quarter. Cypress Capital Management LLC now owns 56,050 shares of the home improvement retailer’s stock valued at $7,515,000 after buying an additional 4,970 shares in the last quarter. Institutional investors own 71.66% of the company’s stock.

Home Depot, Inc. (NYSE:HD) opened at 150.60 on Wednesday. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86. The stock has a 50 day moving average of $155.07 and a 200-day moving average of $146.38. The firm has a market cap of $180.05 billion, a P/E ratio of 22.53 and a beta of 1.09. Home Depot, Inc. (The) also was the recipient of some unusual options trading on Monday. Stock traders acquired 8,096 put options on the company. This is an increase of approximately 110% compared to the average daily volume of 3,861 put options.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.06. The firm had revenue of $23.89 billion during the quarter, compared to analyst estimates of $23.74 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 earnings per share. Equities research analysts predict that Home Depot, Inc. will post $7.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Tuesday, May 30th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 53.29%.

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Several research firms have commented on HD. Atlantic Securities lowered shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 target price on the stock. in a report on Thursday, May 11th. Oppenheimer Holdings, Inc. set a $178.00 target price on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Tuesday, May 16th. Stifel Nicolaus reissued a “buy” rating and issued a $178.00 target price (up from $165.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Royal Bank Of Canada set a $166.00 target price on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Monday, May 15th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $179.00 target price (up from $168.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $163.83.

In other Home Depot, Inc. (The) news, EVP William G. Lennie sold 31,239 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the completion of the transaction, the executive vice president now owns 46,294 shares of the company’s stock, valued at $7,197,328.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Craig A. Menear sold 90,661 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $156.79, for a total value of $14,214,738.19. Following the transaction, the chief executive officer now directly owns 240,090 shares of the company’s stock, valued at approximately $37,643,711.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,900 shares of company stock valued at $20,167,386. Insiders own 0.26% of the company’s stock.

Home Depot, Inc. (The) Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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