Cipher Capital LP acquired a new stake in shares of Home Depot, Inc. (The) (NYSE:HD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 73,447 shares of the home improvement retailer’s stock, valued at approximately $11,267,000. Home Depot makes up about 0.9% of Cipher Capital LP’s investment portfolio, making the stock its biggest position.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. American Beacon Advisors Inc. bought a new position in Home Depot during the 1st quarter worth approximately $100,000. St. Johns Investment Management Company LLC lifted its holdings in Home Depot by 81.8% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after buying an additional 495 shares during the last quarter. Mascoma Wealth Management LLC lifted its holdings in Home Depot by 0.6% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after buying an additional 7 shares during the last quarter. Thompson Davis & CO. Inc. lifted its holdings in Home Depot by 32.2% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,338 shares of the home improvement retailer’s stock worth $196,000 after buying an additional 326 shares during the last quarter. Finally, Ruggie Capital Group lifted its holdings in Home Depot by 12.2% during the 2nd quarter. Ruggie Capital Group now owns 1,299 shares of the home improvement retailer’s stock worth $199,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 70.37% of the company’s stock.
In related news, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the sale, the executive vice president now directly owns 62,483 shares in the company, valued at approximately $9,816,079.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by company insiders.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating the consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same period last year, the firm earned $1.60 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. equities analysts anticipate that Home Depot, Inc. will post 7.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.93%. The ex-dividend date is Wednesday, November 29th. Home Depot’s dividend payout ratio is currently 49.44%.
A number of research analysts have commented on HD shares. BTIG Research reaffirmed a “buy” rating and set a $175.00 target price on shares of Home Depot in a report on Tuesday, August 15th. Credit Suisse Group set a $171.00 price target on Home Depot and gave the stock a “buy” rating in a report on Tuesday, August 15th. Robert W. Baird set a $175.00 price target on Home Depot and gave the stock a “buy” rating in a report on Tuesday, August 15th. Oppenheimer set a $178.00 price target on Home Depot and gave the stock a “buy” rating in a report on Tuesday, August 15th. Finally, Longbow Research reissued a “buy” rating and issued a $175.00 price target on shares of Home Depot in a report on Monday, August 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $177.22.
About Home Depot
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.
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