Achmea Investment Management B.V. boosted its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 50.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 119,680 shares of the home improvement retailer’s stock after buying an additional 40,083 shares during the quarter. Home Depot makes up approximately 1.1% of Achmea Investment Management B.V.’s holdings, making the stock its 16th largest holding. Achmea Investment Management B.V.’s holdings in Home Depot were worth $18,355,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Aldebaran Financial Inc. lifted its stake in shares of Home Depot by 3.4% in the 2nd quarter. Aldebaran Financial Inc. now owns 5,686 shares of the home improvement retailer’s stock valued at $872,000 after purchasing an additional 186 shares during the period. Farmers National Bank lifted its stake in shares of Home Depot by 27.4% in the 2nd quarter. Farmers National Bank now owns 9,093 shares of the home improvement retailer’s stock valued at $1,395,000 after purchasing an additional 1,955 shares during the period. RNC Capital Management LLC lifted its stake in shares of Home Depot by 5.4% in the 2nd quarter. RNC Capital Management LLC now owns 6,504 shares of the home improvement retailer’s stock valued at $998,000 after purchasing an additional 333 shares during the period. Ashburton Jersey Ltd lifted its stake in shares of Home Depot by 4.4% in the 2nd quarter. Ashburton Jersey Ltd now owns 87,299 shares of the home improvement retailer’s stock valued at $13,392,000 after purchasing an additional 3,701 shares during the period. Finally, Atlantic Trust LLC lifted its stake in shares of Home Depot by 12.8% in the 2nd quarter. Atlantic Trust LLC now owns 20,332 shares of the home improvement retailer’s stock valued at $3,119,000 after purchasing an additional 2,309 shares during the period. 70.37% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on HD shares. UBS reissued a “buy” rating and issued a $175.00 price target on shares of Home Depot in a research note on Friday, August 18th. Vetr raised Home Depot from a “buy” rating to a “strong-buy” rating and set a $166.59 price target on the stock in a research note on Monday, August 21st. BidaskClub downgraded Home Depot from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Bank of America reissued a “buy” rating and issued a $170.00 price target on shares of Home Depot in a research note on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Home Depot presently has an average rating of “Buy” and an average target price of $183.28.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 EPS. analysts expect that Home Depot, Inc. will post 7.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is presently 49.44%.
Home Depot declared that its board has initiated a share buyback program on Wednesday, December 6th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the transaction, the executive vice president now owns 29,559 shares in the company, valued at approximately $5,410,183.77. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.26% of the stock is currently owned by corporate insiders.
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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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