First Trust Advisors LP Increases Stake in Home Depot, Inc. (The) (HD)

First Trust Advisors LP increased its holdings in shares of Home Depot, Inc. (The) (NYSE:HD) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 312,720 shares of the home improvement retailer’s stock after purchasing an additional 11,988 shares during the period. First Trust Advisors LP’s holdings in Home Depot were worth $51,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Raymond James Trust N.A. boosted its position in Home Depot by 0.9% in the 3rd quarter. Raymond James Trust N.A. now owns 118,832 shares of the home improvement retailer’s stock valued at $19,436,000 after buying an additional 1,109 shares during the last quarter. Boston Advisors LLC boosted its position in Home Depot by 14.6% in the 3rd quarter. Boston Advisors LLC now owns 409,080 shares of the home improvement retailer’s stock valued at $66,909,000 after buying an additional 52,215 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Home Depot by 5.5% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 20,581 shares of the home improvement retailer’s stock valued at $3,366,000 after buying an additional 1,076 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its position in Home Depot by 7.5% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 111,095 shares of the home improvement retailer’s stock valued at $18,170,000 after buying an additional 7,719 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its position in Home Depot by 0.8% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 209,263 shares of the home improvement retailer’s stock valued at $34,227,000 after buying an additional 1,754 shares during the last quarter. 70.13% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on HD. BMO Capital Markets set a $191.00 price objective on shares of Home Depot and gave the company a “buy” rating in a research report on Friday, December 15th. Guggenheim began coverage on shares of Home Depot in a research report on Wednesday, December 13th. They issued a “buy” rating and a $200.00 price objective for the company. Credit Suisse Group reissued a “hold” rating on shares of Home Depot in a research report on Tuesday, December 12th. Zacks Investment Research cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Zelman & Associates cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $183.28.

In related news, EVP Matt Carey sold 41,396 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the sale, the executive vice president now owns 29,559 shares in the company, valued at $5,410,183.77. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Shares of Home Depot, Inc. (HD) opened at $188.13 on Tuesday. The firm has a market cap of $219,688.63, a PE ratio of 26.13, a P/E/G ratio of 1.92 and a beta of 1.11. Home Depot, Inc. has a 12 month low of $133.05 and a 12 month high of $188.84. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.03. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. Home Depot’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.60 earnings per share. analysts expect that Home Depot, Inc. will post 7.35 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Thursday, November 30th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 1.89%. Home Depot’s dividend payout ratio (DPR) is 49.44%.

Home Depot announced that its board has authorized a stock repurchase program on Wednesday, December 6th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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Home Depot 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.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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