Trust Co. of Vermont boosted its holdings in shares of Home Depot, Inc. (The) (NYSE:HD) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,852 shares of the home improvement retailer’s stock after purchasing an additional 568 shares during the quarter. Trust Co. of Vermont’s holdings in Home Depot were worth $8,971,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its position in Home Depot by 2,013.2% during the second quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after acquiring an additional 3,162,631 shares during the last quarter. Harbour Capital Advisors LLC increased its position in Home Depot by 15,121.1% during the second quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock valued at $12,158,000 after acquiring an additional 1,852,784 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in Home Depot during the second quarter valued at $133,780,000. Parametric Portfolio Associates LLC increased its position in Home Depot by 35.2% during the second quarter. Parametric Portfolio Associates LLC now owns 3,265,338 shares of the home improvement retailer’s stock valued at $500,903,000 after acquiring an additional 850,074 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Home Depot by 14.4% during the second quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock valued at $930,903,000 after acquiring an additional 761,586 shares during the last quarter. 70.13% of the stock is currently owned by institutional investors.
Home Depot, Inc. (NYSE HD) opened at $190.36 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. Home Depot, Inc. has a 1-year low of $133.05 and a 1-year high of $190.42. The stock has a market cap of $222,290.00, a PE ratio of 26.40, a price-to-earnings-growth ratio of 1.92 and a beta of 1.11.
Home Depot declared that its Board of Directors has initiated a stock buyback 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 repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
The firm 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 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Wednesday, November 29th. Home Depot’s payout ratio is 49.38%.
In other Home Depot 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 transaction, the executive vice president now directly owns 29,559 shares in the company, valued at approximately $5,410,183.77. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by corporate insiders.
A number of research analysts have weighed in on the stock. Deutsche Bank boosted their price objective on shares of Home Depot from $176.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research report on Monday, September 11th. Argus boosted their price objective on shares of Home Depot from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Robert W. Baird set a $175.00 price objective on shares of Home Depot and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, Atlantic Securities upgraded shares of Home Depot from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $174.16 to $174.95 in a research report on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $183.28.
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Home Depot 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.
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