BKD Wealth Advisors LLC lessened its position in Home Depot Inc (NYSE:HD) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,538 shares of the home improvement retailer’s stock after selling 481 shares during the period. BKD Wealth Advisors LLC’s holdings in Home Depot were worth $1,769,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in Home Depot by 2.2% during the first quarter. Principal Financial Group Inc. now owns 2,115,260 shares of the home improvement retailer’s stock worth $377,025,000 after buying an additional 45,429 shares during the period. Commonwealth Equity Services LLC lifted its position in Home Depot by 2.2% during the first quarter. Commonwealth Equity Services LLC now owns 445,683 shares of the home improvement retailer’s stock worth $79,439,000 after buying an additional 9,443 shares during the period. Rampart Investment Management Company LLC raised its holdings in shares of Home Depot by 327.5% in the 1st quarter. Rampart Investment Management Company LLC now owns 68,368 shares of the home improvement retailer’s stock worth $12,186,000 after purchasing an additional 52,375 shares during the period. RMB Capital Management LLC raised its holdings in shares of Home Depot by 5.1% in the 1st quarter. RMB Capital Management LLC now owns 33,914 shares of the home improvement retailer’s stock worth $6,045,000 after purchasing an additional 1,636 shares during the period. Finally, HM Payson & Co. raised its holdings in shares of Home Depot by 7.0% in the 1st quarter. HM Payson & Co. now owns 155,291 shares of the home improvement retailer’s stock worth $27,679,000 after purchasing an additional 10,097 shares during the period. 69.85% of the stock is currently owned by institutional investors and hedge funds.
In other Home Depot news, CEO Craig A. Menear sold 117,327 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the completion of the sale, the chief executive officer now owns 264,970 shares in the company, valued at approximately $47,805,887.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Manuel Kadre acquired 2,000 shares of the stock in a transaction on Wednesday, November 14th. The shares were acquired at an average price of $177.48 per share, with a total value of $354,960.00. Following the purchase, the director now owns 2,000 shares in the company, valued at $354,960. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 13,750 shares of company stock worth $2,401,470. Company insiders own 0.25% of the company’s stock.
Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, beating the consensus estimate of $2.27 by $0.24. The business had revenue of $26.30 billion for the quarter, compared to the consensus estimate of $26.23 billion. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the business posted $1.84 EPS. On average, equities analysts forecast that Home Depot Inc will post 9.79 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 29th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Wednesday, November 28th. This represents a $4.12 annualized dividend and a dividend yield of 2.27%. Home Depot’s payout ratio is currently 55.23%.
HD has been the topic of a number of research reports. Citigroup restated a “buy” rating and issued a $227.00 price objective on shares of Home Depot in a report on Wednesday, August 15th. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a report on Friday, October 5th. Wells Fargo & Co restated a “buy” rating and issued a $230.00 price objective on shares of Home Depot in a report on Sunday, September 16th. Jefferies Financial Group initiated coverage on Home Depot in a report on Tuesday, August 21st. They issued a “buy” rating and a $228.00 price objective on the stock. Finally, UBS Group cut their price objective on Home Depot from $225.00 to $220.00 and set a “buy” rating on the stock in a report on Wednesday, November 14th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $205.43.
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Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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