Mycio Wealth Partners LLC lowered its position in Home Depot Inc (NYSE:HD) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,838 shares of the home improvement retailer’s stock after selling 170 shares during the period. Mycio Wealth Partners LLC’s holdings in Home Depot were worth $1,519,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ironwood Financial llc grew its holdings in shares of Home Depot by 39.5% in the 4th quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock valued at $49,000 after acquiring an additional 81 shares in the last quarter. Fusion Family Wealth LLC grew its holdings in shares of Home Depot by 43.6% in the 4th quarter. Fusion Family Wealth LLC now owns 405 shares of the home improvement retailer’s stock valued at $70,000 after acquiring an additional 123 shares in the last quarter. Horan Securities Inc. grew its holdings in shares of Home Depot by 44.0% in the 4th quarter. Horan Securities Inc. now owns 540 shares of the home improvement retailer’s stock valued at $97,000 after acquiring an additional 165 shares in the last quarter. Highwater Wealth Management LLC bought a new position in shares of Home Depot in the 4th quarter valued at about $124,000. Finally, Capital Advisors Ltd. LLC lifted its stake in Home Depot by 162.0% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 613 shares of the home improvement retailer’s stock valued at $127,000 after purchasing an additional 379 shares during the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.
Several equities research analysts have issued reports on HD shares. Bank of America set a $195.00 price objective on shares of Home Depot and gave the stock a “hold” rating in a research report on Monday, December 10th. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Monday, December 31st. Edward Jones upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Credit Suisse Group set a $194.00 price objective on shares of Home Depot and gave the stock a “hold” rating in a research report on Tuesday, February 26th. Finally, Telsey Advisory Group downgraded shares of Home Depot from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $205.00 to $192.00 in a research report on Wednesday, February 27th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Home Depot presently has an average rating of “Buy” and a consensus price target of $204.06.
Shares of NYSE:HD opened at $191.89 on Monday. The company has a market capitalization of $216.75 billion, a P/E ratio of 19.40, a PEG ratio of 1.65 and a beta of 1.09. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $215.43. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.09. The firm had revenue of $26.49 billion for the quarter, compared to analysts’ expectations of $26.57 billion. Home Depot had a net margin of 10.28% and a return on equity of 1,441.05%. The company’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.69 earnings per share. As a group, equities analysts predict that Home Depot Inc will post 10.08 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Wednesday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $1.03. Home Depot’s payout ratio is presently 55.01%.
Home Depot declared that its board has initiated a stock repurchase plan on Tuesday, February 26th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to buy up to 6.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
In related news, EVP Edward P. Decker sold 23,744 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $182.93, for a total value of $4,343,489.92. Following the transaction, the executive vice president now owns 86,813 shares in the company, valued at $15,880,702.09. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mark Holifield sold 12,000 shares of the business’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $183.60, for a total transaction of $2,203,200.00. Following the completion of the transaction, the executive vice president now owns 39,794 shares in the company, valued at approximately $7,306,178.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,194 shares of company stock worth $7,553,141. Insiders own 0.25% of the company’s stock.
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About Home Depot
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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