Penserra Capital Management LLC decreased its position in shares of Home Depot Inc (NYSE:HD) by 33.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,955 shares of the home improvement retailer’s stock after selling 975 shares during the period. Penserra Capital Management LLC’s holdings in Home Depot were worth $319,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in HD. Janus Henderson Group PLC increased its position in shares of Home Depot by 2,013.2% in the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock worth $509,247,000 after purchasing an additional 3,162,631 shares during the last quarter. Harbour Capital Advisors LLC increased its position in shares of Home Depot by 15,121.1% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock worth $12,158,000 after purchasing an additional 1,852,784 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Home Depot in the 2nd quarter worth about $133,780,000. Parametric Portfolio Associates LLC increased its position in shares of Home Depot by 35.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,265,338 shares of the home improvement retailer’s stock worth $500,903,000 after purchasing an additional 850,074 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Home Depot by 14.4% in the 2nd quarter. Jennison Associates LLC now owns 6,068,468 shares of the home improvement retailer’s stock worth $930,903,000 after purchasing an additional 761,586 shares during the last quarter. 70.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Home Depot Inc (HD) opened at $189.53 on Monday. The firm has a market cap of $221,620.00, a P/E ratio of 26.29, a PEG ratio of 1.93 and a beta of 1.11. Home Depot Inc has a one year low of $133.05 and a one year high of $191.49. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.
Home Depot announced that its board has approved a share repurchase program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Wednesday, November 29th. Home Depot’s dividend payout ratio is currently 49.38%.
In other news, EVP Matt Carey sold 41,396 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.
Several research firms have recently weighed in on HD. Oppenheimer reissued a “buy” rating on shares of Home Depot in a research report on Tuesday, December 26th. Moffett Nathanson began coverage on shares of Home Depot in a research report on Monday, December 4th. They issued a “buy” rating for the company. Morgan Stanley set a $185.00 target price on shares of Home Depot and gave the stock a “buy” rating in a research report on Friday, December 8th. Zacks Investment Research downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Guggenheim began coverage on shares of Home Depot in a research report on Wednesday, December 13th. They set a “buy” rating and a $200.00 price objective for the company. Two 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 presently has a consensus rating of “Buy” and an average 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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