Rosenblum Silverman Sutton S F Inc. CA lowered its position in Home Depot Inc (NYSE:HD) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,682 shares of the home improvement retailer’s stock after selling 550 shares during the period. Home Depot accounts for about 1.9% of Rosenblum Silverman Sutton S F Inc. CA’s holdings, making the stock its 21st biggest position. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Home Depot were worth $5,018,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in HD. Atlantic Trust LLC lifted its holdings in Home Depot by 12.8% during the second quarter. Atlantic Trust LLC now owns 20,332 shares of the home improvement retailer’s stock worth $3,119,000 after acquiring an additional 2,309 shares during the period. APG Asset Management N.V. lifted its holdings in Home Depot by 6.3% during the third quarter. APG Asset Management N.V. now owns 2,242,180 shares of the home improvement retailer’s stock worth $366,731,000 after acquiring an additional 133,300 shares during the period. IFP Advisors Inc lifted its holdings in Home Depot by 3.0% during the second quarter. IFP Advisors Inc now owns 73,631 shares of the home improvement retailer’s stock worth $11,295,000 after acquiring an additional 2,133 shares during the period. Smithfield Trust Co. lifted its holdings in Home Depot by 0.3% during the second quarter. Smithfield Trust Co. now owns 8,387 shares of the home improvement retailer’s stock worth $1,287,000 after acquiring an additional 25 shares during the period. Finally, BP PLC lifted its holdings in Home Depot by 16.2% during the second quarter. BP PLC now owns 179,000 shares of the home improvement retailer’s stock worth $27,459,000 after acquiring an additional 25,000 shares during the period. Institutional investors and hedge funds own 70.13% of the company’s stock.
Home Depot Inc (NYSE:HD) opened at $189.01 on Thursday. The stock has a market capitalization of $220,720.00, a P/E ratio of 26.21, a P/E/G ratio of 1.93 and a beta of 1.11. Home Depot Inc has a 12-month low of $133.05 and a 12-month high of $191.49. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.89 per share. The ex-dividend date was Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 1.88%. Home Depot’s payout ratio is 49.38%.
Home Depot announced that its board has approved a stock repurchase program on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
A number of analysts have issued reports on the company. Deutsche Bank raised their target price on Home Depot from $176.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a research report on Monday, September 11th. Argus lifted their price target on 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 target on Home Depot and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, Atlantic Securities upgraded Home Depot from a “neutral” rating to an “overweight” rating and lifted their price target 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 assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $183.28.
In other news, EVP Matt Carey sold 41,396 shares of the stock in a transaction on Friday, December 8th. The stock was 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 of the company’s stock, valued at approximately $5,410,183.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by corporate insiders.
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About Home Depot
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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