Page Arthur B trimmed its position in shares of The Home Depot (NYSE:HD) by 2.1% during the 4th quarter, HoldingsChannel reports. The fund owned 22,390 shares of the home improvement retailer’s stock after selling 475 shares during the period. The Home Depot makes up approximately 3.7% of Page Arthur B’s holdings, making the stock its 6th largest holding. Page Arthur B’s holdings in The Home Depot were worth $4,244,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Jacobi Capital Management LLC lifted its holdings in shares of The Home Depot by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after purchasing an additional 101 shares during the last quarter. Denali Advisors LLC purchased a new position in shares of The Home Depot during the fourth quarter valued at approximately $133,000. Burt Wealth Advisors raised its holdings in The Home Depot by 83.5% in the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock worth $142,000 after acquiring an additional 396 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in The Home Depot by 63.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after acquiring an additional 340 shares during the last quarter. Finally, Empire Life Investments Inc. raised its holdings in The Home Depot by 233.4% in the 3rd quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock worth $157,000 after acquiring an additional 670 shares during the last quarter. 70.69% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Edward P. Decker sold 17,660 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the completion of the sale, the executive vice president now owns 73,815 shares of the company’s stock, valued at approximately $13,827,025.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Craig A. Menear sold 113,687 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total transaction of $20,894,533.73. Following the sale, the chief executive officer now directly owns 237,957 shares of the company’s stock, valued at approximately $43,734,117.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 169,027 shares of company stock valued at $31,220,882. Company insiders own 0.25% of the company’s stock.
The Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. The business had revenue of $23.88 billion during the quarter, compared to analyst estimates of $23.65 billion. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 EPS. sell-side analysts expect that The Home Depot will post 9.43 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Wednesday, March 7th. This is a positive change from The Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 dividend on an annualized basis and a yield of 2.38%. The Home Depot’s payout ratio is currently 55.23%.
A number of equities analysts recently weighed in on the stock. Credit Suisse Group boosted their price objective on shares of The Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Gabelli assumed coverage on shares of The Home Depot in a report on Wednesday, April 11th. They issued a “buy” rating and a $206.00 price objective for the company. Bank of America restated a “buy” rating and issued a $190.60 price objective (down from $219.00) on shares of The Home Depot in a report on Tuesday, February 20th. Zacks Investment Research lowered shares of The Home Depot from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Oppenheimer restated a “buy” rating on shares of The Home Depot in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The Home Depot currently has a consensus rating of “Buy” and a consensus price target of $194.45.
About The 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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