Hermes Investment Management Ltd. raised its position in The Home Depot Inc. (NYSE:HD) by 6.5% during the third quarter, Holdings Channel reports. The fund owned 24,476 shares of the home improvement retailer’s stock after buying an additional 1,500 shares during the period. Hermes Investment Management Ltd.’s holdings in The Home Depot were worth $3,150,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Steinberg Global Asset Management boosted its stake in The Home Depot by 8.7% in the first quarter. Steinberg Global Asset Management now owns 29,486 shares of the home improvement retailer’s stock worth $3,934,000 after buying an additional 2,353 shares during the last quarter. Atlanta Capital Management Co. L L C boosted its stake in The Home Depot by 12.0% in the first quarter. Atlanta Capital Management Co. L L C now owns 109,262 shares of the home improvement retailer’s stock worth $14,579,000 after buying an additional 11,689 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in The Home Depot during the first quarter worth approximately $432,000. Moore Capital Management LP acquired a new stake in The Home Depot during the first quarter worth approximately $23,350,000. Finally, Sapphire Star Partners LP boosted its stake in The Home Depot by 100.0% in the first quarter. Sapphire Star Partners LP now owns 29,446 shares of the home improvement retailer’s stock worth $3,894,000 after buying an additional 14,723 shares during the last quarter. Institutional investors own 71.31% of the company’s stock.
Shares of The Home Depot Inc. (NYSE:HD) traded up 0.27% during mid-day trading on Friday, reaching $131.57. The company’s stock had a trading volume of 2,545,977 shares. The company has a market cap of $161.04 billion, a PE ratio of 21.36 and a beta of 1.05. The company has a 50-day moving average price of $125.80 and a 200 day moving average price of $130.49. The Home Depot Inc. has a 52-week low of $109.62 and a 52-week high of $139.00.
The Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $1.60 EPS for the quarter, topping the consensus estimate of $1.58 by $0.02. The Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.05 billion. During the same quarter last year, the company earned $1.36 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts expect that The Home Depot Inc. will post $6.34 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Tuesday, November 29th. The Home Depot’s dividend payout ratio (DPR) is currently 44.66%.
A number of equities research analysts have recently commented on HD shares. Stifel Nicolaus started coverage on The Home Depot in a research note on Tuesday, August 2nd. They set a “buy” rating and a $157.00 target price on the stock. Zacks Investment Research upgraded The Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. JPMorgan Chase & Co. restated a “buy” rating and issued a $142.00 price objective on shares of The Home Depot in a research note on Tuesday, August 16th. Wedbush restated a “neutral” rating and issued a $140.00 price objective (down from $145.00) on shares of The Home Depot in a research note on Tuesday, August 16th. Finally, Royal Bank Of Canada boosted their price objective on The Home Depot from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $145.24.
In other The Home Depot news, Director Jeffery H. Boyd bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The shares were bought at an average price of $128.27 per share, with a total value of $1,282,700.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $1,282,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Holifield sold 15,606 shares of The Home Depot stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $128.39, for a total value of $2,003,654.34. Following the sale, the executive vice president now directly owns 39,499 shares in the company, valued at approximately $5,071,276.61. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.
The 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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.