Todays Report: Today: Bright Rock Capital Management LLC Sold shares of The Home Depot Inc. (HD)

Today: Bright Rock Capital Management LLC Sold shares of The Home Depot Inc. (HD)

Bright Rock Capital Management LLC reduced its position in shares of The Home Depot Inc. (NYSE:HD) by 0.3% during the third quarter, Holdings Channel reports. The institutional investor owned 61,000 shares of the home improvement retailer’s stock after selling 179 shares during the period. The Home Depot makes up 2.5% of Bright Rock Capital Management LLC’s holdings, making the stock its 5th largest position. Bright Rock Capital Management LLC’s holdings in The Home Depot were worth $7,849,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brookfield Asset Management Inc. increased its position in The Home Depot by 16.1% in the second quarter. Brookfield Asset Management Inc. now owns 813 shares of the home improvement retailer’s stock worth $104,000 after buying an additional 113 shares in the last quarter. Valley National Advisers Inc. increased its position in The Home Depot by 17.6% in the second quarter. Valley National Advisers Inc. now owns 855 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 128 shares in the last quarter. First PREMIER Bank increased its position in The Home Depot by 29.2% in the second quarter. First PREMIER Bank now owns 885 shares of the home improvement retailer’s stock worth $113,000 after buying an additional 200 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in The Home Depot by 35.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 917 shares of the home improvement retailer’s stock worth $117,000 after buying an additional 239 shares in the last quarter. Finally, Invictus RG increased its position in The Home Depot by 215.7% in the second quarter. Invictus RG now owns 944 shares of the home improvement retailer’s stock worth $121,000 after buying an additional 645 shares in the last quarter. Hedge funds and other institutional investors own 69.36% of the company’s stock.

The Home Depot Inc. (NYSE:HD) traded down 0.71% during midday trading on Monday, hitting $130.64. The company’s stock had a trading volume of 4,743,742 shares. The stock has a 50 day moving average of $125.80 and a 200 day moving average of $130.49. The Home Depot Inc. has a 52-week low of $109.62 and a 52-week high of $139.00. The company has a market cap of $159.90 billion, a PE ratio of 21.21 and a beta of 1.05.

The Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 EPS for the quarter, beating 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 company had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.05 billion. During the same quarter in the prior year, the company earned $1.36 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts expect that The Home Depot Inc. will post $6.34 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.69 per share. The ex-dividend date is Tuesday, November 29th. This represents a $2.76 annualized dividend and a dividend yield of 2.10%. The Home Depot’s payout ratio is 44.66%.

HD has been the subject of a number of analyst reports. Vetr upgraded The Home Depot from a “hold” rating to a “buy” rating and set a $140.30 price target for the company in a research note on Thursday, September 8th. Argus lifted their target price on The Home Depot from $150.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Citigroup Inc. lifted their target price on The Home Depot from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Deutsche Bank AG lifted their target price on The Home Depot from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Finally, Stifel Nicolaus began coverage on The Home Depot in a research note on Tuesday, August 2nd. They set a “buy” rating and a $157.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $145.24.

In other news, Director Jeffery H. Boyd purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The shares were acquired at an average cost of $128.27 per share, with a total value of $1,282,700.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $1,282,700. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Holifield sold 15,606 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $128.39, for a total value of $2,003,654.34. Following the transaction, the executive vice president now directly owns 39,499 shares in the company, valued at $5,071,276.61. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

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.

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