First American Bank boosted its position in shares of The Home Depot Inc. (NYSE:HD) by 23.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,937 shares of the home improvement retailer’s stock after buying an additional 3,053 shares during the period. First American Bank’s holdings in The Home Depot were worth $2,051,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Cohen & Steers Inc. boosted its stake in The Home Depot by 37,680.1% in the second quarter. Cohen & Steers Inc. now owns 35,400,000 shares of the home improvement retailer’s stock worth $32,480,000 after buying an additional 35,306,300 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of The Home Depot during the second quarter valued at $337,042,000. Emerald Acquisition Ltd. acquired a new position in shares of The Home Depot during the second quarter valued at $198,627,000. Jennison Associates LLC boosted its position in shares of The Home Depot by 22.9% in the second quarter. Jennison Associates LLC now owns 7,954,031 shares of the home improvement retailer’s stock valued at $1,015,650,000 after buying an additional 1,483,893 shares in the last quarter. Finally, FMR LLC boosted its position in shares of The Home Depot by 2.3% in the second quarter. FMR LLC now owns 41,090,288 shares of the home improvement retailer’s stock valued at $5,246,819,000 after buying an additional 931,070 shares in the last quarter. Institutional investors and hedge funds own 69.36% of the company’s stock.
The Home Depot Inc. (NYSE:HD) traded down 0.71% during mid-day trading on Monday, hitting $130.64. The stock had a trading volume of 4,858,978 shares. The company’s 50 day moving average price is $125.86 and its 200 day moving average price is $130.38. The Home Depot Inc. has a 52 week low of $109.62 and a 52 week high of $139.00. The firm 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 posted its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.02. The company earned $23.20 billion during the quarter, compared to the consensus estimate of $23.05 billion. The Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.36 EPS. Analysts anticipate that The Home Depot Inc. will post $6.34 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid 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 2.11%. The Home Depot’s payout ratio is 44.66%.
Several brokerages have recently weighed in on HD. Stifel Nicolaus began coverage on shares of The Home Depot in a research note on Tuesday, August 2nd. They set a “buy” rating and a $157.00 price target for the company. Wedbush reaffirmed a “neutral” rating and set a $140.00 price target (down from $145.00) on shares of The Home Depot in a research note on Tuesday, August 16th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $142.00 price target on shares of The Home Depot in a research note on Tuesday, August 16th. Nomura reaffirmed an “in-line” rating and set a $155.00 price target on shares of The Home Depot in a research note on Wednesday, August 17th. Finally, Argus raised their price target on shares of The Home Depot from $150.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $145.24.
In other news, EVP Edward P. Decker sold 20,000 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $130.80, for a total transaction of $2,616,000.00. Following the completion of the transaction, the executive vice president now owns 63,878 shares in the company, valued at approximately $8,355,242.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffery H. Boyd purchased 10,000 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were purchased at an average price of $128.27 per share, with a total value of $1,282,700.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $1,282,700. The disclosure for this purchase can be found here. Insiders own 0.26% of the company’s stock.
About The 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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.