The Home Depot, Inc. (NYSE:HD) Shares Acquired by Rockland Trust Co.

Rockland Trust Co. lifted its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 1.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,866 shares of the home improvement retailer’s stock after buying an additional 1,543 shares during the quarter. Home Depot makes up approximately 1.7% of Rockland Trust Co.’s portfolio, making the stock its 12th biggest position. Rockland Trust Co.’s holdings in Home Depot were worth $24,099,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HD. Sky Investment Group LLC boosted its holdings in Home Depot by 3.4% in the first quarter. Sky Investment Group LLC now owns 21,198 shares of the home improvement retailer’s stock valued at $6,345,000 after purchasing an additional 703 shares in the last quarter. Barrett Asset Management LLC boosted its holdings in shares of Home Depot by 5.6% in the first quarter. Barrett Asset Management LLC now owns 66,478 shares of the home improvement retailer’s stock valued at $19,898,000 after acquiring an additional 3,507 shares during the period. Everhart Financial Group Inc. boosted its holdings in shares of Home Depot by 28.5% in the first quarter. Everhart Financial Group Inc. now owns 2,062 shares of the home improvement retailer’s stock valued at $617,000 after acquiring an additional 457 shares during the period. Diversified LLC boosted its holdings in shares of Home Depot by 1.5% in the first quarter. Diversified LLC now owns 3,257 shares of the home improvement retailer’s stock valued at $975,000 after acquiring an additional 47 shares during the period. Finally, Matisse Capital boosted its holdings in shares of Home Depot by 3.9% in the first quarter. Matisse Capital now owns 2,664 shares of the home improvement retailer’s stock valued at $797,000 after acquiring an additional 100 shares during the period. 68.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 12,650 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $316.26, for a total value of $4,000,689.00. Following the sale, the executive vice president now owns 34,522 shares of the company’s stock, valued at approximately $10,917,927.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Fahim Siddiqui sold 1,000 shares of the business’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $300.59, for a total transaction of $300,590.00. Following the sale, the executive vice president now directly owns 6,180 shares of the company’s stock, valued at $1,857,646.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matt Carey sold 12,650 shares of Home Depot stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $316.26, for a total value of $4,000,689.00. Following the transaction, the executive vice president now owns 34,522 shares in the company, valued at approximately $10,917,927.72. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

Home Depot Stock Down 0.9 %

Shares of Home Depot stock opened at $269.14 on Friday. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61. The company has a debt-to-equity ratio of 165.70, a current ratio of 1.18 and a quick ratio of 0.25. The business’s fifty day moving average price is $299.46 and its two-hundred day moving average price is $299.57. The company has a market capitalization of $275.53 billion, a P/E ratio of 16.54, a PEG ratio of 1.47 and a beta of 0.99.

Home Depot (NYSE:HDGet Rating) last posted its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $5.05 EPS for the quarter, topping analysts’ consensus estimates of $4.95 by $0.10. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The company had revenue of $43.79 billion for the quarter, compared to the consensus estimate of $43.33 billion. During the same quarter in the previous year, the business earned $4.53 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, research analysts forecast that The Home Depot, Inc. will post 16.56 EPS for the current year.

Home Depot declared that its Board of Directors has authorized a share repurchase plan on Thursday, August 18th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to buy up to 4.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Wednesday, August 31st. Home Depot’s dividend payout ratio is presently 46.71%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. DA Davidson increased their price objective on Home Depot to $334.00 in a report on Monday, August 22nd. JPMorgan Chase & Co. cut their price target on Home Depot from $335.00 to $311.00 and set an “overweight” rating for the company in a research note on Tuesday, August 9th. Morgan Stanley upped their price target on Home Depot from $350.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 17th. MKM Partners began coverage on Home Depot in a research report on Thursday, June 23rd. They issued a “neutral” rating and a $285.00 price objective for the company. Finally, Wedbush upped their target price on Home Depot from $320.00 to $340.00 and gave the company a “neutral” rating in a report on Wednesday, August 17th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $365.95.

Home Depot Profile

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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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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