Bessemer Securities LLC Lowers Position in The Home Depot, Inc. (NYSE:HD)

Bessemer Securities LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HDFree Report) by 19.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,581 shares of the home improvement retailer’s stock after selling 850 shares during the period. Bessemer Securities LLC’s holdings in Home Depot were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Kalos Management Inc. bought a new stake in Home Depot during the first quarter valued at about $26,000. Fairfield Bush & CO. bought a new stake in shares of Home Depot in the 1st quarter valued at about $27,000. KB Financial Partners LLC bought a new stake in shares of Home Depot in the 1st quarter valued at about $28,000. Studio Investment Management LLC purchased a new position in shares of Home Depot in the 4th quarter worth approximately $32,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Home Depot during the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Insider Buying and Selling at Home Depot

In related news, CAO Kimberly R. Scardino sold 1,375 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $306.51, for a total value of $421,451.25. Following the completion of the sale, the chief accounting officer now owns 6,744 shares of the company’s stock, valued at approximately $2,067,103.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO Kimberly R. Scardino sold 1,375 shares of Home Depot stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $306.51, for a total value of $421,451.25. Following the sale, the chief accounting officer now directly owns 6,744 shares in the company, valued at approximately $2,067,103.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 6,091 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $324.22, for a total value of $1,974,824.02. Following the completion of the transaction, the executive vice president now owns 22,749 shares in the company, valued at approximately $7,375,680.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,186 shares of company stock valued at $6,862,827. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HD. Citigroup upped their price target on Home Depot from $327.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Wedbush upped their target price on Home Depot from $290.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, August 16th. Telsey Advisory Group reissued a “market perform” rating and issued a $325.00 price target on shares of Home Depot in a report on Wednesday, November 15th. Oppenheimer restated an “outperform” rating and set a $360.00 price objective on shares of Home Depot in a report on Wednesday, November 15th. Finally, Royal Bank of Canada lowered their target price on shares of Home Depot from $303.00 to $299.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 15th. Twelve equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $339.57.

View Our Latest Research Report on HD

Home Depot Stock Performance

Shares of NYSE HD traded down $1.02 during midday trading on Monday, reaching $306.25. 416,584 shares of the stock were exchanged, compared to its average volume of 3,613,492. The company has a quick ratio of 0.35, a current ratio of 1.30 and a debt-to-equity ratio of 28.37. The firm has a 50-day simple moving average of $298.63 and a two-hundred day simple moving average of $306.73. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $347.25. The firm has a market cap of $306.27 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 2.30 and a beta of 0.93.

Home Depot (NYSE:HDGet Free Report) last released its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 EPS for the quarter, beating the consensus estimate of $3.75 by $0.06. The company had revenue of $37.71 billion for the quarter, compared to analyst estimates of $37.59 billion. Home Depot had a net margin of 10.22% and a return on equity of 1,339.65%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business earned $4.24 earnings per share. As a group, analysts anticipate that The Home Depot, Inc. will post 15.05 EPS for the current fiscal year.

Home Depot declared that its board has authorized a share repurchase program on Tuesday, August 15th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to repurchase up to 4.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be given a dividend of $2.09 per share. The ex-dividend date is Wednesday, November 29th. This represents a $8.36 dividend on an annualized basis and a yield of 2.73%. Home Depot’s dividend payout ratio is currently 53.66%.

Home Depot Company Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer. It sells various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

Featured Articles

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDFree Report).

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.