Home Depot, Inc. (The) (HD) Position Raised by Sandhill Capital Partners LLC
Sandhill Capital Partners LLC increased its holdings in Home Depot, Inc. (The) (NYSE:HD) by 2.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,031 shares of the home improvement retailer’s stock after buying an additional 109 shares during the period. Sandhill Capital Partners LLC’s holdings in Home Depot were worth $618,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. IFP Advisors Inc raised its position in Home Depot by 3.0% during the second quarter. IFP Advisors Inc now owns 73,631 shares of the home improvement retailer’s stock valued at $11,295,000 after purchasing an additional 2,133 shares in the last quarter. Smithfield Trust Co. raised its position in Home Depot by 0.3% during the second quarter. Smithfield Trust Co. now owns 8,387 shares of the home improvement retailer’s stock valued at $1,287,000 after purchasing an additional 25 shares in the last quarter. Quantitative Systematic Strategies LLC raised its position in Home Depot by 12.2% during the second quarter. Quantitative Systematic Strategies LLC now owns 19,718 shares of the home improvement retailer’s stock valued at $3,001,000 after purchasing an additional 2,139 shares in the last quarter. BP PLC raised its position in Home Depot by 16.2% during the second quarter. BP PLC now owns 179,000 shares of the home improvement retailer’s stock valued at $27,459,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in Home Depot during the first quarter valued at about $99,739,000. Institutional investors own 70.37% of the company’s stock.
Home Depot, Inc. (HD) traded down $1.42 on Monday, hitting $181.99. The stock had a trading volume of 1,910,362 shares, compared to its average volume of 4,466,046. The stock has a market capitalization of $214,176.86, a P/E ratio of 25.47, a P/E/G ratio of 1.86 and a beta of 1.11. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. Home Depot, Inc. has a 1 year low of $131.10 and a 1 year high of $186.31.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a $0.89 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 1.96%. Home Depot’s payout ratio is presently 49.44%.
Home Depot announced that its board has initiated a stock buyback program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
HD has been the topic of a number of research reports. Bank of America restated a “buy” rating and set a $170.00 price target on shares of Home Depot in a research report on Tuesday, September 5th. Vetr upgraded Home Depot from a “buy” rating to a “strong-buy” rating and set a $166.59 price target on the stock in a research report on Monday, August 28th. Zacks Investment Research downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Credit Suisse Group set a $171.00 price target on Home Depot and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, BidaskClub downgraded Home Depot from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Home Depot currently has an average rating of “Buy” and a consensus price target of $182.06.
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Home Depot 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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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