Hefty Wealth Partners Buys 3,136 Shares of Home Depot, Inc. (The) (HD)
Hefty Wealth Partners boosted its stake in Home Depot, Inc. (The) (NYSE:HD) by 5,701.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,191 shares of the home improvement retailer’s stock after purchasing an additional 3,136 shares during the period. Hefty Wealth Partners’ holdings in Home Depot were worth $522,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Home Depot by 0.9% during the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock worth $12,336,016,000 after purchasing an additional 703,292 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Home Depot by 0.9% during the second quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock worth $3,071,943,000 after purchasing an additional 170,139 shares during the last quarter. Northern Trust Corp lifted its position in shares of Home Depot by 1.3% during the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock worth $2,659,010,000 after purchasing an additional 222,958 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Home Depot by 1.1% during the second quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock worth $1,231,485,000 after purchasing an additional 84,750 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Home Depot by 1.8% during the first quarter. Clearbridge Investments LLC now owns 7,890,301 shares of the home improvement retailer’s stock worth $1,158,533,000 after purchasing an additional 140,221 shares during the last quarter. Hedge funds and other institutional investors own 70.37% of the company’s stock.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total value of $7,576,709.88. Following the transaction, the executive vice president now owns 29,559 shares in the company, valued at $5,410,183.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 earnings per share. equities analysts forecast that Home Depot, Inc. will post 7.37 EPS for the current year.
Home Depot declared that its board has approved a share repurchase program on Wednesday, December 6th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were given a $0.89 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 1.95%. Home Depot’s dividend payout ratio (DPR) is 49.44%.
HD has been the topic of a number of recent research reports. BTIG Research raised their target price on shares of Home Depot to $215.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Argus raised their target price on shares of Home Depot from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Oppenheimer set a $178.00 target price on shares of Home Depot and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, SunTrust Banks raised their target price on shares of Home Depot to $167.00 and gave the stock a “hold” rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $183.28.
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About 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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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