Ingalls & Snyder LLC Sells 1,237 Shares of Home Depot Inc (NYSE:HD)

Ingalls & Snyder LLC decreased its holdings in shares of Home Depot Inc (NYSE:HD) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 83,499 shares of the home improvement retailer’s stock after selling 1,237 shares during the period. Home Depot makes up 1.0% of Ingalls & Snyder LLC’s holdings, making the stock its 26th largest position. Ingalls & Snyder LLC’s holdings in Home Depot were worth $18,235,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HD. Nuveen Asset Management LLC grew its holdings in shares of Home Depot by 3,457.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock valued at $2,005,132,000 after buying an additional 9,370,409 shares during the period. Morgan Stanley grew its holdings in shares of Home Depot by 0.5% in the 2nd quarter. Morgan Stanley now owns 8,327,709 shares of the home improvement retailer’s stock valued at $1,731,916,000 after buying an additional 44,258 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Home Depot by 26.4% in the 3rd quarter. Fisher Asset Management LLC now owns 6,135,124 shares of the home improvement retailer’s stock valued at $1,423,472,000 after buying an additional 1,280,467 shares during the period. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Home Depot by 8.7% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 5,952,239 shares of the home improvement retailer’s stock valued at $1,632,392,000 after buying an additional 478,602 shares during the period. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of Home Depot by 5.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,974,827 shares of the home improvement retailer’s stock valued at $1,034,615,000 after buying an additional 266,095 shares during the period. Institutional investors own 69.87% of the company’s stock.

In other news, CEO Craig A. Menear sold 113,468 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $211.24, for a total transaction of $23,968,980.32. Following the completion of the transaction, the chief executive officer now directly owns 277,604 shares in the company, valued at approximately $58,641,068.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Teresa Wynn Roseborough sold 12,974 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $213.70, for a total transaction of $2,772,543.80. Following the transaction, the executive vice president now owns 26,335 shares of the company’s stock, valued at $5,627,789.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,552 shares of company stock valued at $26,765,281. Company insiders own 0.27% of the company’s stock.

Shares of NYSE HD opened at $224.59 on Thursday. The firm has a market cap of $243.05 billion, a PE ratio of 22.71, a PEG ratio of 1.97 and a beta of 1.00. Home Depot Inc has a 1-year low of $172.00 and a 1-year high of $239.31. The company has a fifty day moving average price of $218.89 and a 200 day moving average price of $222.23.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $2.53. The firm had revenue of $27.22 billion during the quarter, compared to analyst estimates of $27.51 billion. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.51 EPS. Analysts expect that Home Depot Inc will post 10.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.42%. Home Depot’s dividend payout ratio is 55.01%.

Several equities analysts have recently issued reports on HD shares. Edward Jones lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Gordon Haskett lowered shares of Home Depot from a “buy” rating to an “accumulate” rating and set a $230.00 price target for the company. in a report on Thursday, December 12th. ValuEngine raised shares of Home Depot from a “sell” rating to a “hold” rating in a report on Thursday, December 26th. Wells Fargo & Co reissued a “buy” rating and issued a $260.00 price target on shares of Home Depot in a report on Tuesday, November 19th. Finally, Credit Suisse Group raised shares of Home Depot from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $225.00 to $235.00 in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $237.31.

About Home Depot

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 provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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