TPG Financial Advisors LLC boosted its position in shares of Home Depot Inc (NYSE:HD) by 10.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,063 shares of the home improvement retailer’s stock after buying an additional 101 shares during the quarter. TPG Financial Advisors LLC’s holdings in Home Depot were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Armbruster Capital Management Inc. raised its holdings in shares of Home Depot by 6.6% in the 2nd quarter. Armbruster Capital Management Inc. now owns 1,386 shares of the home improvement retailer’s stock valued at $347,000 after purchasing an additional 86 shares during the period. Bruderman Asset Management LLC increased its position in Home Depot by 8.5% during the second quarter. Bruderman Asset Management LLC now owns 28,186 shares of the home improvement retailer’s stock worth $6,994,000 after buying an additional 2,206 shares during the last quarter. Fiduciary Planning LLC raised its stake in Home Depot by 10.8% in the second quarter. Fiduciary Planning LLC now owns 5,660 shares of the home improvement retailer’s stock valued at $1,503,000 after buying an additional 552 shares during the period. Grove Bank & Trust raised its stake in Home Depot by 1.5% in the second quarter. Grove Bank & Trust now owns 7,798 shares of the home improvement retailer’s stock valued at $1,953,000 after buying an additional 113 shares during the period. Finally, WESPAC Advisors SoCal LLC lifted its position in shares of Home Depot by 3.2% in the second quarter. WESPAC Advisors SoCal LLC now owns 32,755 shares of the home improvement retailer’s stock valued at $8,192,000 after buying an additional 1,027 shares during the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.
In other news, EVP Matt Carey sold 50,478 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $276.43, for a total value of $13,953,633.54. Following the completion of the transaction, the executive vice president now owns 62,735 shares of the company’s stock, valued at $17,341,836.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William G. Lennie sold 13,199 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $283.22, for a total transaction of $3,738,220.78. Following the completion of the sale, the executive vice president now owns 49,736 shares in the company, valued at $14,086,229.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,304 shares of company stock worth $32,088,591. Company insiders own 0.26% of the company’s stock.
Shares of Home Depot stock opened at $287.66 on Friday. Home Depot Inc has a 12-month low of $140.63 and a 12-month high of $292.95. The company has a market capitalization of $309.65 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 2.38 and a beta of 1.09. The firm’s 50-day moving average price is $278.34 and its two-hundred day moving average price is $251.27.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.20 by $0.82. The company had revenue of $38.05 billion during the quarter, compared to the consensus estimate of $32.13 billion. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.17 EPS. On average, research analysts forecast that Home Depot Inc will post 11.36 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Wednesday, September 2nd. Home Depot’s payout ratio is presently 58.54%.
HD has been the topic of a number of research analyst reports. Bank of America upgraded Home Depot from a “neutral” rating to a “buy” rating and increased their price target for the company from $290.00 to $330.00 in a research note on Wednesday, August 19th. Argus upped their price objective on shares of Home Depot from $300.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Wedbush raised their target price on shares of Home Depot from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Truist Financial upped their price target on shares of Home Depot from $240.00 to $300.00 in a research note on Wednesday, August 12th. Finally, Goldman Sachs Group increased their price target on shares of Home Depot from $265.00 to $301.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $288.79.
Home Depot Profile
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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