Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 265,893 shares of the home improvement retailer’s stock after buying an additional 3,232 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in The Home Depot were worth $70,627,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jensen Investment Management Inc. acquired a new stake in The Home Depot in the third quarter worth approximately $224,716,000. AJO LP boosted its holdings in shares of The Home Depot by 1,377.3% during the 3rd quarter. AJO LP now owns 598,261 shares of the home improvement retailer’s stock valued at $166,142,000 after buying an additional 557,765 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of The Home Depot by 139.2% during the 3rd quarter. Acadian Asset Management LLC now owns 818,182 shares of the home improvement retailer’s stock valued at $227,215,000 after buying an additional 476,103 shares in the last quarter. Morgan Stanley boosted its holdings in shares of The Home Depot by 5.0% during the 3rd quarter. Morgan Stanley now owns 9,970,350 shares of the home improvement retailer’s stock valued at $2,768,863,000 after buying an additional 470,651 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of The Home Depot by 37.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,690,406 shares of the home improvement retailer’s stock valued at $469,276,000 after buying an additional 459,661 shares in the last quarter. 63.23% of the stock is currently owned by institutional investors.
A number of brokerages have recently commented on HD. Gordon Haskett upgraded shares of The Home Depot from an “accumulate” rating to a “buy” rating and set a $315.00 target price on the stock in a report on Thursday, November 12th. Oppenheimer cut shares of The Home Depot from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $320.00 to $305.00 in a report on Friday, September 18th. Telsey Advisory Group upgraded shares of The Home Depot from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $300.00 to $315.00 in a report on Monday, November 16th. DA Davidson dropped their price target on shares of The Home Depot from $315.00 to $295.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 18th. Finally, BNP Paribas began coverage on shares of The Home Depot in a research note on Monday, October 5th. They issued an “outperform” rating and a $310.00 price target on the stock. Five research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $293.25.
The Home Depot (NYSE:HD) last released its quarterly earnings results on Monday, November 16th. The home improvement retailer reported $3.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.08 by $0.10. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The firm had revenue of $33.54 billion during the quarter, compared to analyst estimates of $32.03 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. On average, equities analysts anticipate that The Home Depot, Inc. will post 11.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, December 2nd. The Home Depot’s payout ratio is currently 58.54%.
In related news, EVP Ann Marie Campbell sold 120 shares of the business’s stock in a transaction that occurred on Friday, November 20th. The stock was sold at an average price of $269.03, for a total transaction of $32,283.60. Following the completion of the transaction, the executive vice president now directly owns 46,611 shares in the company, valued at approximately $12,539,757.33. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Edward P. Decker sold 25,595 shares of the business’s stock in a transaction that occurred on Thursday, November 19th. The shares were sold at an average price of $269.40, for a total value of $6,895,293.00. Following the transaction, the chief operating officer now owns 97,352 shares of the company’s stock, valued at $26,226,628.80. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.
The 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 dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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