Bridge Creek Capital Management LLC cut its stake in Home Depot Inc (NYSE:HD) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,753 shares of the home improvement retailer’s stock after selling 486 shares during the period. Bridge Creek Capital Management LLC’s holdings in Home Depot were worth $2,727,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in Home Depot by 9.9% in the third quarter. Pacer Advisors Inc. now owns 117,826 shares of the home improvement retailer’s stock valued at $27,338,000 after purchasing an additional 10,585 shares during the period. We Are One Seven LLC boosted its holdings in Home Depot by 6.6% in the third quarter. We Are One Seven LLC now owns 5,686 shares of the home improvement retailer’s stock valued at $1,319,000 after purchasing an additional 353 shares during the period. M. Kraus & Co purchased a new position in Home Depot in the third quarter valued at $305,000. Artemis Investment Management LLP boosted its holdings in Home Depot by 13.2% in the third quarter. Artemis Investment Management LLP now owns 306,833 shares of the home improvement retailer’s stock valued at $71,019,000 after purchasing an additional 35,782 shares during the period. Finally, Gradient Investments LLC boosted its holdings in Home Depot by 18.8% in the third quarter. Gradient Investments LLC now owns 15,126 shares of the home improvement retailer’s stock valued at $3,510,000 after purchasing an additional 2,399 shares during the period. Hedge funds and other institutional investors own 69.92% of the company’s stock.
A number of research analysts recently issued reports on the company. Loop Capital lifted their target price on Home Depot to $200.00 and gave the company a “hold” rating in a report on Wednesday, August 21st. Gabelli lowered Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. They noted that the move was a valuation call. Oppenheimer raised their price target on Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. KeyCorp restated a “hold” rating on shares of Home Depot in a research note on Wednesday, August 21st. Finally, SunTrust Banks restated a “hold” rating and issued a $208.00 price target on shares of Home Depot in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. Home Depot currently has an average rating of “Buy” and an average price target of $226.65.
In related news, EVP Edward P. Decker sold 22,908 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $227.15, for a total value of $5,203,552.20. Following the transaction, the executive vice president now owns 87,343 shares in the company, valued at approximately $19,839,962.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Carol B. Tome sold 145,400 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total value of $31,848,416.00. Following the completion of the transaction, the chief financial officer now owns 496,374 shares in the company, valued at approximately $108,725,760.96. The disclosure for this sale can be found here. Insiders have sold 177,508 shares of company stock worth $39,076,428 in the last quarter. Insiders own 0.27% of the company’s stock.
Shares of HD traded up $2.67 during midday trading on Thursday, reaching $231.61. 2,755,709 shares of the stock were exchanged, compared to its average volume of 3,751,527. The business’s 50-day moving average price is $227.13 and its 200 day moving average price is $209.14. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $235.49. The company has a market capitalization of $248.32 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 2.22 and a beta of 1.05.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, topping the Zacks’ consensus estimate of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The business had revenue of $30.84 billion for the quarter, compared to analysts’ expectations of $30.98 billion. During the same quarter in the previous year, the firm earned $3.05 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts expect that Home Depot Inc will post 10.11 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Wednesday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 55.01%.
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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