Stokes Capital Advisors LLC Has $5.06 Million Holdings in The Home Depot, Inc. (NYSE:HD)

Stokes Capital Advisors LLC raised its position in The Home Depot, Inc. (NYSE:HDGet Rating) by 3.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 18,431 shares of the home improvement retailer’s stock after acquiring an additional 698 shares during the period. Home Depot makes up about 1.8% of Stokes Capital Advisors LLC’s holdings, making the stock its 25th largest position. Stokes Capital Advisors LLC’s holdings in Home Depot were worth $5,055,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Rinkey Investments purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $25,000. GW&K Investment Management LLC purchased a new position in shares of Home Depot during the first quarter valued at approximately $25,000. Tobam purchased a new position in shares of Home Depot during the first quarter valued at approximately $27,000. Fairfield Bush & CO. purchased a new position in shares of Home Depot during the first quarter valued at approximately $27,000. Finally, Clear Perspectives Financial Planning LLC boosted its position in shares of Home Depot by 135.0% during the first quarter. Clear Perspectives Financial Planning LLC now owns 94 shares of the home improvement retailer’s stock valued at $28,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 68.66% of the company’s stock.

Insider Buying and Selling

In related news, EVP Matt Carey sold 12,650 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the completion of the transaction, the executive vice president now directly owns 34,522 shares in the company, valued at $10,917,927.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Fahim Siddiqui sold 1,000 shares of the business’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $300.59, for a total transaction of $300,590.00. Following the completion of the transaction, the executive vice president now directly owns 6,180 shares in the company, valued at $1,857,646.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Matt Carey sold 12,650 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $316.26, for a total value of $4,000,689.00. Following the transaction, the executive vice president now owns 34,522 shares of the company’s stock, valued at $10,917,927.72. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.

Home Depot Stock Performance

NYSE:HD opened at $269.14 on Friday. The company has a debt-to-equity ratio of 165.70, a quick ratio of 0.25 and a current ratio of 1.18. The Home Depot, Inc. has a 52-week low of $264.51 and a 52-week high of $420.61. The firm has a market cap of $275.53 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.47 and a beta of 0.99. The business’s fifty day moving average is $299.46 and its 200 day moving average is $299.57.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.95 by $0.10. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The company had revenue of $43.79 billion for the quarter, compared to analyst estimates of $43.33 billion. During the same period in the previous year, the company posted $4.53 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts predict that The Home Depot, Inc. will post 16.56 EPS for the current year.

Home Depot declared that its board has initiated a share repurchase program on Thursday, August 18th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.82%. Home Depot’s payout ratio is 46.71%.

Analyst Ratings Changes

A number of brokerages recently commented on HD. Piper Sandler lifted their price target on Home Depot to $327.00 in a report on Monday, August 22nd. Morgan Stanley lifted their price target on Home Depot from $350.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, August 17th. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday. Robert W. Baird lifted their price target on Home Depot from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Tuesday, August 16th. Finally, MKM Partners began coverage on Home Depot in a report on Thursday, June 23rd. They set a “neutral” rating and a $285.00 price target on the stock. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $365.95.

About Home Depot

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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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

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

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