Kwmg LLC grew its position in shares of The Home Depot, Inc. (NYSE:HD – Get Rating) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,620 shares of the home improvement retailer’s stock after purchasing an additional 707 shares during the quarter. Kwmg LLC’s holdings in Home Depot were worth $4,034,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the company. Fairfield Bush & CO. bought a new position in shares of Home Depot during the first quarter worth about $27,000. Grayhawk Investment Strategies Inc. bought a new position in shares of Home Depot during the second quarter worth about $28,000. Swaine & Leidel Wealth Services LLC bought a new position in shares of Home Depot during the first quarter worth about $30,000. Mizuho Securities Co. Ltd. raised its position in shares of Home Depot by 119.5% during the second quarter. Mizuho Securities Co. Ltd. now owns 90 shares of the home improvement retailer’s stock worth $37,000 after acquiring an additional 49 shares during the last quarter. Finally, Klaas Financial Asset Advisors LLC bought a new position in shares of Home Depot during the third quarter worth about $41,000. 68.31% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Home Depot news, EVP Fahim Siddiqui sold 2,000 shares of the business’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total value of $622,580.00. Following the transaction, the executive vice president now owns 3,928 shares of the company’s stock, valued at $1,222,747.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Fahim Siddiqui sold 2,000 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the transaction, the executive vice president now owns 3,928 shares of the company’s stock, valued at approximately $1,222,747.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paula Santilli purchased 1,583 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were purchased at an average cost of $315.80 per share, for a total transaction of $499,911.40. Following the transaction, the director now directly owns 1,583 shares in the company, valued at $499,911.40. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.
Home Depot Stock Up 0.7 %
Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.13. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The business had revenue of $38.87 billion for the quarter, compared to analysts’ expectations of $37.96 billion. During the same quarter in the previous year, the firm earned $3.92 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts forecast that The Home Depot, Inc. will post 16.64 earnings per share for the current fiscal year.
Home Depot Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were given a $1.90 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $7.60 annualized dividend and a yield of 2.39%. Home Depot’s dividend payout ratio is currently 45.81%.
Analysts Set New Price Targets
HD has been the subject of a number of analyst reports. Credit Suisse Group initiated coverage on Home Depot in a research report on Tuesday, December 20th. They set a “neutral” rating and a $335.00 price objective for the company. TheStreet upgraded Home Depot from a “c+” rating to a “b” rating in a report on Tuesday, November 15th. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Monday, November 21st. The Goldman Sachs Group lowered their target price on Home Depot from $366.00 to $329.00 and set a “buy” rating for the company in a report on Tuesday, November 8th. Finally, Piper Sandler lowered their target price on Home Depot from $327.00 to $323.00 and set a “neutral” rating for the company in a report on Wednesday, November 16th. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $341.24.
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 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.
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