Assetmark Inc. increased its position in The Home Depot, Inc. (NYSE:HD – Get Rating) by 20.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,571 shares of the home improvement retailer’s stock after purchasing an additional 2,845 shares during the quarter. Assetmark Inc.’s holdings in Home Depot were worth $4,573,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of HD. BCK Partners Inc. bought a new position in Home Depot in the first quarter worth approximately $2,933,000. Fairfield Bush & CO. bought a new position in Home Depot in the first quarter worth approximately $27,000. Ergoteles LLC bought a new stake in Home Depot during the 1st quarter valued at $1,554,000. Equitable Holdings Inc. boosted its position in Home Depot by 7.4% during the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock valued at $4,379,000 after acquiring an additional 1,007 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Home Depot by 3.2% during the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after acquiring an additional 24,640 shares in the last quarter. Institutional investors own 68.31% of the company’s stock.
Insiders Place Their Bets
In other news, EVP Fahim Siddiqui sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the sale, the executive vice president now directly owns 3,928 shares in the company, valued at approximately $1,222,747.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Home Depot news, Director Paula Santilli bought 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 of the company’s stock, valued at $499,911.40. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Fahim Siddiqui sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $311.29, for a total value of $622,580.00. Following the sale, the executive vice president now owns 3,928 shares in the company, valued at $1,222,747.12. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.
Home Depot Price Performance
Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings results 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. The company had revenue of $38.87 billion for the quarter, compared to the consensus estimate of $37.96 billion. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $3.92 EPS. Research analysts predict that The Home Depot, Inc. will post 16.64 earnings per share for the current year.
Home Depot Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were given a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a yield of 2.29%. The ex-dividend date was Wednesday, November 30th. Home Depot’s dividend payout ratio is currently 45.81%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Guggenheim dropped their target price on Home Depot to $335.00 in a research report on Thursday, November 17th. TheStreet raised Home Depot from a “c+” rating to a “b” rating in a research report on Tuesday, November 15th. Raymond James cut Home Depot from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 16th. The Goldman Sachs Group dropped their target price on Home Depot from $366.00 to $329.00 and set a “buy” rating on the stock in a research report on Tuesday, November 8th. Finally, Credit Suisse Group started coverage on Home Depot in a research report on Tuesday, December 20th. They set a “neutral” rating and a $335.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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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