ST Germain D J Co. Inc. Invests $6.35 Million in The Home Depot, Inc. (NYSE:HD)
ST Germain D J Co. Inc. acquired a new position in The Home Depot, Inc. (NYSE:HD – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,451 shares of the home improvement retailer’s stock, valued at approximately $6,353,000.
Several other institutional investors have also recently made changes to their positions in HD. Carnegie Capital Asset Management LLC grew its position in shares of Home Depot by 7.2% during the second quarter. Carnegie Capital Asset Management LLC now owns 47,911 shares of the home improvement retailer’s stock worth $14,883,000 after purchasing an additional 3,211 shares in the last quarter. National Pension Service grew its position in shares of Home Depot by 6.4% during the second quarter. National Pension Service now owns 1,543,616 shares of the home improvement retailer’s stock worth $475,156,000 after purchasing an additional 92,354 shares in the last quarter. Outlook Wealth Advisors LLC grew its position in shares of Home Depot by 3.6% during the second quarter. Outlook Wealth Advisors LLC now owns 4,960 shares of the home improvement retailer’s stock worth $1,541,000 after purchasing an additional 171 shares in the last quarter. Impax Asset Management Group plc grew its position in shares of Home Depot by 3.6% during the second quarter. Impax Asset Management Group plc now owns 5,391 shares of the home improvement retailer’s stock worth $1,675,000 after purchasing an additional 186 shares in the last quarter. Finally, Richard W. Paul & Associates LLC grew its holdings in Home Depot by 5.2% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 3,064 shares of the home improvement retailer’s stock valued at $952,000 after buying an additional 152 shares in the last quarter. Institutional investors own 68.34% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on HD shares. Oppenheimer restated an “outperform” rating and set a $360.00 price target on shares of Home Depot in a report on Wednesday, November 15th. Guggenheim cut their price target on Home Depot from $360.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Royal Bank of Canada cut their price target on Home Depot from $303.00 to $299.00 and set a “sector perform” rating for the company in a report on Wednesday, November 15th. Stifel Nicolaus cut their price target on Home Depot from $350.00 to $306.00 and set a “hold” rating for the company in a report on Monday, November 13th. Finally, StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Sunday, October 15th. Twelve research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $340.14.
Home Depot Price Performance
Shares of HD stock opened at $351.81 on Friday. The Home Depot, Inc. has a 52-week low of $274.26 and a 52-week high of $353.07. The company has a debt-to-equity ratio of 28.37, a quick ratio of 0.33 and a current ratio of 1.30. The firm has a market capitalization of $350.14 billion, a P/E ratio of 22.58, a P/E/G ratio of 2.49 and a beta of 0.94. The stock has a 50 day moving average price of $302.99 and a 200 day moving average price of $310.60.
Home Depot (NYSE:HD – Get Free Report) last issued its earnings results on Tuesday, November 14th. The home improvement retailer reported $3.81 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.06. The business had revenue of $37.71 billion during the quarter, compared to analyst estimates of $37.59 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 10.22%. Home Depot’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.24 EPS. As a group, sell-side analysts predict that The Home Depot, Inc. will post 15.05 earnings per share for the current year.
Home Depot Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were given a dividend of $2.09 per share. This represents a $8.36 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is presently 53.66%.
Insider Buying and Selling at Home Depot
In other Home Depot news, CAO Kimberly R. Scardino sold 1,375 shares of Home Depot stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $306.51, for a total transaction of $421,451.25. Following the completion of the sale, the chief accounting officer now directly owns 6,744 shares of the company’s stock, valued at approximately $2,067,103.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Kimberly R. Scardino sold 1,375 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $306.51, for a total value of $421,451.25. Following the completion of the transaction, the chief accounting officer now directly owns 6,744 shares of the company’s stock, valued at approximately $2,067,103.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP William D. Bastek sold 1,612 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $313.90, for a total value of $506,006.80. Following the completion of the transaction, the executive vice president now directly owns 17,966 shares of the company’s stock, valued at $5,639,527.40. The disclosure for this sale can be found here. Insiders sold a total of 3,114 shares of company stock valued at $966,456 in the last ninety days. Corporate insiders own 0.19% of the company’s stock.
About Home Depot (Free Report)
The Home Depot, Inc operates as a home improvement retailer. It sells 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, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.
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