Mark Sheptoff Financial Planning LLC increased its position in The Home Depot Inc. (NYSE:HD) by 17.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,401 shares of the home improvement retailer’s stock after buying an additional 650 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in The Home Depot were worth $562,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Arvest Bank Trust Division acquired a new position in The Home Depot during the first quarter worth $281,000. Sanders Morris Harris Inc. purchased a new position in shares of The Home Depot during the first quarter worth approximately $3,524,000. Investment Centers of America Inc. raised its position in shares of The Home Depot by 29.5% in the first quarter. Investment Centers of America Inc. now owns 21,236 shares of the home improvement retailer’s stock worth $2,829,000 after buying an additional 4,842 shares in the last quarter. Wade G W & Inc. raised its position in shares of The Home Depot by 9.3% in the first quarter. Wade G W & Inc. now owns 4,243 shares of the home improvement retailer’s stock worth $566,000 after buying an additional 362 shares in the last quarter. Finally, Hills Bank & Trust Co. raised its position in shares of The Home Depot by 1.8% in the first quarter. Hills Bank & Trust Co. now owns 48,396 shares of the home improvement retailer’s stock worth $6,458,000 after buying an additional 843 shares in the last quarter. Institutional investors own 71.86% of the company’s stock.
Shares of The Home Depot Inc. (NYSE:HD) traded down 0.64% during midday trading on Tuesday, reaching $126.43. The company’s stock had a trading volume of 538,361 shares. The stock has a market cap of $156.21 billion, a price-to-earnings ratio of 21.40 and a beta of 0.97. The stock has a 50-day moving average price of $130.11 and a 200-day moving average price of $132.55. The Home Depot Inc. has a 52-week low of $109.62 and a 52-week high of $139.00.
The Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.97. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The company earned $26.47 billion during the quarter, compared to analyst estimates of $26.47 billion. During the same quarter in the previous year, the company posted $1.71 EPS. The Home Depot’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts anticipate that The Home Depot Inc. will post $6.33 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Tuesday, August 30th. The Home Depot’s dividend payout ratio (DPR) is presently 46.54%.
HD has been the topic of a number of research reports. Zacks Investment Research raised The Home Depot from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a report on Tuesday, October 4th. Jefferies Group reaffirmed a “buy” rating on shares of The Home Depot in a report on Sunday, July 3rd. Argus reaffirmed a “hold” rating and issued a $154.00 price objective on shares of The Home Depot in a report on Friday, September 16th. Morgan Stanley set a $145.00 price objective on The Home Depot and gave the company a “hold” rating in a report on Wednesday, September 28th. Finally, Vetr raised The Home Depot from a “hold” rating to a “buy” rating and set a $140.30 price objective on the stock in a report on Thursday, September 8th. Seven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The Home Depot currently has a consensus rating of “Buy” and an average target price of $146.86.
In other The Home Depot news, EVP Timothy M. Crow sold 49,392 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $135.06, for a total transaction of $6,670,883.52. Following the completion of the transaction, the executive vice president now owns 224,905 shares of the company’s stock, valued at approximately $30,375,669.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Carol B. Tome sold 97,610 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $135.35, for a total value of $13,211,513.50. Following the transaction, the chief financial officer now directly owns 644,831 shares of the company’s stock, valued at approximately $87,277,875.85. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.
The Home Depot Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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