Lincoln National Corp Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Lincoln National Corp increased its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 4.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 34,430 shares of the home improvement retailer’s stock after acquiring an additional 1,453 shares during the period. Lincoln National Corp’s holdings in Home Depot were worth $9,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Personal Financial Services boosted its holdings in Home Depot by 81.1% in the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 43 shares in the last quarter. Fairfield Bush & CO. purchased a new stake in Home Depot in the 1st quarter valued at approximately $27,000. Grayhawk Investment Strategies Inc. purchased a new stake in Home Depot in the 2nd quarter valued at approximately $28,000. Mizuho Securities Co. Ltd. boosted its holdings in Home Depot by 119.5% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 90 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 49 shares in the last quarter. Finally, Klaas Financial Asset Advisors LLC purchased a new stake in Home Depot in the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 68.31% of the company’s stock.

Home Depot Price Performance

Shares of NYSE:HD opened at $315.48 on Tuesday. The business’s fifty day moving average price is $320.75 and its two-hundred day moving average price is $302.70. The stock has a market cap of $322.97 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 1.68 and a beta of 0.95. The company has a debt-to-equity ratio of 32.16, a quick ratio of 0.33 and a current ratio of 1.39. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $374.67.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $38.87 billion for the quarter, compared to analyst estimates of $37.96 billion. During the same quarter in the prior year, the company posted $3.92 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts forecast that The Home Depot, Inc. will post 16.64 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were paid a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Wednesday, November 30th. Home Depot’s dividend payout ratio is presently 45.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. BNP Paribas lowered Home Depot from an “outperform” rating to a “neutral” rating and set a $286.00 price objective on the stock. in a report on Wednesday, October 19th. The Goldman Sachs Group lowered their price objective on Home Depot from $366.00 to $329.00 and set a “buy” rating on the stock in a report on Tuesday, November 8th. JPMorgan Chase & Co. lowered their price objective on Home Depot from $347.00 to $300.00 in a report on Friday, November 11th. StockNews.com cut Home Depot from a “buy” rating to a “hold” rating in a report on Monday, November 21st. Finally, Credit Suisse Group assumed coverage on Home Depot in a report on Tuesday, December 20th. They issued a “neutral” rating and a $335.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $341.24.

Insiders Place Their Bets

In other Home Depot news, Director Paula Santilli purchased 1,583 shares of Home Depot stock in a transaction on Wednesday, November 16th. The shares were bought at an average price of $315.80 per share, with a total value of $499,911.40. Following the purchase, the director now directly owns 1,583 shares in the company, valued at approximately $499,911.40. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Home Depot news, Director Paula Santilli purchased 1,583 shares of Home Depot stock in a transaction on Wednesday, November 16th. The shares were bought at an average price of $315.80 per share, with a total value of $499,911.40. Following the purchase, the director now directly owns 1,583 shares in the company, valued at approximately $499,911.40. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Fahim Siddiqui sold 2,000 shares of the 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 completion of the transaction, the executive vice president now directly owns 3,928 shares in the company, valued at $1,222,747.12. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

About Home Depot

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

Further Reading

Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Home Depot, Inc. (NYSE:HDGet Rating).

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

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