Laurel Wealth Advisors Inc. grew its stake in shares of Home Depot Inc (NYSE:HD) by 25.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 8,932 shares of the home improvement retailer’s stock after buying an additional 1,800 shares during the period. Laurel Wealth Advisors Inc.’s holdings in Home Depot were worth $1,460,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in HD. Jacobi Capital Management LLC increased its stake in Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after acquiring an additional 101 shares during the period. Burt Wealth Advisors increased its stake in Home Depot by 83.5% in the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after acquiring an additional 396 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in Home Depot by 63.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after acquiring an additional 340 shares during the period. Empire Life Investments Inc. increased its stake in Home Depot by 233.4% in the third quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock valued at $157,000 after acquiring an additional 670 shares during the period. Finally, Glassman Wealth Services increased its stake in Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after acquiring an additional 300 shares during the period. 70.36% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Craig A. Menear sold 113,687 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total transaction of $20,894,533.73. Following the sale, the chief executive officer now directly owns 237,957 shares of the company’s stock, valued at $43,734,117.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Carey sold 41,396 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the sale, the executive vice president now directly owns 29,559 shares in the company, valued at $5,410,183.77. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.
Shares of Home Depot Inc (HD) opened at $188.35 on Monday. Home Depot Inc has a 52 week low of $144.25 and a 52 week high of $207.60. The company has a debt-to-equity ratio of 16.69, a quick ratio of 0.38 and a current ratio of 1.17. The company has a market cap of $219,945.53, a P/E ratio of 25.28, a PEG ratio of 1.45 and a beta of 1.08.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.07. Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The business had revenue of $23.88 billion for the quarter, compared to analysts’ expectations of $23.65 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. Home Depot’s revenue was up 7.5% compared to the same quarter last year. analysts anticipate that Home Depot Inc will post 9.41 EPS for the current fiscal year.
Home Depot announced that its board has approved a stock buyback plan on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be paid a dividend of $1.03 per share. This is a boost from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, March 7th. Home Depot’s dividend payout ratio is 48.90%.
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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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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