Janney Montgomery Scott LLC boosted its stake in shares of Home Depot Inc (NYSE:HD) by 10.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 187,512 shares of the home improvement retailer’s stock after purchasing an additional 17,517 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Home Depot were worth $30,670,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of HD. Janus Henderson Group PLC lifted its holdings in shares of Home Depot by 2,013.2% in the second quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after purchasing an additional 3,162,631 shares in the last quarter. Capital International Investors lifted its holdings in shares of Home Depot by 132.5% in the third quarter. Capital International Investors now owns 3,268,036 shares of the home improvement retailer’s stock valued at $534,520,000 after purchasing an additional 1,862,134 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Home Depot by 8,118.8% in the third quarter. Stifel Financial Corp now owns 1,174,227 shares of the home improvement retailer’s stock valued at $191,976,000 after purchasing an additional 1,159,940 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Home Depot in the second quarter valued at about $133,780,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Home Depot by 35.2% in the second quarter. Parametric Portfolio Associates LLC now owns 3,265,338 shares of the home improvement retailer’s stock valued at $500,903,000 after purchasing an additional 850,074 shares in the last quarter. Institutional investors own 70.36% of the company’s stock.
In other news, EVP Ann Marie Campbell sold 37,680 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $186.26, for a total value of $7,018,276.80. Following the completion of the sale, the executive vice president now owns 53,459 shares of the company’s stock, valued at $9,957,273.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Craig A. Menear sold 113,687 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $183.79, for a total transaction of $20,894,533.73. Following the completion of the sale, the chief executive officer now directly owns 237,957 shares of the company’s stock, valued at approximately $43,734,117.03. The disclosure for this sale can be found here. Insiders sold 192,763 shares of company stock valued at $35,489,520 in the last three months. Company insiders own 0.26% of the company’s stock.
Home Depot Inc (NYSE:HD) opened at $188.46 on Tuesday. 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 firm has a market cap of $219,945.53, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. Home Depot Inc has a one year low of $144.25 and a one year high of $207.60.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $23.88 billion for the quarter, compared to the consensus estimate of $23.65 billion. During the same quarter last year, the firm posted $1.44 earnings per share. Home Depot’s revenue was up 7.5% on a year-over-year basis. equities analysts expect that Home Depot Inc will post 9.41 EPS for the current year.
Home Depot announced that its board has initiated a stock repurchase program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be given a $1.03 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $4.12 annualized dividend and a dividend yield of 2.19%. This is a positive change from Home Depot’s previous quarterly dividend of $0.89. Home Depot’s dividend payout ratio is presently 48.90%.
About Home Depot
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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