Home Depot Inc (HD) Position Lowered by Carderock Capital Management Inc.

Carderock Capital Management Inc. decreased its holdings in Home Depot Inc (NYSE:HD) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,837 shares of the home improvement retailer’s stock after selling 639 shares during the quarter. Carderock Capital Management Inc.’s holdings in Home Depot were worth $3,570,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in HD. Wela Strategies Inc. acquired a new stake in Home Depot during the second quarter valued at approximately $217,000. Beach Investment Management LLC. raised its stake in Home Depot by 1,023.1% during the second quarter. Beach Investment Management LLC. now owns 68,511 shares of the home improvement retailer’s stock valued at $10,510,000 after buying an additional 62,411 shares in the last quarter. Pacer Advisors Inc. raised its stake in Home Depot by 3.9% during the second quarter. Pacer Advisors Inc. now owns 27,363 shares of the home improvement retailer’s stock valued at $4,198,000 after buying an additional 1,018 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Home Depot by 6.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 399,856 shares of the home improvement retailer’s stock valued at $61,338,000 after buying an additional 22,781 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Home Depot by 7.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 113,397 shares of the home improvement retailer’s stock valued at $17,395,000 after buying an additional 7,858 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

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Home Depot Inc (NYSE:HD) opened at $171.80 on Monday. Home Depot Inc has a fifty-two week low of $144.25 and a fifty-two week high of $207.60. The stock has a market capitalization of $200,619.28, a P/E ratio of 23.60, a P/E/G ratio of 1.37 and a beta of 1.14. The company has a debt-to-equity ratio of 16.69, a current ratio of 1.17 and a quick ratio of 0.38.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. The firm had revenue of $23.88 billion during the quarter, compared to analyst estimates of $23.65 billion. Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company posted $1.44 EPS. analysts anticipate that Home Depot Inc will post 9.43 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were paid a dividend of $1.03 per share. This is a positive change from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Wednesday, March 7th. Home Depot’s dividend payout ratio (DPR) is presently 56.59%.

Home Depot declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 6th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

HD has been the topic of several research reports. Credit Suisse Group restated a “hold” rating on shares of Home Depot in a research note on Tuesday, December 12th. Deutsche Bank upped their price objective on Home Depot from $176.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. SunTrust Banks increased their price target on Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, December 7th. Bank of America reiterated a “buy” rating and set a $190.60 price target (down from $219.00) on shares of Home Depot in a research report on Tuesday, February 20th. Finally, Citigroup reiterated a “buy” rating and set a $213.00 price target on shares of Home Depot in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $194.04.

In other Home Depot news, 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 transaction, the chief executive officer now directly owns 237,957 shares of the company’s stock, valued at approximately $43,734,117.03. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gregory D. Brenneman purchased 16,827 shares of the firm’s stock in a transaction on Wednesday, March 21st. The shares were purchased at an average cost of $178.29 per share, with a total value of $3,000,085.83. Following the completion of the purchase, the director now owns 46,332 shares in the company, valued at approximately $8,260,532.28. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 169,027 shares of company stock valued at $31,220,882. 0.26% of the stock is currently owned by corporate insiders.

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Home Depot 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.

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

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