Cohen & Steers Inc. decreased its stake in shares of Home Depot Inc (NYSE:HD) by 10.9% during the fourth quarter, HoldingsChannel reports. The firm owned 798 shares of the home improvement retailer’s stock after selling 98 shares during the quarter. Cohen & Steers Inc.’s holdings in Home Depot were worth $137,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Portfolio Solutions LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $26,000. Virtus ETF Advisers LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $32,000. Enlightenment Research LLC bought a new position in shares of Home Depot in the fourth quarter worth approximately $34,000. Private Ocean LLC lifted its stake in shares of Home Depot by 53.3% in the fourth quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after buying an additional 72 shares in the last quarter. Finally, Ironwood Financial llc lifted its stake in shares of Home Depot by 39.5% in the fourth quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock worth $49,000 after buying an additional 81 shares in the last quarter. 69.43% of the stock is currently owned by hedge funds and other institutional investors.
In other Home Depot news, EVP Teresa Wynn Roseborough sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $194.38, for a total transaction of $1,652,230.00. Following the completion of the sale, the executive vice president now directly owns 13,357 shares of the company’s stock, valued at $2,596,333.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $193.30, for a total transaction of $2,512,900.00. Following the sale, the executive vice president now directly owns 64,575 shares of the company’s stock, valued at $12,482,347.50. The disclosure for this sale can be found here. Insiders have sold 47,834 shares of company stock valued at $9,146,733 over the last three months. 0.27% of the stock is owned by corporate insiders.
HD opened at $198.94 on Thursday. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.04 and a quick ratio of 0.26. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $215.43. The company has a market cap of $217.09 billion, a PE ratio of 20.12, a P/E/G ratio of 1.82 and a beta of 1.10.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.10. Home Depot had a net margin of 10.24% and a negative return on equity of 6,597.69%. The firm had revenue of $26.38 billion during the quarter, compared to analysts’ expectations of $26.34 billion. During the same period in the previous year, the company earned $2.08 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, research analysts predict that Home Depot Inc will post 10.1 EPS for the current fiscal year.
Home Depot announced that its Board of Directors has approved a share buyback plan on Tuesday, February 26th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to purchase up to 6.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $1.36 per share. The ex-dividend date is Wednesday, June 5th. This represents a $5.44 annualized dividend and a dividend yield of 2.73%. Home Depot’s payout ratio is 55.01%.
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Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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