Princeton Global Asset Management LLC lifted its stake in The Home Depot, Inc. (NYSE:HD – Get Rating) by 8.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,602 shares of the home improvement retailer’s stock after buying an additional 681 shares during the period. Princeton Global Asset Management LLC’s holdings in Home Depot were worth $2,575,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in HD. Shore Point Advisors LLC bought a new stake in Home Depot during the fourth quarter worth $26,000. Rinkey Investments bought a new stake in Home Depot during the fourth quarter worth $25,000. Barnett & Company Inc. lifted its stake in Home Depot by 173.1% during the fourth quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 45 shares during the last quarter. Tobam bought a new stake in Home Depot during the first quarter worth $27,000. Finally, Fairfield Bush & CO. bought a new stake in Home Depot during the first quarter worth $27,000. 70.61% of the stock is currently owned by institutional investors.
Insider Transactions at Home Depot
In other news, EVP Hector A. Padilla sold 136 shares of the stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the transaction, the executive vice president now owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Home Depot news, Director Becker Caryn Seidman purchased 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The shares were acquired at an average price of $287.73 per share, with a total value of $431,595.00. Following the transaction, the director now owns 1,500 shares in the company, valued at $431,595. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Hector A. Padilla sold 136 shares of the firm’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the transaction, the executive vice president now directly owns 11,230 shares in the company, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.
Wall Street Analysts Forecast Growth
Home Depot Trading Up 0.8 %
Shares of Home Depot stock opened at $309.69 on Friday. The business has a 50-day moving average price of $290.90 and a two-hundred day moving average price of $310.73. The Home Depot, Inc. has a 1-year low of $264.51 and a 1-year high of $420.61. The company has a market cap of $318.29 billion, a P/E ratio of 19.66, a PEG ratio of 2.00 and a beta of 0.99.
Home Depot (NYSE:HD – Get Rating) last released its quarterly earnings data on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.42. The company had revenue of $38.91 billion for the quarter, compared to analysts’ expectations of $36.78 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.86 EPS. Equities research analysts forecast that The Home Depot, Inc. will post 16.43 EPS for the current fiscal year.
Home Depot Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were given a dividend of $1.90 per share. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.45%. Home Depot’s dividend payout ratio (DPR) is presently 48.25%.
About Home Depot
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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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