The Home Depot, Inc. (NYSE:HD) Shares Purchased by Windward Capital Management Co. CA

Windward Capital Management Co. CA raised its stake in shares of The Home Depot, Inc. (NYSE:HDGet Rating) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,107 shares of the home improvement retailer’s stock after purchasing an additional 90 shares during the period. Windward Capital Management Co. CA’s holdings in Home Depot were worth $3,869,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HD. Norges Bank acquired a new position in Home Depot during the fourth quarter worth approximately $4,325,629,000. Renaissance Technologies LLC acquired a new position in Home Depot during the first quarter worth approximately $563,524,000. Parnassus Investments LLC acquired a new stake in shares of Home Depot in the first quarter worth $542,084,000. Charles Schwab Investment Management Inc. increased its position in shares of Home Depot by 14.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock worth $3,211,731,000 after acquiring an additional 1,361,660 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its position in shares of Home Depot by 25,355.1% in the first quarter. Aaron Wealth Advisors LLC now owns 695,942 shares of the home improvement retailer’s stock worth $2,325,000 after acquiring an additional 693,208 shares in the last quarter. Institutional investors and hedge funds own 68.66% of the company’s stock.

Home Depot Trading Up 1.6 %

NYSE HD opened at $275.97 on Monday. The Home Depot, Inc. has a 12 month low of $264.51 and a 12 month high of $420.61. The company has a debt-to-equity ratio of 165.70, a current ratio of 1.18 and a quick ratio of 0.25. The company has a market capitalization of $282.52 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The company’s fifty day moving average price is $300.51 and its two-hundred day moving average price is $300.96.

Home Depot (NYSE:HDGet Rating) last posted its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $5.05 EPS for the quarter, beating analysts’ consensus estimates of $4.95 by $0.10. Home Depot had a net margin of 10.88% and a negative return on equity of 3,166.43%. The firm had revenue of $43.79 billion for the quarter, compared to the consensus estimate of $43.33 billion. During the same period in the prior year, the firm posted $4.53 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts predict that The Home Depot, Inc. will post 16.56 earnings per share for the current fiscal year.

Home Depot announced that its board has authorized a share buyback program on Thursday, August 18th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to buy up to 4.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a $1.90 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.75%. Home Depot’s payout ratio is currently 46.71%.

Insider Transactions at Home Depot

In other news, EVP Fahim Siddiqui sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $300.59, for a total value of $300,590.00. Following the transaction, the executive vice president now directly owns 6,180 shares in the company, valued at approximately $1,857,646.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Fahim Siddiqui sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $300.59, for a total value of $300,590.00. Following the transaction, the executive vice president now directly owns 6,180 shares in the company, valued at approximately $1,857,646.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Matt Carey sold 12,650 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $316.26, for a total transaction of $4,000,689.00. Following the completion of the transaction, the executive vice president now owns 34,522 shares in the company, valued at $10,917,927.72. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HD shares. DA Davidson increased their price objective on shares of Home Depot to $334.00 in a research report on Monday, August 22nd. UBS Group increased their price objective on shares of Home Depot from $360.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Guggenheim increased their price objective on shares of Home Depot from $350.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Evercore ISI dropped their price objective on shares of Home Depot to $360.00 in a research report on Thursday, June 9th. Finally, Morgan Stanley increased their price objective on shares of Home Depot from $350.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 17th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $365.95.

Home Depot Profile

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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.

See Also

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

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