Gillespie Robinson & Grimm Inc. Has $499,000 Stock Position in Home Depot Inc (NYSE:HD)
Gillespie Robinson & Grimm Inc. lowered its stake in Home Depot Inc (NYSE:HD) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,287 shares of the home improvement retailer’s stock after selling 50 shares during the period. Gillespie Robinson & Grimm Inc.’s holdings in Home Depot were worth $499,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Enterprise Trust & Investment Co acquired a new stake in Home Depot in the third quarter valued at approximately $27,000. Julex Capital Management LLC acquired a new stake in Home Depot in the third quarter valued at approximately $29,000. Belmont Capital LLC acquired a new stake in Home Depot in the fourth quarter valued at approximately $28,000. Proffitt & Goodson Inc. boosted its position in Home Depot by 106.2% in the third quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock valued at $31,000 after buying an additional 69 shares in the last quarter. Finally, Financial Advantage Inc. acquired a new stake in Home Depot in the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 69.87% of the company’s stock.
In related news, EVP Teresa Wynn Roseborough sold 12,974 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $213.70, for a total value of $2,772,543.80. Following the transaction, the executive vice president now owns 26,335 shares in the company, valued at $5,627,789.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Craig A. Menear sold 113,468 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $211.24, for a total transaction of $23,968,980.32. Following the completion of the transaction, the chief executive officer now owns 277,604 shares in the company, valued at approximately $58,641,068.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 126,552 shares of company stock worth $26,765,281. 0.27% of the stock is owned by company insiders.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.53. The business had revenue of $27.22 billion for the quarter, compared to analyst estimates of $27.51 billion. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. Home Depot’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.51 earnings per share. Research analysts anticipate that Home Depot Inc will post 10.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $1.36 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $5.44 annualized dividend and a yield of 2.42%. Home Depot’s payout ratio is 55.01%.
A number of analysts have weighed in on the stock. Evercore ISI restated a “buy” rating on shares of Home Depot in a research report on Thursday, November 21st. Nomura cut their target price on shares of Home Depot from $237.00 to $224.00 and set a “neutral” rating on the stock in a research report on Thursday, December 12th. ValuEngine upgraded shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Thursday, December 26th. Robert W. Baird raised their target price on shares of Home Depot from $230.00 to $245.00 and gave the company an “accumulate” rating in a research report on Tuesday, November 19th. Finally, Loop Capital reiterated a “hold” rating and set a $200.00 price target on shares of Home Depot in a report on Thursday, December 12th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $237.31.
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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