Home Depot Inc (HD) Holdings Decreased by EagleClaw Capital Managment LLC
EagleClaw Capital Managment LLC cut its holdings in shares of Home Depot Inc (NYSE:HD) by 4.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,557 shares of the home improvement retailer’s stock after selling 1,900 shares during the quarter. Home Depot comprises 4.2% of EagleClaw Capital Managment LLC’s portfolio, making the stock its 2nd biggest holding. EagleClaw Capital Managment LLC’s holdings in Home Depot were worth $7,450,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in Home Depot by 2,013.2% in the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after buying an additional 3,162,631 shares in the last quarter. Capital International Investors grew its holdings in Home Depot by 132.5% in the 3rd quarter. Capital International Investors now owns 3,268,036 shares of the home improvement retailer’s stock valued at $534,520,000 after buying an additional 1,862,134 shares in the last quarter. Stifel Financial Corp grew its holdings in Home Depot by 8,118.8% in the 3rd quarter. Stifel Financial Corp now owns 1,174,227 shares of the home improvement retailer’s stock valued at $191,976,000 after buying an additional 1,159,940 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in Home Depot in the 2nd quarter valued at $133,780,000. Finally, Parametric Portfolio Associates LLC grew its holdings in Home Depot by 35.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,265,338 shares of the home improvement retailer’s stock valued at $500,903,000 after buying an additional 850,074 shares in the last quarter. 70.36% of the stock is currently owned by institutional investors and hedge funds.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the transaction, the executive vice president now owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Edward P. Decker sold 17,660 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total value of $3,308,071.20. Following the completion of the transaction, the executive vice president now directly owns 73,815 shares of the company’s stock, valued at approximately $13,827,025.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 210,423 shares of company stock valued at $38,797,592. Insiders own 0.26% of the company’s stock.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.07. Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The business had revenue of $23.88 billion during the quarter, compared to the consensus estimate of $23.65 billion. During the same period in the prior year, the company earned $1.44 EPS. Home Depot’s revenue for the quarter was up 7.5% on a year-over-year basis. analysts predict that Home Depot Inc will post 9.41 earnings per share for the current year.
Home Depot declared that its Board of Directors has initiated a share repurchase program on Wednesday, December 6th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Wednesday, March 7th. This is a boost from Home Depot’s previous quarterly dividend of $0.89. Home Depot’s dividend payout ratio is presently 48.90%.
A number of research analysts have commented on the company. Credit Suisse Group upped their price objective on Home Depot from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Stifel Nicolaus upped their target price on Home Depot from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $220.00 target price (up from $190.00) on shares of Home Depot in a research report on Friday, January 19th. Jefferies Group reiterated a “buy” rating and set a $223.00 target price on shares of Home Depot in a research report on Monday, February 5th. Finally, Oppenheimer reiterated a “buy” rating on shares of Home Depot in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $193.15.
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About Home Depot
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.
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