Home Depot Inc (HD) Position Increased by Cwm LLC
Cwm LLC boosted its stake in Home Depot Inc (NYSE:HD) by 28.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,328 shares of the home improvement retailer’s stock after purchasing an additional 747 shares during the quarter. Cwm LLC’s holdings in Home Depot were worth $649,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in HD. Lucia Wealth Services LLC purchased a new position in Home Depot during the first quarter valued at $101,000. Earnest Partners LLC purchased a new position in Home Depot during the fourth quarter valued at $108,000. Institutional & Family Asset Management LLC purchased a new position in Home Depot during the first quarter valued at $108,000. Clarus Wealth Advisors purchased a new position in Home Depot during the second quarter valued at $136,000. Finally, Princeton Capital Management LLC purchased a new position in Home Depot during the first quarter valued at $151,000. Institutional investors and hedge funds own 68.96% of the company’s stock.
In other Home Depot news, EVP Matt Carey sold 4,125 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $195.43, for a total value of $806,148.75. Following the completion of the transaction, the executive vice president now owns 60,179 shares of the company’s stock, valued at approximately $11,760,781.97. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP William G. Lennie sold 10,854 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total value of $2,188,600.56. Following the completion of the transaction, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at approximately $8,077,093.48. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.21. The firm had revenue of $30.46 billion during the quarter, compared to analyst estimates of $30.04 billion. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. Home Depot’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. sell-side analysts forecast that Home Depot Inc will post 9.58 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Wednesday, August 29th. Home Depot’s dividend payout ratio (DPR) is 55.23%.
Several equities analysts have commented on the company. Piper Jaffray Companies reissued a “hold” rating and set a $203.00 price objective on shares of Home Depot in a research report on Thursday, August 16th. Citigroup reissued a “buy” rating and set a $227.00 price objective on shares of Home Depot in a research report on Wednesday, August 15th. Jefferies Financial Group assumed coverage on Home Depot in a research report on Tuesday, August 21st. They set a “buy” rating and a $228.00 price objective for the company. Loop Capital set a $200.00 price objective on Home Depot and gave the company a “hold” rating in a research report on Wednesday, July 11th. Finally, ValuEngine raised Home Depot from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Seven research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Home Depot has a consensus rating of “Buy” and a consensus price target of $205.92.
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 provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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