Culbertson A N & Co. Inc. raised its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 42.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,998 shares of the home improvement retailer’s stock after acquiring an additional 600 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in Home Depot were worth $327,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HD. Grimes & Company Inc. grew its position in shares of Home Depot by 40.3% in the first quarter. Grimes & Company Inc. now owns 7,106 shares of the home improvement retailer’s stock valued at $1,043,000 after purchasing an additional 2,041 shares in the last quarter. Alpha Cubed Investments LLC grew its position in shares of Home Depot by 2.2% in the first quarter. Alpha Cubed Investments LLC now owns 5,563 shares of the home improvement retailer’s stock valued at $817,000 after purchasing an additional 118 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Home Depot in the first quarter valued at approximately $265,000. Jackson Grant Investment Advisers Inc. grew its position in shares of Home Depot by 0.4% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock valued at $241,000 after purchasing an additional 6 shares in the last quarter. Finally, 361 Capital LLC grew its position in shares of Home Depot by 18.5% in the first quarter. 361 Capital LLC now owns 30,927 shares of the home improvement retailer’s stock valued at $4,541,000 after purchasing an additional 4,828 shares in the last quarter. 70.16% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the transaction, the executive vice president now directly owns 29,559 shares in the company, valued at $5,410,183.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.26% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets set a $191.00 price target on Home Depot and gave the company a “buy” rating in a research report on Friday, December 15th. Guggenheim assumed coverage on Home Depot in a research report on Wednesday, December 13th. They issued a “buy” rating and a $200.00 price target for the company. Credit Suisse Group restated a “hold” rating on shares of Home Depot in a research report on Tuesday, December 12th. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Zelman & Associates lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $183.28.

Home Depot, Inc. (HD) opened at $185.98 on Wednesday. Home Depot, Inc. has a 52-week low of $133.05 and a 52-week high of $186.72. The company has a market capitalization of $215,718.27, a price-to-earnings ratio of 25.66, a PEG ratio of 1.88 and a beta of 1.11. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. During the same period last year, the business posted $1.60 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. equities research analysts predict that Home Depot, Inc. will post 7.37 EPS for the current year.

Home Depot declared that its board has approved a stock repurchase program on Wednesday, December 6th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 1.91%. Home Depot’s dividend payout ratio is currently 49.44%.

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Home Depot Profile

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.

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

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