Stillwater Investment Management LLC Buys New Stake in Home Depot Inc (HD)
Stillwater Investment Management LLC bought a new position in Home Depot Inc (NYSE:HD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,094 shares of the home improvement retailer’s stock, valued at approximately $207,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Home Depot by 0.9% during the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock valued at $12,336,016,000 after buying an additional 703,292 shares in the last quarter. Capital Research Global Investors raised its stake in Home Depot by 0.9% during the second quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock valued at $3,071,943,000 after buying an additional 170,139 shares in the last quarter. Northern Trust Corp raised its stake in Home Depot by 1.3% during the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock valued at $2,659,010,000 after buying an additional 222,958 shares in the last quarter. Alliancebernstein L.P. raised its stake in Home Depot by 1.1% during the second quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock valued at $1,231,485,000 after buying an additional 84,750 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Home Depot by 4.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 6,089,219 shares of the home improvement retailer’s stock valued at $995,953,000 after buying an additional 249,947 shares in the last quarter. 69.63% of the stock is owned by institutional investors.
Home Depot Inc (HD) opened at $178.46 on Monday. The company has a debt-to-equity ratio of 16.69, a quick ratio of 0.38 and a current ratio of 1.17. The stock has a market capitalization of $208,396.50, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Home Depot Inc has a one year low of $144.25 and a one year high of $207.60.
Home Depot announced that its Board of Directors has initiated a stock buyback 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 usually an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Wednesday, March 7th. This is a positive change from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 annualized dividend and a dividend yield of 2.31%. Home Depot’s dividend payout ratio (DPR) is currently 48.90%.
In related news, EVP Edward P. Decker sold 17,660 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the completion of the sale, the executive vice president now directly owns 73,815 shares in the company, valued at $13,827,025.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Craig A. Menear sold 113,687 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $183.79, for a total value of $20,894,533.73. Following the sale, the chief executive officer now owns 237,957 shares of the company’s stock, valued at $43,734,117.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 210,423 shares of company stock valued at $38,797,592. Corporate insiders own 0.26% of the company’s stock.
Several brokerages have issued reports on HD. Loop Capital began coverage on Home Depot in a research note on Thursday. They set a “hold” rating and a $187.00 price objective on the stock. Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. BMO Capital Markets increased their price target on Home Depot from $191.00 to $213.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. SunTrust Banks increased their price target on Home Depot to $187.00 and gave the stock a “hold” rating in a research report on Thursday, February 22nd. Finally, Argus reiterated a “buy” rating and set a $215.00 price target (up from $190.00) on shares of Home Depot in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $193.15.
ILLEGAL ACTIVITY WARNING: This story was first posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.watchlistnews.com/stillwater-investment-management-llc-buys-new-stake-in-home-depot-inc-hd/1909935.html.
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.
Want to see what other hedge funds are holding HD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Depot Inc (NYSE:HD).
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.