Mascoma Wealth Management LLC raised its position in Home Depot Inc (NYSE:HD) by 21.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,692 shares of the home improvement retailer’s stock after purchasing an additional 301 shares during the quarter. Mascoma Wealth Management LLC’s holdings in Home Depot were worth $291,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC grew its stake in Home Depot by 2.7% during the 3rd quarter. Waldron Private Wealth LLC now owns 2,308 shares of the home improvement retailer’s stock valued at $478,000 after purchasing an additional 60 shares in the last quarter. Berkshire Asset Management LLC PA grew its stake in Home Depot by 0.8% during the 4th quarter. Berkshire Asset Management LLC PA now owns 7,447 shares of the home improvement retailer’s stock valued at $1,280,000 after purchasing an additional 62 shares in the last quarter. Fayerweather Charles grew its stake in Home Depot by 1.3% during the 4th quarter. Fayerweather Charles now owns 5,211 shares of the home improvement retailer’s stock valued at $896,000 after purchasing an additional 65 shares in the last quarter. Cohen Lawrence B grew its stake in Home Depot by 4.6% during the 4th quarter. Cohen Lawrence B now owns 1,658 shares of the home improvement retailer’s stock valued at $285,000 after purchasing an additional 73 shares in the last quarter. Finally, DeDora Capital Inc. grew its stake in Home Depot by 0.7% during the 4th quarter. DeDora Capital Inc. now owns 9,844 shares of the home improvement retailer’s stock valued at $1,691,000 after purchasing an additional 73 shares in the last quarter. Institutional investors own 70.88% of the company’s stock.
NYSE:HD opened at $204.47 on Wednesday. Home Depot Inc has a 12-month low of $158.09 and a 12-month high of $215.43. The company has a market cap of $225.03 billion, a P/E ratio of 20.67, a P/E/G ratio of 1.77 and a beta of 1.09. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt-to-equity ratio of 17.68.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.09. Home Depot had a return on equity of 1,441.05% and a net margin of 10.28%. The business had revenue of $26.49 billion during the quarter, compared to analyst estimates of $26.57 billion. During the same quarter in the previous year, the firm posted $1.69 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities analysts expect that Home Depot Inc will post 10.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $5.44 dividend on an annualized basis and a yield of 2.66%. This is a positive change from Home Depot’s previous quarterly dividend of $1.03. Home Depot’s payout ratio is currently 55.01%.
Home Depot announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 26th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the home improvement retailer to buy up to 6.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several brokerages have recently commented on HD. Morgan Stanley lifted their target price on Home Depot from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday. Bank of America reiterated a “neutral” rating and issued a $202.00 target price on shares of Home Depot in a research report on Thursday, April 11th. Citigroup decreased their target price on Home Depot from $224.00 to $218.00 and set a “buy” rating for the company in a research report on Monday, April 1st. Evercore ISI began coverage on Home Depot in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $215.00 target price for the company. Finally, DZ Bank lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $204.47.
In other Home Depot news, EVP Ann Marie Campbell sold 5,450 shares of Home Depot stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $184.67, for a total transaction of $1,006,451.50. Following the sale, the executive vice president now owns 51,030 shares of the company’s stock, valued at approximately $9,423,710.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Edward P. Decker sold 23,744 shares of Home Depot stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $182.93, for a total value of $4,343,489.92. Following the sale, the executive vice president now directly owns 86,813 shares in the company, valued at approximately $15,880,702.09. The disclosure for this sale can be found here. Insiders have sold a total of 41,194 shares of company stock valued at $7,553,141 in the last 90 days. Insiders own 0.25% of the company’s stock.
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Home Depot 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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