Home Depot Inc (NYSE:HD) Position Raised by Dai Ichi Life Insurance Company Ltd

Dai Ichi Life Insurance Company Ltd boosted its holdings in Home Depot Inc (NYSE:HD) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 209,180 shares of the home improvement retailer’s stock after purchasing an additional 7,703 shares during the quarter. Home Depot comprises 1.0% of Dai Ichi Life Insurance Company Ltd’s holdings, making the stock its 17th largest holding. Dai Ichi Life Insurance Company Ltd’s holdings in Home Depot were worth $40,811,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Northern Capital Management LLC boosted its holdings in Home Depot by 29.6% during the first quarter. Northern Capital Management LLC now owns 13,148 shares of the home improvement retailer’s stock worth $2,343,000 after buying an additional 3,005 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Home Depot by 1.9% during the first quarter. Teacher Retirement System of Texas now owns 655,100 shares of the home improvement retailer’s stock worth $116,765,000 after buying an additional 12,113 shares in the last quarter. Exencial Wealth Advisors LLC boosted its holdings in Home Depot by 7.7% during the first quarter. Exencial Wealth Advisors LLC now owns 4,119 shares of the home improvement retailer’s stock worth $734,000 after buying an additional 294 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Home Depot by 7.6% during the first quarter. Venturi Wealth Management LLC now owns 6,184 shares of the home improvement retailer’s stock worth $1,102,000 after buying an additional 438 shares in the last quarter. Finally, Swedbank boosted its holdings in Home Depot by 2.6% during the first quarter. Swedbank now owns 652,769 shares of the home improvement retailer’s stock worth $116,349,000 after buying an additional 16,459 shares in the last quarter. Institutional investors and hedge funds own 69.85% of the company’s stock.

In related news, Director Wayne M. Hewett purchased 250 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The stock was purchased at an average price of $169.62 per share, with a total value of $42,405.00. Following the completion of the transaction, the director now owns 3,000 shares of the company’s stock, valued at approximately $508,860. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Craig A. Menear sold 117,327 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the transaction, the chief executive officer now directly owns 264,970 shares of the company’s stock, valued at approximately $47,805,887.40. The disclosure for this sale can be found here. Insiders have purchased 13,750 shares of company stock valued at $2,401,470 in the last ninety days. 0.25% of the stock is currently owned by company insiders.

HD has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, October 16th. Credit Suisse Group reduced their price target on shares of Home Depot from $204.00 to $194.00 and set a “neutral” rating on the stock in a report on Thursday, November 15th. Deutsche Bank reduced their price target on shares of Home Depot from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, November 14th. Citigroup upped their price target on shares of Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a report on Friday, August 10th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and issued a $230.00 price target on shares of Home Depot in a report on Sunday, September 16th. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $205.43.

Shares of HD traded up $1.42 on Monday, hitting $181.74. 7,311,069 shares of the stock traded hands, compared to its average volume of 4,894,663. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09. The company has a market capitalization of $203.68 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.41 and a beta of 1.26. Home Depot Inc has a 1 year low of $167.00 and a 1 year high of $215.43.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The business had revenue of $26.30 billion for the quarter, compared to the consensus estimate of $26.23 billion. During the same quarter in the prior year, the firm posted $1.84 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts expect that Home Depot Inc will post 9.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 29th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, November 28th. Home Depot’s dividend payout ratio (DPR) is 55.23%.

ILLEGAL ACTIVITY WARNING: “Home Depot Inc (NYSE:HD) Position Raised by Dai Ichi Life Insurance Company Ltd” was originally reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://www.baseballdailydigest.com/news/2018/12/03/home-depot-inc-hd-stake-raised-by-dai-ichi-life-insurance-company-ltd.html.

Home Depot Company 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.

Further Reading: How is the S&P 500 index different from the DJIA?

Institutional Ownership by Quarter for Home Depot (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.

Leave a Reply