Landsberg Bennett & Dubbaneh LLC Buys New Holdings in Home Depot Inc (HD)

Landsberg Bennett & Dubbaneh LLC purchased a new stake in shares of Home Depot Inc (NYSE:HD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 22,780 shares of the home improvement retailer’s stock, valued at approximately $3,914,000. Home Depot comprises about 1.5% of Landsberg Bennett & Dubbaneh LLC’s holdings, making the stock its 8th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ironwood Financial llc increased its position in shares of Home Depot by 39.5% during the 4th quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock valued at $49,000 after purchasing an additional 81 shares during the last quarter. Fusion Family Wealth LLC increased its position in shares of Home Depot by 43.6% during the 4th quarter. Fusion Family Wealth LLC now owns 405 shares of the home improvement retailer’s stock valued at $70,000 after purchasing an additional 123 shares during the last quarter. Highwater Wealth Management LLC bought a new position in shares of Home Depot during the 4th quarter valued at about $124,000. Capital Advisors Ltd. LLC increased its position in shares of Home Depot by 162.0% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 613 shares of the home improvement retailer’s stock valued at $127,000 after purchasing an additional 379 shares during the last quarter. Finally, Canton Hathaway LLC bought a new position in shares of Home Depot during the 3rd quarter valued at about $166,000. 70.88% of the stock is currently owned by hedge funds and other institutional investors.

HD has been the topic of several recent research reports. Citigroup reduced their price objective on Home Depot from $224.00 to $218.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Monday, December 31st. Edward Jones upgraded Home Depot from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Deutsche Bank increased their target price on Home Depot from $200.00 to $208.00 and gave the company a “buy” rating in a report on Wednesday, February 27th. Finally, Credit Suisse Group set a $194.00 target price on Home Depot and gave the company a “hold” rating in a report on Tuesday, February 26th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Home Depot currently has a consensus rating of “Buy” and a consensus price target of $204.47.

In other Home Depot news, EVP Edward P. Decker sold 23,744 shares of Home Depot stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $182.93, for a total value of $4,343,489.92. Following the completion of the sale, the executive vice president now owns 86,813 shares of the company’s stock, valued at approximately $15,880,702.09. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $1,006,451.50. Following the completion of the sale, the executive vice president now directly owns 51,030 shares of the company’s stock, valued at approximately $9,423,710.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,194 shares of company stock valued at $7,553,141. 0.25% of the stock is owned by corporate insiders.

Shares of HD traded down $0.89 on Friday, reaching $205.66. The stock had a trading volume of 3,162,460 shares, compared to its average volume of 3,678,278. The stock has a market cap of $227.03 billion, a PE ratio of 20.79, a PEG ratio of 1.78 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 Inc has a 12-month low of $158.09 and a 12-month high of $215.43.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 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 company had revenue of $26.49 billion during the quarter, compared to analysts’ expectations of $26.57 billion. During the same quarter last year, the business posted $1.69 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities analysts anticipate that Home Depot Inc will post 10.09 EPS for the current 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. This represents a $5.44 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $1.03. Home Depot’s dividend payout ratio (DPR) is 55.01%.

Home Depot announced that its board has approved a share buyback program on Tuesday, February 26th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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

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