Royal London Asset Management Ltd. Has $101.54 Million Stake in Home Depot Inc (HD)

Royal London Asset Management Ltd. grew its position in shares of Home Depot Inc (NYSE:HD) by 22.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 596,543 shares of the home improvement retailer’s stock after purchasing an additional 109,416 shares during the quarter. Home Depot accounts for about 0.9% of Royal London Asset Management Ltd.’s holdings, making the stock its 16th biggest holding. Royal London Asset Management Ltd.’s holdings in Home Depot were worth $101,544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cambridge Trust Co. raised its stake in shares of Home Depot by 0.4% during the third quarter. Cambridge Trust Co. now owns 99,319 shares of the home improvement retailer’s stock valued at $20,573,000 after purchasing an additional 390 shares in the last quarter. WESPAC Advisors SoCal LLC raised its stake in shares of Home Depot by 9.3% during the third quarter. WESPAC Advisors SoCal LLC now owns 27,041 shares of the home improvement retailer’s stock valued at $5,601,000 after purchasing an additional 2,294 shares in the last quarter. Lenox Wealth Management Inc. raised its stake in shares of Home Depot by 9.6% during the third quarter. Lenox Wealth Management Inc. now owns 4,091 shares of the home improvement retailer’s stock valued at $847,000 after purchasing an additional 357 shares in the last quarter. Country Club Trust Company n.a. raised its stake in shares of Home Depot by 7.6% during the third quarter. Country Club Trust Company n.a. now owns 6,764 shares of the home improvement retailer’s stock valued at $1,402,000 after purchasing an additional 479 shares in the last quarter. Finally, Hengehold Capital Management LLC bought a new stake in shares of Home Depot during the third quarter valued at about $205,000. 70.88% of the stock is owned by institutional investors.

Shares of Home Depot stock opened at $205.66 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68. Home Depot Inc has a 52 week low of $158.09 and a 52 week high of $215.43. The stock has a market capitalization of $227.03 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.78 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 EPS for the quarter, topping the consensus estimate of $2.16 by $0.09. Home Depot had a net margin of 10.28% and a return on equity of 1,441.05%. The firm had revenue of $26.49 billion for the quarter, compared to analysts’ expectations of $26.57 billion. During the same period in the previous year, the business earned $1.69 earnings per share. Home Depot’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, analysts predict that Home Depot Inc will post 10.09 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $1.36 dividend. The ex-dividend date was Wednesday, March 13th. This is a boost from Home Depot’s previous quarterly dividend of $1.03. This represents a $5.44 annualized dividend and a yield of 2.65%. Home Depot’s payout ratio is 55.01%.

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

A number of equities research analysts recently weighed in on HD shares. DZ Bank cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Zacks Investment Research cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. Credit Suisse Group set a $194.00 price objective on shares of Home Depot and gave the company a “hold” rating in a research note on Tuesday, February 26th. Edward Jones upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Finally, Telsey Advisory Group cut shares of Home Depot from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $205.00 to $192.00 in a research note on Wednesday, February 27th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $204.47.

In other Home Depot news, EVP Ann Marie Campbell sold 5,450 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total value of $1,006,451.50. Following the sale, the executive vice president now directly owns 51,030 shares in the company, valued at $9,423,710.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Edward P. Decker sold 23,744 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $182.93, for a total transaction of $4,343,489.92. Following the completion of the sale, the executive vice president now owns 86,813 shares in the company, valued at $15,880,702.09. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,194 shares of company stock worth $7,553,141. 0.25% of the stock is owned by company insiders.

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About Home Depot

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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