Strs Ohio increased its holdings in Home Depot Inc (NYSE:HD) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 889,170 shares of the home improvement retailer’s stock after buying an additional 5,726 shares during the period. Home Depot comprises approximately 0.8% of Strs Ohio’s investment portfolio, making the stock its 18th biggest holding. Strs Ohio owned about 0.08% of Home Depot worth $152,777,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of HD. Ironwood Financial llc increased its position in shares of Home Depot by 39.5% in the 4th quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock valued at $49,000 after acquiring an additional 81 shares during the period. Avondale Wealth Management boosted its holdings in Home Depot by 52.4% in the fourth quarter. Avondale Wealth Management now owns 349 shares of the home improvement retailer’s stock valued at $60,000 after purchasing an additional 120 shares during the last quarter. Fusion Family Wealth LLC boosted its holdings in Home Depot by 43.6% in the fourth 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. Horan Securities Inc. boosted its holdings in Home Depot by 44.0% in the fourth quarter. Horan Securities Inc. now owns 540 shares of the home improvement retailer’s stock valued at $97,000 after purchasing an additional 165 shares during the last quarter. Finally, Highwater Wealth Management LLC purchased a new stake in Home Depot in the fourth quarter valued at $124,000. 70.89% of the stock is owned by institutional investors.
Several equities research analysts have commented on HD shares. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a report on Monday, December 31st. Edward Jones raised shares of Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Credit Suisse Group set a $194.00 price target on shares of Home Depot and gave the company a “hold” rating in a report on Tuesday, February 26th. Telsey Advisory Group lowered shares of Home Depot from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $205.00 to $192.00 in a research note on Wednesday, February 27th. Finally, Deutsche Bank increased their target price on shares of Home Depot from $200.00 to $208.00 and gave the stock a “buy” rating 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 a consensus rating of “Buy” and an average price target of $204.47.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.09. The firm had revenue of $26.49 billion for the quarter, compared to analyst estimates of $26.57 billion. Home Depot had a net margin of 10.28% and a return on equity of 1,441.05%. Home Depot’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $1.69 EPS. On average, sell-side analysts predict that Home Depot Inc will post 10.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $1.36 dividend. The ex-dividend date was Wednesday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $1.03. This represents a $5.44 dividend on an annualized basis and a yield of 2.63%. Home Depot’s dividend payout ratio (DPR) is currently 55.01%.
Home Depot announced that its board has approved a share buyback plan 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 stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
In other Home Depot news, EVP Edward P. Decker sold 23,744 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now owns 86,813 shares in the company, valued at approximately $15,880,702.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Holifield sold 12,000 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $183.60, for a total transaction of $2,203,200.00. Following the completion of the sale, the executive vice president now owns 39,794 shares of the company’s stock, valued at approximately $7,306,178.40. The disclosure for this sale can be found here. Insiders sold a total of 41,194 shares of company stock worth $7,553,141 over the last ninety days. 0.25% of the stock is currently owned by corporate insiders.
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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.
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