Home Depot Inc (NYSE:HD) Stake Raised by Deltec Asset Management LLC

Deltec Asset Management LLC lifted its position in shares of Home Depot Inc (NYSE:HD) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,858 shares of the home improvement retailer’s stock after purchasing an additional 1,400 shares during the quarter. Home Depot comprises 2.1% of Deltec Asset Management LLC’s investment portfolio, making the stock its 12th biggest holding. Deltec Asset Management LLC’s holdings in Home Depot were worth $7,708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ironwood Financial llc increased its position in Home Depot by 39.5% during the fourth 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 last quarter. Avondale Wealth Management increased its position in Home Depot by 52.4% during the fourth quarter. Avondale Wealth Management now owns 349 shares of the home improvement retailer’s stock valued at $60,000 after acquiring an additional 120 shares during the last quarter. Fusion Family Wealth LLC increased its position in Home Depot by 43.6% during the fourth quarter. Fusion Family Wealth LLC now owns 405 shares of the home improvement retailer’s stock valued at $70,000 after acquiring an additional 123 shares during the last quarter. Horan Securities Inc. increased its position in Home Depot by 44.0% during the fourth quarter. Horan Securities Inc. now owns 540 shares of the home improvement retailer’s stock valued at $97,000 after acquiring an additional 165 shares during the last quarter. Finally, Highwater Wealth Management LLC purchased a new stake in Home Depot during the fourth quarter valued at $124,000. Institutional investors own 70.89% of the company’s stock.

In related news, EVP Ann Marie Campbell sold 5,450 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 51,030 shares of the company’s stock, valued at $9,423,710.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark Holifield sold 12,000 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $183.60, for a total value of $2,203,200.00. Following the transaction, the executive vice president now directly owns 39,794 shares of the company’s stock, valued at $7,306,178.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,194 shares of company stock valued at $7,553,141. 0.25% of the stock is owned by corporate insiders.

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

NYSE HD opened at $203.61 on Friday. The stock has a market capitalization of $225.63 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.11 and a quick ratio of 0.28. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $215.43.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.09. The firm had revenue of $26.49 billion during the quarter, compared to analyst estimates of $26.57 billion. Home Depot had a return on equity of 1,441.05% and a net margin of 10.28%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.69 earnings per share. Equities research analysts predict that Home Depot Inc will post 10.09 earnings per share for the current fiscal year.

Home Depot declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 26th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to repurchase up to 6.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $1.36 dividend. This is a positive change from Home Depot’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.67%. Home Depot’s dividend payout ratio is 55.01%.

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

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