Culbertson A N & Co. Inc. reduced its stake in Home Depot Inc (NYSE:HD) by 6.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,581 shares of the home improvement retailer’s stock after selling 172 shares during the period. Culbertson A N & Co. Inc.’s holdings in Home Depot were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ironwood Financial llc raised its holdings in Home Depot by 39.5% during the 4th quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock worth $49,000 after purchasing an additional 81 shares during the last quarter. Avondale Wealth Management raised its holdings in Home Depot by 52.4% during the 4th quarter. Avondale Wealth Management now owns 349 shares of the home improvement retailer’s stock worth $60,000 after purchasing an additional 120 shares during the last quarter. Fusion Family Wealth LLC raised its holdings in Home Depot by 43.6% during the 4th quarter. Fusion Family Wealth LLC now owns 405 shares of the home improvement retailer’s stock worth $70,000 after purchasing an additional 123 shares during the last quarter. Horan Securities Inc. raised its holdings in Home Depot by 44.0% during the 4th quarter. Horan Securities Inc. now owns 540 shares of the home improvement retailer’s stock worth $97,000 after purchasing an additional 165 shares during the last quarter. Finally, Highwater Wealth Management LLC bought a new position in Home Depot during the 4th quarter worth approximately $124,000. Institutional investors own 70.96% of the company’s stock.
NYSE HD traded down $0.45 during mid-day trading on Friday, hitting $200.56. The company’s stock had a trading volume of 3,583,425 shares, compared to its average volume of 4,312,950. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $215.43. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68. The company has a market cap of $221.40 billion, a P/E ratio of 20.28, a PEG ratio of 1.77 and a beta of 1.09.
Home Depot declared that its board has initiated a share buyback program on Tuesday, February 26th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several analysts have recently weighed in on HD shares. Citigroup lowered their price objective on shares of Home Depot from $224.00 to $218.00 and set a “buy” rating for the company in a research note on Monday, April 1st. Edward Jones upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Deutsche Bank lifted their price objective on shares of Home Depot from $200.00 to $208.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. 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. Finally, Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $204.18.
In other Home Depot news, EVP Ann Marie Campbell sold 5,450 shares of Home Depot stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total transaction of $1,006,451.50. Following the transaction, the executive vice president now directly owns 51,030 shares of the company’s stock, valued at approximately $9,423,710.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Holifield sold 12,000 shares of Home Depot stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $183.60, for a total transaction of $2,203,200.00. Following the transaction, the executive vice president now directly owns 39,794 shares in the company, valued at $7,306,178.40. The disclosure for this sale can be found here. In the last three months, insiders sold 41,194 shares of company stock valued at $7,553,141. 0.27% of the stock is currently owned by 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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