Mathes Company Inc. lessened its position in Home Depot Inc (NYSE:HD) by 36.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,000 shares of the home improvement retailer’s stock after selling 1,750 shares during the period. Mathes Company Inc.’s holdings in Home Depot were worth $585,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Lucia Wealth Services LLC bought a new stake in Home Depot during the 1st quarter worth about $101,000. Earnest Partners LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $108,000. Institutional & Family Asset Management LLC acquired a new position in shares of Home Depot during the 1st quarter worth about $108,000. Clarus Wealth Advisors acquired a new position in shares of Home Depot during the 2nd quarter worth about $136,000. Finally, Delpha Capital Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $153,000. Institutional investors own 69.01% of the company’s stock.
HD traded up $2.73 during trading hours on Friday, reaching $192.47. The company’s stock had a trading volume of 5,354,002 shares, compared to its average volume of 4,627,644. Home Depot Inc has a 52 week low of $160.53 and a 52 week high of $215.43. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60. The stock has a market cap of $237.01 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 1.63 and a beta of 1.11.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. The business had revenue of $30.46 billion for the quarter, compared to analysts’ expectations of $30.04 billion. During the same quarter in the prior year, the business earned $0.59 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities analysts forecast that Home Depot Inc will post 9.58 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Investors of record on Thursday, August 30th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Wednesday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 55.23%.
Several equities analysts have recently issued reports on the company. Wells Fargo & Co restated a “buy” rating and set a $230.00 target price on shares of Home Depot in a research report on Sunday, September 16th. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Jefferies Financial Group began coverage on Home Depot in a research report on Tuesday, August 21st. They set a “buy” rating and a $228.00 target price for the company. UBS Group boosted their price objective on Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, June 20th. Finally, Citigroup boosted their price objective on Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, August 10th. Six analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $207.40.
In other Home Depot news, EVP Matt Carey sold 4,125 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total transaction of $806,148.75. Following the transaction, the executive vice president now owns 60,179 shares in the company, valued at approximately $11,760,781.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William G. Lennie sold 10,854 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total value of $2,188,600.56. Following the transaction, the executive vice president now owns 40,057 shares in the company, valued at approximately $8,077,093.48. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.
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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