Opus Capital Group LLC boosted its position in The Home Depot (NYSE:HD) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,786 shares of the home improvement retailer’s stock after purchasing an additional 816 shares during the period. Opus Capital Group LLC’s holdings in The Home Depot were worth $1,287,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HD. Klingman & Associates LLC acquired a new stake in shares of The Home Depot during the 4th quarter valued at $626,000. Dempze Nancy E lifted its position in shares of The Home Depot by 20.7% during the 4th quarter. Dempze Nancy E now owns 9,667 shares of the home improvement retailer’s stock valued at $1,831,000 after acquiring an additional 1,655 shares during the last quarter. Everence Capital Management Inc. lifted its position in shares of The Home Depot by 6.5% during the 4th quarter. Everence Capital Management Inc. now owns 28,921 shares of the home improvement retailer’s stock valued at $5,481,000 after acquiring an additional 1,768 shares during the last quarter. Gator Capital Management LLC acquired a new stake in shares of The Home Depot during the 4th quarter valued at $1,327,000. Finally, CI Investments Inc. lifted its position in shares of The Home Depot by 0.5% during the 4th quarter. CI Investments Inc. now owns 452,150 shares of the home improvement retailer’s stock valued at $85,696,000 after acquiring an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 70.69% of the company’s stock.
NYSE HD opened at $172.80 on Friday. The Home Depot has a 1-year low of $144.25 and a 1-year high of $207.60. The company has a debt-to-equity ratio of 16.69, a quick ratio of 0.38 and a current ratio of 1.17. The firm has a market capitalization of $201,857.09, a PE ratio of 23.16, a P/E/G ratio of 1.38 and a beta of 1.15.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th were paid a $1.03 dividend. The ex-dividend date was Wednesday, March 7th. This is an increase from The Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.38%. The Home Depot’s dividend payout ratio is 55.23%.
A number of equities research analysts have recently commented on HD shares. BMO Capital Markets increased their price objective on The Home Depot from $191.00 to $213.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Jefferies Group reiterated a “buy” rating and set a $223.00 price objective on shares of The Home Depot in a research report on Monday, February 5th. Morgan Stanley set a $210.00 price objective on The Home Depot and gave the company a “buy” rating in a research report on Wednesday, March 21st. Zacks Investment Research upgraded The Home Depot from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Tuesday, February 6th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $217.00 price objective (down previously from $220.00) on shares of The Home Depot in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $194.45.
In other news, CEO Craig A. Menear sold 113,687 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total value of $20,894,533.73. Following the transaction, the chief executive officer now directly owns 237,957 shares of the company’s stock, valued at $43,734,117.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory D. Brenneman purchased 16,827 shares of the company’s stock in a transaction dated Wednesday, March 21st. The stock was bought at an average cost of $178.29 per share, for a total transaction of $3,000,085.83. Following the completion of the purchase, the director now directly owns 46,332 shares of the company’s stock, valued at approximately $8,260,532.28. The disclosure for this purchase can be found here. Insiders sold 169,027 shares of company stock worth $31,220,882 over the last ninety days. 0.25% of the stock is currently owned by company insiders.
The 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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