Pinnacle Financial Partners Inc. increased its position in Home Depot Inc (NYSE:HD) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,502 shares of the home improvement retailer’s stock after purchasing an additional 2,388 shares during the period. Pinnacle Financial Partners Inc.’s holdings in Home Depot were worth $4,038,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Ocean LLC lifted its holdings in shares of Home Depot by 53.3% in the 4th quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 72 shares in the last quarter. Ironwood Financial llc lifted its holdings 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 worth $49,000 after purchasing an additional 81 shares in the last quarter. Avondale Wealth Management lifted its holdings in shares of Home Depot by 52.4% in 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 in the last quarter. Evolution Wealth Advisors LLC bought a new position in shares of Home Depot in the 4th quarter worth $61,000. Finally, Fusion Family Wealth LLC lifted its holdings in shares of Home Depot by 43.6% in 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 in the last quarter. Institutional investors own 71.01% of the company’s stock.
In related news, EVP Edward P. Decker sold 23,744 shares of Home Depot stock in a transaction dated Tuesday, March 12th. The stock was 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 of the company’s stock, valued at approximately $15,880,702.09. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 5,450 shares of Home Depot stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $184.67, for a total value of $1,006,451.50. Following the completion of the sale, the executive vice president now directly owns 51,030 shares of the company’s stock, valued at approximately $9,423,710.10. The disclosure for this sale can be found here. Insiders have sold a total of 41,194 shares of company stock worth $7,553,141 over the last quarter. Company insiders own 0.27% of the company’s stock.
NYSE HD opened at $190.34 on Tuesday. The firm has a market cap of $210.09 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09. Home Depot Inc has a one year low of $158.09 and a one year 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.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 EPS for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.09. The company had revenue of $26.49 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.69 EPS. As a group, sell-side analysts forecast that Home Depot Inc will post 10.09 EPS for the current fiscal year.
Home Depot announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 26th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.
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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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