Enterprise Trust & Investment Co bought a new position in Home Depot Inc (NYSE:HD) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 118 shares of the home improvement retailer’s stock, valued at approximately $27,000.
A number of other institutional investors have also recently modified their holdings of HD. Krane Funds Advisors LLC bought a new stake in Home Depot during the second quarter valued at approximately $25,000. Evolution Wealth Advisors LLC bought a new stake in Home Depot during the second quarter valued at approximately $31,000. Thor Advisors LLC bought a new stake in Home Depot during the first quarter valued at approximately $32,000. MRA Associates USA LLC bought a new stake in Home Depot during the second quarter valued at approximately $34,000. Finally, Redhawk Wealth Advisors Inc. bought a new stake in Home Depot during the second quarter valued at approximately $47,000. 69.92% of the stock is owned by institutional investors and hedge funds.
HD stock traded up $0.10 during mid-day trading on Thursday, reaching $225.65. 1,498,539 shares of the stock traded hands, compared to its average volume of 3,817,302. Home Depot Inc has a one year low of $158.09 and a one year high of $235.49. The stock has a market capitalization of $254.10 billion, a PE ratio of 22.82, a PEG ratio of 2.40 and a beta of 1.05. The business has a 50-day moving average price of $223.86 and a two-hundred day moving average price of $207.62.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, September 4th. Home Depot’s payout ratio is presently 55.01%.
In other news, CFO Carol B. Tome sold 145,400 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total value of $31,848,416.00. Following the transaction, the chief financial officer now directly owns 496,374 shares in the company, valued at $108,725,760.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Edward P. Decker sold 22,908 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the completion of the transaction, the executive vice president now owns 87,343 shares in the company, valued at $19,839,962.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,508 shares of company stock worth $39,076,428. Company insiders own 0.27% of the company’s stock.
HD has been the topic of several analyst reports. Credit Suisse Group set a $213.00 price target on shares of Home Depot and gave the company a “neutral” rating in a report on Tuesday, August 20th. Stifel Nicolaus lifted their price target on shares of Home Depot to $230.00 and gave the company a “buy” rating in a report on Monday, August 12th. Argus set a $240.00 price target on shares of Home Depot and gave the company a “buy” rating in a report on Wednesday, August 21st. Wedbush reaffirmed a “neutral” rating and set a $230.00 price target (up previously from $190.00) on shares of Home Depot in a report on Wednesday, August 21st. Finally, Goldman Sachs Group began coverage on shares of Home Depot in a report on Thursday, July 11th. They issued a “buy” rating and a $235.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $223.78.
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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