Waters Parkerson & CO. LLC increased its stake in shares of Home Depot Inc (NYSE:HD) by 4.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,454 shares of the home improvement retailer’s stock after buying an additional 10,620 shares during the quarter. Home Depot comprises approximately 3.3% of Waters Parkerson & CO. LLC’s investment portfolio, making the stock its 5th biggest holding. Waters Parkerson & CO. LLC’s holdings in Home Depot were worth $37,857,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. National Planning Corp grew its holdings in shares of Home Depot by 6.5% during the third quarter. National Planning Corp now owns 18,009 shares of the home improvement retailer’s stock valued at $2,975,000 after buying an additional 1,092 shares during the last quarter. BB&T Investment Services Inc. grew its holdings in shares of Home Depot by 8.6% during the third quarter. BB&T Investment Services Inc. now owns 5,673 shares of the home improvement retailer’s stock valued at $919,000 after buying an additional 450 shares during the last quarter. Dearborn Partners LLC grew its holdings in shares of Home Depot by 1.3% during the third quarter. Dearborn Partners LLC now owns 86,683 shares of the home improvement retailer’s stock valued at $14,178,000 after buying an additional 1,151 shares during the last quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. purchased a new stake in shares of Home Depot during the third quarter valued at $17,172,000. Finally, Stifel Financial Corp grew its holdings in shares of Home Depot by 8,118.8% during the third quarter. Stifel Financial Corp now owns 1,174,227 shares of the home improvement retailer’s stock valued at $191,976,000 after buying an additional 1,159,940 shares during the last quarter. 70.63% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Edward P. Decker sold 17,660 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the completion of the sale, the executive vice president now owns 73,815 shares of the company’s stock, valued at approximately $13,827,025.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Armando M. Codina acquired 6,650 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average cost of $178.66 per share, with a total value of $1,188,089.00. Following the purchase, the director now owns 42,300 shares in the company, valued at approximately $7,557,318. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 169,027 shares of company stock valued at $31,220,882. Insiders own 0.26% of the company’s stock.
Home Depot Inc (NYSE:HD) opened at $178.35 on Wednesday. Home Depot Inc 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 cap of $208,270.00, a PE ratio of 24.10, a P/E/G ratio of 1.40 and a beta of 1.14.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.07. Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The firm had revenue of $23.88 billion during the quarter, compared to the consensus estimate of $23.65 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. analysts forecast that Home Depot Inc will post 9.44 earnings per share for the current year.
Home Depot announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Wednesday, March 7th. This is an increase from Home Depot’s previous quarterly dividend of $0.89. Home Depot’s dividend payout ratio is 55.68%.
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About Home Depot
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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