Gemmer Asset Management LLC lowered its position in Home Depot Inc (NYSE:HD) by 10.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,902 shares of the home improvement retailer’s stock after selling 214 shares during the period. Gemmer Asset Management LLC’s holdings in Home Depot were worth $441,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in HD. Krane Funds Advisors LLC purchased a new stake in shares of Home Depot in the second quarter valued at about $25,000. Enterprise Trust & Investment Co purchased a new stake in shares of Home Depot in the third quarter valued at about $27,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Home Depot in the second quarter valued at about $31,000. Thor Advisors LLC purchased a new stake in shares of Home Depot in the first quarter valued at about $32,000. Finally, MRA Associates USA LLC purchased a new stake in shares of Home Depot in the second quarter valued at about $34,000. Institutional investors own 69.92% of the company’s stock.
Shares of NYSE:HD opened at $234.66 on Friday. The firm has a market capitalization of $250.72 billion, a PE ratio of 22.44, a P/E/G ratio of 2.24 and a beta of 1.05. Home Depot Inc has a twelve month low of $158.09 and a twelve month high of $236.70. The company has a 50-day moving average price of $227.71 and a two-hundred day moving average price of $209.58.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.44 dividend on an annualized basis and a yield of 2.32%. Home Depot’s dividend payout ratio is presently 55.01%.
In other Home Depot news, CFO Carol B. Tome sold 145,400 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the completion of the transaction, the chief financial officer now owns 496,374 shares in the company, valued at $108,725,760.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Edward P. Decker sold 22,908 shares of the 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 transaction, the executive vice president now owns 87,343 shares of the company’s stock, valued at approximately $19,839,962.45. The disclosure for this sale can be found here. Insiders have sold 177,508 shares of company stock valued at $39,076,428 in the last quarter. Company insiders own 0.27% of the company’s stock.
Several brokerages have recently commented on HD. DZ Bank downgraded shares of Home Depot from a “hold” rating to a “sell” rating in a report on Thursday, September 19th. ValuEngine downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Royal Bank of Canada raised their price objective on shares of Home Depot from $229.00 to $233.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Goldman Sachs Group assumed coverage on shares of Home Depot in a report on Thursday, July 11th. They set a “buy” rating and a $235.00 price objective for the company. Finally, Citigroup raised their price objective on shares of Home Depot from $246.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $228.24.
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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