Webster Bank N. A. increased its stake in shares of Home Depot Inc (NYSE:HD) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,583 shares of the home improvement retailer’s stock after purchasing an additional 256 shares during the quarter. Webster Bank N. A.’s holdings in Home Depot were worth $5,407,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Your Advocates Ltd. LLP purchased a new stake in shares of Home Depot during the first quarter worth approximately $27,000. Lion Street Advisors LLC purchased a new stake in shares of Home Depot in the 1st quarter valued at approximately $28,000. Cordasco Financial Network raised its holdings in shares of Home Depot by 120.5% in the 1st quarter. Cordasco Financial Network now owns 247 shares of the home improvement retailer’s stock valued at $46,000 after purchasing an additional 135 shares in the last quarter. Danda Trouve Investment Management Inc. lifted its position in shares of Home Depot by 960.0% during the 1st quarter. Danda Trouve Investment Management Inc. now owns 265 shares of the home improvement retailer’s stock worth $49,000 after purchasing an additional 240 shares during the last quarter. Finally, HighMark Wealth Management LLC acquired a new position in shares of Home Depot during the fourth quarter worth $58,000. Institutional investors own 69.85% of the company’s stock.
Shares of HD traded down $1.53 on Thursday, reaching $247.64. The stock had a trading volume of 748,331 shares, compared to its average volume of 4,273,412. Home Depot Inc has a twelve month low of $140.63 and a twelve month high of $259.29. The firm has a market capitalization of $266.03 billion, a PE ratio of 24.79, a PEG ratio of 2.21 and a beta of 1.06. The firm has a 50-day moving average of $246.91 and a 200 day moving average of $225.04.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $6.00 annualized dividend and a yield of 2.42%. Home Depot’s dividend payout ratio (DPR) is currently 58.54%.
HD has been the subject of a number of recent analyst reports. Cfra raised Home Depot from a “hold” rating to a “strong-buy” rating and set a $255.00 price target for the company in a report on Wednesday, March 11th. Loop Capital boosted their target price on Home Depot from $235.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. CSFB increased their price target on shares of Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Raymond James boosted their price objective on shares of Home Depot from $245.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Finally, Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $261.00 target price on the stock in a research report on Monday, June 1st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $254.83.
In other news, EVP William G. Lennie sold 17,993 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total transaction of $4,246,707.86. Following the completion of the transaction, the executive vice president now directly owns 54,405 shares of the company’s stock, valued at approximately $12,840,668.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.26% of the company’s stock.
About Home Depot
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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