The Home Depot, Inc. (NYSE:HD) Shares Bought by Wafra Inc.

Wafra Inc. grew its position in The Home Depot, Inc. (NYSE:HDFree Report) by 152.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,762 shares of the home improvement retailer’s stock after acquiring an additional 8,925 shares during the quarter. Wafra Inc.’s holdings in Home Depot were worth $5,116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Home Depot by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock valued at $4,540,197,000 after acquiring an additional 347,614 shares in the last quarter. Northern Trust Corp lifted its position in Home Depot by 1.3% during the third quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer’s stock worth $3,730,889,000 after buying an additional 153,141 shares in the last quarter. Fisher Asset Management LLC lifted its position in Home Depot by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock worth $3,050,363,000 after buying an additional 195,670 shares in the last quarter. International Assets Investment Management LLC lifted its position in Home Depot by 12,647.4% during the fourth quarter. International Assets Investment Management LLC now owns 5,569,482 shares of the home improvement retailer’s stock worth $1,930,104,000 after buying an additional 5,525,791 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in Home Depot by 38.4% during the fourth quarter. Jennison Associates LLC now owns 4,347,596 shares of the home improvement retailer’s stock worth $1,506,659,000 after buying an additional 1,207,388 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Stock Up 0.4 %

HD traded up $1.48 on Friday, hitting $344.21. 2,739,006 shares of the company were exchanged, compared to its average volume of 3,515,366. The Home Depot, Inc. has a twelve month low of $274.26 and a twelve month high of $396.87. The company has a market cap of $341.12 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01. The company has a current ratio of 1.34, a quick ratio of 0.40 and a debt-to-equity ratio of 23.11. The firm has a 50-day moving average price of $354.88 and a two-hundred day moving average price of $346.17.

Home Depot (NYSE:HDGet Free Report) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.02. The business had revenue of $36.42 billion during the quarter, compared to analysts’ expectations of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.82 EPS. On average, equities analysts predict that The Home Depot, Inc. will post 15.3 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be given a dividend of $2.25 per share. The ex-dividend date is Thursday, May 30th. This represents a $9.00 annualized dividend and a dividend yield of 2.61%. Home Depot’s dividend payout ratio is currently 60.36%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HD. UBS Group reduced their price objective on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday. Guggenheim reiterated a “buy” rating and set a $390.00 price objective on shares of Home Depot in a research report on Friday, April 5th. Bank of America lifted their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. The Goldman Sachs Group lifted their price objective on Home Depot from $347.00 to $393.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada lifted their target price on Home Depot from $299.00 to $377.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $377.46.

Get Our Latest Report on Home Depot

Home Depot Company Profile

(Free Report)

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

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Institutional Ownership by Quarter for Home Depot (NYSE:HD)

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