Perigon Wealth Management LLC Sells 1,894 Shares of Home Depot, Inc. (The) (HD)
Perigon Wealth Management LLC decreased its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,900 shares of the home improvement retailer’s stock after selling 1,894 shares during the quarter. Home Depot accounts for about 1.7% of Perigon Wealth Management LLC’s holdings, making the stock its 7th biggest position. Perigon Wealth Management LLC’s holdings in Home Depot were worth $7,962,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Jacobi Capital Management LLC lifted its stake in Home Depot by 16.4% in the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares in the last quarter. Glassman Wealth Services lifted its stake in Home Depot by 38.3% in the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after buying an additional 300 shares in the last quarter. St. Johns Investment Management Company LLC lifted its stake in Home Depot by 81.8% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock valued at $169,000 after buying an additional 495 shares in the last quarter. Mascoma Wealth Management LLC lifted its stake in Home Depot by 0.6% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after buying an additional 7 shares in the last quarter. Finally, Acrospire Investment Management LLC lifted its stake in Home Depot by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the home improvement retailer’s stock valued at $184,000 after buying an additional 900 shares in the last quarter. 70.37% of the stock is currently owned by institutional investors and hedge funds.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $183.03, for a total value of $7,576,709.88. Following the transaction, the executive vice president now owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.26% of the company’s stock.
A number of brokerages have weighed in on HD. BMO Capital Markets set a $191.00 price target on Home Depot and gave the stock a “buy” rating in a research note on Friday. Guggenheim began coverage on Home Depot in a research note on Wednesday. They set a “buy” rating and a $200.00 price target on the stock. Credit Suisse Group reissued a “hold” rating on shares of Home Depot in a research note on Tuesday, December 12th. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Finally, Zelman & Associates downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $183.28.
Home Depot, Inc. (HD) opened at $182.58 on Friday. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. Home Depot, Inc. has a 12-month low of $133.05 and a 12-month high of $186.31. The company has a market cap of $213,195.95, a PE ratio of 25.36, a PEG ratio of 1.85 and a beta of 1.11.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same quarter last year, the company posted $1.60 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. research analysts forecast that Home Depot, Inc. will post 7.37 EPS for the current fiscal year.
Home Depot announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 6th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were issued a $0.89 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $3.56 dividend on an annualized basis and a yield of 1.95%. Home Depot’s dividend payout ratio is currently 49.44%.
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Home Depot Company Profile
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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